SEC wants over 800 companies listed at the stock exchange by 2024

The Securities and Exchange Commission (SEC) is encouraging more companies to tap the capital markets, in hopes that there would be over 800 companies listed at the Philippine Stock Exchange (PSE) by 2024.    “We challenge ourselves that by the time we celebrate our 88th year anniversary on November 11, 2024, there are at least 888 companies that […]

Legend Capital Led a New Round of Investment of Etana

HONG KONG, Sep 14, 2021 – (ACN Newswire via – Legend Capital led a new round of investment of PT Etana Biotechnologies Indonesia (Etana), along with Innovent Biologics, Inc. (Innovent) (HKEX: 01801), and a consortium led by UOB Venture Management (UOBVM). This round of funds will be used to further strengthen the company’s production, […]

Legend Capital enjoys 4 MedTech IPOs in 1H2021, focusing on long-term and innovation investment

HONG KONG, Sep 10, 2021 – (ACN Newswire via – Recently, Berry Oncology, a company focusing on genomic testing of cancers in China, announced the completion of a US$99.15 million Series B1 financing round, with Legend Capital’s continuous support. This B1 financing round was led by China Merchants Capital Management Co., Ltd. Existing investors […]

June FDI bounces back

By Beatrice M. Laforga, Reporter  Foreign direct investments (FDI) rebounded in June on base effects and an improving economic landscape, according to the latest central bank data.  FDI net inflows surged by 60.4% to $833 million from a year earlier, based on preliminary data from the Bangko Sentral ng Pilipinas (BSP). The net inflows nearly doubled from $433 million a month earlier.  This pushed first-half FDI net inflows higher by 40.7% […]

CSRC makes a statement to promote cooperation on securities audit and supervision between China and the United States

New York, NY / TickerInsider / August 20, 2021 /  On August 20, China Securities Regulatory Commission (CSRC) held the 2021 system mid-year regulatory work conference to study and deploy the next phase of key work. Yi Huiman, Chairman of the CSRC, made a report entitled “Adhering to the stable and seeking progress and deepening […]

Quantum Solutions Co., Ltd. shifts to focus on the EV business for its core development and its EV development plans in China

HONG KONG, Aug 16, 2021 – (ACN Newswire via – According to the “Notice Regarding the Memorandum of Understanding for Capital and Business Alliance with Shanghai LingKang Consulting Co., Ltd.” dated 21 June 2021, Quantum Solutions Co., Ltd. (hereinafter referred to as the “Company”) signed a Memorandum of understanding with Shanghai LingKang Consulting Co., […]

Capital market operations to push through amid ECQ

Capital market participants are allowed to continue operations by implementing a skeleton workforce in their respective offices during the strict lockdown in Metro manila and nearby provinces.  “The Securities and Exchange Commission (SEC) assured the investing public and corporate sector that the domestic capital market will remain open during the enhanced community quarantine (ECQ),” the […]

Legend Capital invests in Series A funding round of BioMap, a biological computing platform

HONG KONG, Jul 30, 2021 – (ACN Newswire via – BioMap, a biological computing platform enterprise, has recently completed the Series A funding round worth over a hundred million US dollars, which Legend Capital participated in. The funds will be used to for R&D and talent recruitment. BioMap is positioned as an innovative medicine […]

Dook Media, a Full Copyright Operator, invested by Legend Capital Successfully Listed on the China GEM

HONG KONG, Jul 19, 2021 – (ACN Newswire via – On July 19th, Dook Media Group Limited (stock code: 301025), invested by Legend Capital, was successfully listed on the Growth Enterprise Market in China. With public offering of 40.01 million shares, the stock closed at RMB31.66 per share, up 1942% from its initial price. […]

Legend Capital continues to be optimistic about technological innovation, with great opportunities in tech investment

HONG KONG, Jul 14, 2021 – (ACN Newswire via – On July 8-9, 2021, Richard Li, the President of Legend Capital, attended the 10th Private Equity Investment Summit Forum held by Noah Holdings and delivered a speech on the topic of technological innovation, sharing his views on information technology, biotechnology and new energy, as […]

Liquor distributor bullish on imported spirits segment

Listed Da Vinci Capital Holdings, which will soon be renamed as The Keepers Holdings, Inc., is keen on expanding its imported spirits portfolio.    “The Keepers Holdings, Inc. is now the largest distributor of imported spirits in the Philippines,” Da Vinci Capital Holdings President Jose Paulino L. Santamarina said in a statement.  Citing a report by UK-based […]

Woven Capital Invests in Ridecell to Accelerate Global Growth in IoT-driven Automation for Mobility and Fleet Businesses

San Francisco and Tokyo, Jun 17, 2021 – (ACN Newswire via – Woven Capital, L.P. today announced that it has made an investment in Ridecell Inc., a leading platform powering digital transformations and IoT automation for fleet-driven businesses. Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, […]

SEC clears capital stock hike of AC Energy

The Securities and Exchange Commission has approved AC Energy Corp.’s (ACEN) capital hike, the listed firm told the local bourse on Friday.  ACEN increased its capital stock to P48.40 billion from the previous P24.40 billion, which would pave the way for the asset-for-share swap with AC Energy and Infrastructure Corp. for the latter’s international assets.  […]

BSP outlines credit-checking powers of non-stock S&L personnel

The Bangko Sentral ng Pilipinas (BSP) said it issued new rules Friday governing the credit-checking powers of non-stock savings and loan association (NSSLA) personnel. In circular no. 1118, the BSP said individual agents and sales representatives of NSSLAs can accept applications; conduct credit and background checks on applicants; appraise loan collateral except for loans to […]

Hermitage Capital appoints Henry Zhang, former JPM investment banker as President and Managing Partner

HONG KONG, May 19, 2021 – (ACN Newswire via – On May 18, Hermitage Capital announced that former J.P. Morgan investment banker Henry Zhang will be joining as the firm’s President and Managing Partner. Mr. Sean Xiang, Founder of Hermitage Capital and Mr. Henry Zhang, President of Hermitage Capital Henry Zhang has over a […]