Eshallgo Inc Announces Closing of Initial Public Offering
SHANGHAI, July 4, 2024 /PRNewswire/ -- Eshallgo Inc ("Eshallgo" or the "Company") (NasdaqCM: EHGO), one of the leading office solution providers in China, today announced the closing of its initial public offering (the "Offering") of 1,250,000 Class A ordinary shares at a public offering price of $4 per Class A ordinary share. The Company received aggregate gross proceeds of $5 million from the Offering, before deducting underwriting discounts and other related expenses. AdvertisementForward-Looking StatementsAll statements other than statements of historical fact in this announcement are forward-looking statements. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.
Source:Manila Times
July 04, 2024 09:39 UTC
Philippines, China to improve maritime communication
Philippines, China to improve maritime communicationRepresentatives of the two countries arrived at the consensus during the 9th Meeting of their Bilateral Consultation Mechanism on the South China Sea in Manila on Tuesday. MANILA, Philippines — The Philippines and China have discussed improving maritime communication mechanisms and promoting dialogue between their coast guards, according to Beijing’s foreign ministry. Representatives of the two countries arrived at the consensus during the 9th Meeting of their Bilateral Consultation Mechanism on the South China Sea in Manila on Tuesday. China’s foreign ministry said the two sides had a candid and constructive exchange of views on the situation in the South China Sea, particularly on handling the situation in Ayungin Shoal. On Tuesday, Beijing deployed its massive coast guard vessel with body number 5901 – called “The Monster” – to Ayungin Shoal.
Source:Philippine Star
July 04, 2024 03:51 UTC
China, Philippines Try to Defuse Sea Tensions After Flare-Up
Theresa Lazaro had “frank and constructive” discussions at a regular bilateral meeting on the South China Sea in Manila on Tuesday, according to the Philippines’ Department of Foreign Affairs. Philippines and Chinese vessels clashed in recent months despite a January agreement to ease conflict, casting doubts on the effectiveness of the bilateral mechanism to defuse tensions in one of the region’s flashpoints. Chinese vessels used water cannons on Philippine ships in the past months, damaging them and hurting their crew, while Beijing has maintained that its actions were lawful and professional. Tuesday’s talks come weeks after a June 17 South China Sea encounter between Chinese and Philippine vessels that led to a Filipino sailor losing a finger. During the meeting, the Philippines said it underscored to China that it will be “relentless in protecting its interests” and upholding its rights in the South China Sea.
Source:The Standard
July 03, 2024 18:02 UTC
Stocks bounce back on improved investor sentiment
Stocks bounce back on improved investor sentimentThe Philippine Stock Exchange index snapped a two-day losing streak, surging by 1.43 percent or 91.07 percent to end at 6,450.03. MANILA, Philippines — The stock market returned to its winning ways yesterday after a brief slump as positive developments abroad buoyed investor sentiment. The Philippine Stock Exchange index snapped a two-day losing streak, surging by 1.43 percent or 91.07 percent to end at 6,450.03. Also finishing in the positive territory was the broader All Shares index, which grew by 0.94 percent to 32.46 points at 3,495.13. However, he said net market value turnover was tepid at P3.56 billion, lower than the year-to-date average of P4.99 billion.
Source:Philippine Star
July 03, 2024 17:32 UTC
Two arrested as Hong Kong and Australia join forces in HK$12.3m drug bust
Some 12 kg of suspected crystal meth was further seized by officers in the packages. Last Sunday afternoon (Jun 23), customs officers conducted an operation and arrested a 27-year-old jobless man in Tsim Sha Tsui. Officers also raided a commercial building unit in the district and seized 500 g of liquid meth and drug packaging equipment. Australian law enforcement officers also seized about 1 kg of crystal meth from the man’s home. Customs pointed out that the price of crystal meth in Australia is four to five times more expensive than that in Hong Kong and it is the second most popular drug in the country.
