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Asian stocks: Japan tumbles as BOJ vows more rate hikes, China rebound stalls
Investing.com-- Most Asian stocks were muted on Thursday as Japanese shares plummeted after the Bank of Japan flagged more interest rate hikes, while a rebound in Chinese markets stalled on more underInvesting.com
Thu, Aug 1
Hans Energy Completes the Acquisition of 54.44% Equity Shares of BTHL Striving to Promote Citybus' New Energy Transportation Business Development and Achieve Business Diversification Aiming to Crea
(31 July 2024, Hong Kong) - Hans Energy Company Limited (“Hans Energy” or the “Company”) and its subsidiaries (the “Group”) (stock code: 554.HK), the leading operator in the energy industry, is pleased to announce that, regarding the acquisition of 54.44% of equity shares of Citybus’ parent company, Bravo Transport Holdings Limited (“BTHL”), all the conditions precedent set out in the acquisition agreement have been fulfilled and the completion took place on 31 July 2024. Following the completion, Hans Energy owns 70% of the equity shares of BTHL, and BTHL becomes an indirect non-wholly owned subsidiary of the Company.According to the acquisition agreement, the 278,915,965 consideration shares have been allotted and issued by the Company to Templewater Bravo Holdings Limited (“TWB Holdings”) . After completion of the acquisition, TWB Holdings will own 6.59% of the equity shares of Hans Energy. As part of the transaction, Hans Energy will have the right to exercise a call option to further acquire the remaining 30% of BTHL's shares from TWB Holdings within the next five years. Additionally, Templewater will have the option to sell its shares to Hans Energy between 2029 and 2031. Anglo Chinese Corporate Finance acted as the sole financial adviser of Hans Energy for the transaction.Hans Energy has actively transitioned from the traditional energy industry to the new energy sector in recent years, using BTHL as a foundation and launch platform to achieve a diversified strategy. Mr Yang Dong, CEO of Hans Energy said: “To align with government's “Strategy of Hydrogen Development in Hong Kong" the Group will actively explore cooperation with major technology suppliers in the hydrogen energy industry. By participating in the investment in the construction of Hong Kong's first hydrogen refueling station in West Kowloon, we are committed to promoting the application of hydrogen energy in public transportation in Hong Kong, China. At the same time, we will actively promote the green development of Citybus, accelerate the environmental upgrade of the operating fleet, and enhance operational efficiency.”Mr Yang added, “In addition to actively expanding Citybus' new energy transportation business, the Group will leverage its resources to assist Citybus in expanding into overseas transportation projects, thereby enhancing Citybus' business advantages. Meanwhile, Bravo Media, a wholly owned subsidiary of BTHL Holdings engaged in the advertising business, has seen promising business development in recent years and has secured a contract with a Hong Kong railway operator to provide advertising sales agency services for certain railway lines and buses operated by this railway operator. Therefore, we firmly believe that this successful acquisition will inject strong momentum into the Group's future development, pioneering hydrogen energy transportation solutions. This will elevate BTHL to become one of the world's leading public transportation operators, create new business growth, and generate better returns for shareholders.”-Ends-About Hans Energy Company Limited (Stock code: 554.HK)Hans Energy Company Limited is a leading operator in providing integrated facilities of jetties, storage tanks, warehousing and logistic services in south China for petroleum and liquid chemicals products and offering value-added services in its ports and storage tank farms, trading of oil and petrochemical products, and operating and leasing of a filling station related business.If you have any media enquiries, please contact LBS Communications Consulting Limited.Joanne Chan Tel：(852)3679 3671 Email：jchan@lbs-comm.comFelix Wong Tel：(852)3752 2675 Email：felixwong@lbs-comm.com01/08/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Wed, Jul 31
Spectral Capital Corporation (FCCN) Unveils Quantum Bridge Program to Propel Quantum Computing Innovations
New York, Spectral Capital Corporation (FCCN), led by Chairman and Board of Director Sean Michael Brehm, proudly announces the launch of its pioneering Quantum Bridge Program. This initiative is set to accelerate the development and commercialization of quantum computing technologies, bridging the gap between cutting-edge research and real-world applications.Caption: Board of Director Sean Michael BrehmQuantum computing, a revolutionary field leveraging the principles of quantum mechanics, promises to perform computations far beyond the reach of classical computers. With transformative potential across diverse sectors, from cryptography to drug discovery, quantum computing is poised to redefine technology and industry. However, the journey to practical implementation is challenging, involving technological complexities, high development costs, and a shortage of skilled professionals."The Quantum Bridge Program is designed to fast-track the development of quantum computing technologies," said Sean Michael Brehm, Chairman and Independent Director of Spectral Capital. "Our goal is to create a launchpad for startups, providing them with comprehensive support to succeed—from technical assistance and funding to educational resources and industry connections."Spectral Capital’s Quantum Bridge Program aims to address these challenges by fostering collaboration and building a robust ecosystem for quantum innovation. The initiative offers a holistic suite of services to startups, including access to funding, expert mentorship, and partnerships with academic institutions and established tech companies. This comprehensive support accelerates research and development efforts, helping startups transition from the lab to the market."We saw the immense potential of quantum computing to solve problems that traditional computers can't handle," Brehm added. "From simulating new materials to revolutionizing cryptography, the possibilities are endless. The Quantum Bridge Program was born from our desire to bridge the gap between cutting-edge quantum research and real-world applications."In addition to technical and financial support, the Quantum Bridge Program focuses on public outreach to demystify quantum computing and generate excitement around its potential. By showcasing real-world results and success stories, Spectral Capital aims to build trust and demonstrate the significant value that quantum computing can bring to various industries.Looking ahead, Spectral Capital aspires to catalyze a quantum revolution impacting all sectors of the economy. The ultimate goal of the Quantum Bridge Program is to support startups in becoming market leaders, pushing the boundaries of what is possible and creating a more equitable and innovative future."We invite anyone interested—whether you're a startup, an investor, or a researcher—to join us in this exciting journey," Brehm concluded. "Together, we can shape the future of technology and ensure that quantum innovations are accessible and impactful."Media Contact:Name: Anna StukkertPhone: +49 162 2328333Spectral Capitalspectralcapital.comcontact@spectralcapital.com31/07/2024 Dissemination of a Financial Press Release, transmitted by EQS News.The issuer is solely responsible for the content of this announcement.Media archive at www.todayir.comEQS
Jul 31, 2024
Starbucks reports in-line Q3 earnings as sales miss on China weakness; shares up
Investing.com - Starbucks reported Tuesday mixed fiscal third-quarter results, with earnings matching and revenue missing Wall Street estimates as weaker sales in China weighed. Starbucks CorporationInvesting.com
Jul 31, 2024
ASML shares jump on U.S. exemption from China chip export restrictions - Reuters
Investing.com – ASML (AS:ASML) shares jumped on Wednesday after Reuters reported that the U.S. will exempt some allied countries from new restrictions on chip equipment exports to China.The Biden admiInvesting.com
Jul 31, 2024
