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Real-time News
March 10th news, on March 10th, Nayukis Tea (02150.HK) Hong Kong stocks plummeted, falling more than 25% during the session to HK$1.22, a new low since February 7. As of 14:10, Nayukis stock price was still down more than 20%. On the same day, Nayuki was officially removed from the Hong Kong Stock Connect list. Nayuki has been plagued by negative news recently. First, in the fourth quarter of last year, multiple shareholders continued to reduce their holdings, realizing a total of about HK$558 million. Last Friday, it issued a performance warning, and it is expected that the adjusted net loss will be about 880 million to 970 million yuan (RMB). The reporter also found that public funds have been continuously reducing their holdings in Nayuki as early as the second half of 2023.On March 10, Weilais organizational transformation entered the deep water zone. The company is re-evaluating the necessity of many businesses and projects based on long-term value combined with short-term business goals. Planning and discussions of more than 3 years will be considered too long-term. The focus of thinking now is how to maximize value creation (user benefits and operating efficiency) within 3 years. In this context, multiple departments of Weilais various business clusters will take the initiative to streamline and merge organizations based on the full-year operating goals in the near future, focusing resources on projects that can create value within 3 years. For example, Weilais mobile phone business has been significantly adjusted since December last year. The mobile phone software team has been incorporated into the digital cockpit team, and duplicate positions have been significantly merged and streamlined.German Green Party official Droege: If the CDU and SPD want our support, they must show that the investment will be used for climate and national development.German Green Party official Droege: It is recommended that Green Party members not vote in favor of the bill to (increase) spending.On March 10, ECB board member Kazimir said that in the face of persistent inflation risks, the ECB needs to keep an open mind on its next move. Kazimir said, "In the coming weeks, we must carefully evaluate all the upcoming data and supplement what we have learned with prudent judgment." He also said that this flexibility means "keeping all options, whether we decide to cut interest rates again or pause them." Kazimir said in a column, "Although the inflation trend is encouraging, I am still looking for undeniable evidence that the decline in inflation will continue." He said that now is "not the time to make automatic decisions or act hastily."