Source:The Standard
July 03, 2024 17:30 UTC
Alice Guo urged: Expose main players of illegal POGOs
Mayor Guo urged: Expose main players of illegal POGOsSenator Risa Hontiveros resumes the probe on Bamban, Tarlac Mayor Alice Guo’s alleged involvement in illegal Philippine offshore gaming operations (POGOs) on May 22, 2024MANILA, Philippines — Suspended Bamban, Tarlac Mayor Alice Guo, or Guo Hua Ping, should cooperate with authorities and reveal crucial information about the activities and key players of Philippine offshore gaming operators (POGOs), Sen. Sherwin Gatchalian said on Tuesday. “Guo can play a crucial role in exposing the truth and ensuring that those involved are held accountable,” said Gatchalian. “I urge Alice Guo to come forward and cooperate with authorities and expose the main players of illegal and criminal offshore gaming operations,” Gatchalian added. “We are also ready to reveal the roles of other controversial individuals behind these criminal POGO enterprises,” Tengco said. Rodriguez said his proposed House inquiry would provide Tengco the proper forum to make his revelations and support them with evidence.
Source:Philippine Star
July 03, 2024 16:30 UTC
Group claims data breach happened at DFA
MANILA, Philippines — Cybersecurity group Deep Web Konek claimed a data breach that involved the Department of Foreign Affairs (DFA) occurred on Wednesday. In a tweet, Deep Web Konek said, “Sensitive email data [is] now being sold online” following the alleged incident. READ: DFA probes new data leakIn a separate message to reporters, the DFA said they have received reports of an alleged data breach, but did not confirm whether or not one indeed took place.Media personnel earlier sought the DFA’s comment regarding Deep Web Konek’s exposé. A question was also raised regarding the extent of the alleged data breach. “The DFA has received reports of alleged email data being sold online.
Source:Philippine Daily Inquirer
July 03, 2024 16:15 UTC
U Power Expands Global Footprint with Strategic Move into Thai Market
During the initial phase of the partnership, U Power will introduce battery swapping technology and compatible EVs. Jia Li, Chairman and CEO of U Power, commented, "We are proud to enter into a strategic partnership with Pattaya AI. AdvertisementAbout Pattaya AI Terminal Co., Ltd.Pattaya AI, a subsidiary of Pattaya Group, specializes in airport solutions. Safe Harbor StatementsThis press release may contain "forward-looking statements". Forward-looking statements reflect our current view about future events.
Source:Manila Times
July 03, 2024 10:40 UTC
DouYu International Holdings Limited Announces Special Cash Dividend
Holders of the Company's ADSs will receive the cash dividends through JPMorgan Chase Bank, N.A., the depositary, subject to the terms and conditions of the deposit agreement. Primarily due to the Company's current cash position, our Board of Directors has approved a special cash dividend of approximately US$300 million as part of our ongoing effort to return value to our shareholders." About DouYu International Holdings LimitedHeadquartered in Wuhan, China, DouYu International Holdings Limited (Nasdaq: DOYU) is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain. Statements that are not historical facts, including statements about the Company's beliefs and expectations, are forward-looking statements. AdvertisementInvestor Relations ContactIn China:Lingling KongDouYu International Holdings LimitedAdvertisementEmail: [email protected]Tel: +86 (10) 6508-0677Andrea GuoPiacente Financial CommunicationsAdvertisementEmail: [email protected]Tel: +86 (10) 6508-0677In the United States:Brandi PiacenteAdvertisementPiacente Financial CommunicationsEmail: [email protected]Tel: +1-212-481-2050Media Relations ContactAdvertisementLingling KongDouYu International Holdings LimitedEmail: [email protected]Tel: +86 (10) 6508-0677
Source:Manila Times
July 03, 2024 10:33 UTC
PAOCC files raps vs Chinese nationals involved in Porac POGO
PAOCC files raps vs Chinese nationals involved in Porac POGOMANILA, Philippines — The Presidential Anti-Organized Crime Commission (PAOCC) on Tuesday filed complaints before the Department of Justice (DOJ) against two Chinese citizens in connection with the raided Philippine offshore gaming operator (POGO) hub in Porac, Pampanga. These are the first charges filed against individuals related to the Porac POGO raid. The Porac-based POGO operated by the Chinese nationals, affiliated with Lucky South 99 Corp., was raided by authorities on June 5. In the same POGO hub, Chinese Army uniforms and war medals were also discovered. Despite the authorities' discoveries at the POGO hub, Lucky South 99 Corp. has denied engaging in illegal activities.
Source:Philippine Star
July 02, 2024 23:46 UTC
Philippines to remain cyclone-free for the next 2 to 3 days — PAGASA
The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Tuesday, July 2, said it has not monitored a tropical cyclone near or inside the country’s area of responsibility that may influence the weather conditions in the next two to three days. READ: https://mb.com.ph/2024/7/2/philippines-to-remain-cyclone-free-for-the-next-2-to-3-days-pagasaSubscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletinVisit our website at http://mb.com.phFacebook: https://www.facebook.com/manilabulletinTwitter: https://www.twitter.com/manila_bulletinInstagram: https://instagram.com/manilabulletinTiktok: https://www.tiktok.com/@manilabulletin#ManilaBulletinOnline#ManilaBulletin#LatestNews
Source:Manila Bulletin
July 02, 2024 17:54 UTC
INQToday: Angara is new DepEd chief; P35 wage hike in Metro Manila ‘insufficient’, senators say
Here’s a quick roundup of today’s top stories:Senator Sonny Angara will be replacing Vice President Sara Duterte as the new Education Secretary, the Palace announced Tuesday. ADVERTISEMENTThe Presidential Communications Office said in a statement that Angara will take the helm of the Department of Education (DepEd) starting July 19. The P35 wage hike for private sector workers in Metro Manila is “insufficient” to meet the real needs of the people, senators said Tuesday. Running for president in 2028 is not yet part of her plan, according to Senator Risa Hontiveros. What she is certain for now is that the opposition will field its senatorial bets in the 2025 midterm elections and probably a full slate in 2028.
Source:Philippine Daily Inquirer
July 02, 2024 16:55 UTC
'Hinamon agad': Makabayan solons challenge Angara to solve education sector woes
Senator Sonny Angara has yet to officially take over as Department of Education (DepEd) secretary, but Makabayan solons already have a challenge for him. And that's to turn things around in the education sector as for its stakeholders, according to ACT Teachers Party-list Rep. France Castro and Gabriela Party-list Rep. Arlene Brosas. READ: https://mb.com.ph/2024/7/2/hinamon-agad-makabayan-solons-challenge-angara-to-solve-education-sector-woes-1Subscribe to the Manila Bulletin Online channel! - https://www.youtube.com/TheManilaBulletinVisit our website at http://mb.com.phFacebook: https://www.facebook.com/manilabulletinTwitter: https://www.twitter.com/manila_bulletinInstagram: https://instagram.com/manilabulletinTiktok: https://www.tiktok.com/@manilabulletin#ManilaBulletinOnline#ManilaBulletin#LatestNews
Source:Manila Bulletin
July 02, 2024 16:24 UTC
New Oriental to Report Fourth Quarter 2024 Financial Results on July 31, 2024
BEIJING, July 2, 2024 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU/ 9901.SEHK), a provider of private educational services in China, today announced that it will report its financial results for the fourth quarter ended May 31, 2024, before the U.S. market opens on July 31, 2024. New Oriental's management will host an earnings conference call at 8 AM on July 31, 2024, U.S. Eastern Time (8 PM on July 31, 2024, Beijing/Hong Kong Time). Participants can join the conference using the below options:Dialling-in to the conference call:Please register in advance of the conference, using the link provided below. New Oriental's program, service and product offerings mainly consist of educational services and test preparation courses, private label products and livestreaming e-commerce and other services, and overseas study consulting services. New Oriental is listed on NYSE (NYSE: EDU) and SEHK (9901.SEHK), respectively.
Source:Manila Times
July 02, 2024 15:39 UTC
Marcos approves P6.3-trillion proposed 2025 budget
Marcos approves P6.3-trillion proposed budget for 2025President Ferdinand R. Marcos Jr. visits San Jose de Buenavista, Antique to provide financial assistance and livelihood grants to farmers and fishermen affected by El Niño on June 27, 2024. MANILA, Philippines — President Ferdinand Marcos Jr. has set the proposed national budget for 2025 at P6.352 trillion — a record-high outlay that captures the administration's macroeconomic targets and spending priorities in an election year. The proposed P6.532 spending plan for 2025, which Marcos approved during a Cabinet meeting on Tuesday, is at least 10% higher than the current year's P5.768 trillion budget. Education stands to get the lion's share of the proposed budget, as required by the 1987 Constitution. Pangandaman said the government is eyeing to submit the proposed budget to Congress on July 29, a week after Marcos' third State of the Nation Address.
Source:Philippine Star
July 02, 2024 14:37 UTC