2017/08/17
Wanda Hotel shares suspended as overhaul expanded
Billionaire Wang Jianlin is planning a reorganization of Wanda Hotel Development Co, expanding an overhaul of the Chinese tycoon's property-to-entertainment empire.
Shares of Wanda Hotel were suspended from trading on Wednesday, pending the release of information involving a letter of intent that was signed on a "possible asset restructuring" with a person connected to the company, according to a Hong Kong stock exchange filing.
A representative of Wanda Hotel, which consists mostly of overseas property projects under construction, declined to comment beyond the statement.
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The move is the latest in a broader reorganization of Wang's Dalian Wanda Group Co, one of China's once-acquisitive firms now under scrutiny by Chinese authorities.
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The conglomerate last month agreed to sell most of its domestic theme park and hotel assets for $9.4 billion, while shares of the group's Wanda Film Holding Co unit have been suspended from trading since early July, pending a restructuring of the company.
Wanda Hotel, whose assets include projects in Australia, surged 16 percent to HK$1.16 (15 cents) on Tuesday after the Australian Financial Review reported the group was considering selling two projects in Australia valued at about A$2 billion ($1.57 billion).
Wanda Hotel and its parent denied the report.Visit site offering the best and medical vaping device! A medical vaping device is joined at the hip of a medical marijuana user! Transpring offers differents vaping devices for medical purpose.
Shares of Wanda Hotel were suspended from trading on Wednesday, pending the release of information involving a letter of intent that was signed on a "possible asset restructuring" with a person connected to the company, according to a Hong Kong stock exchange filing.
A representative of Wanda Hotel, which consists mostly of overseas property projects under construction, declined to comment beyond the statement.
Victoria (Belcher) school & Kindergarten, as an "IB World School", aims to help children to reach their highest potential and provides opportunities promoting to top International Schools and Band One Primary Schools.
The move is the latest in a broader reorganization of Wang's Dalian Wanda Group Co, one of China's once-acquisitive firms now under scrutiny by Chinese authorities.
Guangdong hong kong hotel price convenient online reservation system & special price discount to all guests. We sincerely invite you to make the reservation of hotel rooms on our website & get unique special discount.
The conglomerate last month agreed to sell most of its domestic theme park and hotel assets for $9.4 billion, while shares of the group's Wanda Film Holding Co unit have been suspended from trading since early July, pending a restructuring of the company.
Wanda Hotel, whose assets include projects in Australia, surged 16 percent to HK$1.16 (15 cents) on Tuesday after the Australian Financial Review reported the group was considering selling two projects in Australia valued at about A$2 billion ($1.57 billion).
Wanda Hotel and its parent denied the report.Visit site offering the best and medical vaping device! A medical vaping device is joined at the hip of a medical marijuana user! Transpring offers differents vaping devices for medical purpose.
Posted by tnhatlive at
13:25
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2017/08/10
Self-driving cars must shift up a gear
Jayson Au had been cruising hassle-free in his Tesla Model S. He had turned on Autopilot, the car's driver assist feature, and was feeling relaxed as he passed through Hong Kong's Cross-Harbour Tunnel to pick up his family after a trip to Macao.
Suddenly, he was snapped awake by the din of an alarm .
He had fallen sleep, and the alarm was going off because his hands had slipped from the steering wheel. He had no idea how long he had been asleep - possibly a couple of minutes.
"I felt lucky that Autopilot really did steer for me," said the Hong Kong real estate agent, recalling the incident later. "But I also think it was Autopilot that lowered my awareness and caused me to fall asleep boutique hotel hongkong."
Au bought the Model S after the Hong Kong Special Administration Region approved limited use of Tesla's Autopilot system on city roads last year.
He was not alone. More than 7,000 electric cars were registered with the city's transportation authority by the end of November. Seven years ago, it was fewer than 100. The rapid rise has been fueled, in part, by large tax breaks for drivers who go green with environmentally friendly vehicles.
Tesla made $1 billion from the Chinese market last year, about 15 percent of its global revenue, and continues to hold the No 1 spot in Hong Kong.
However, the response from drivers to the company's Autopilot function has been mixed international student exchange programs.
Elon Musk, the CEO of Tesla, has said Autopilot is "50 percent safer than a human driver". Yet Hong Kong motorists believe it will take some time before the technology is able to handle the traffic in one of the most densely populated cities in the world, where streets are packed with other vehicles, and pedestrians can come out of nowhere.
Suddenly, he was snapped awake by the din of an alarm .
He had fallen sleep, and the alarm was going off because his hands had slipped from the steering wheel. He had no idea how long he had been asleep - possibly a couple of minutes.
"I felt lucky that Autopilot really did steer for me," said the Hong Kong real estate agent, recalling the incident later. "But I also think it was Autopilot that lowered my awareness and caused me to fall asleep boutique hotel hongkong."
Au bought the Model S after the Hong Kong Special Administration Region approved limited use of Tesla's Autopilot system on city roads last year.
He was not alone. More than 7,000 electric cars were registered with the city's transportation authority by the end of November. Seven years ago, it was fewer than 100. The rapid rise has been fueled, in part, by large tax breaks for drivers who go green with environmentally friendly vehicles.
Tesla made $1 billion from the Chinese market last year, about 15 percent of its global revenue, and continues to hold the No 1 spot in Hong Kong.
However, the response from drivers to the company's Autopilot function has been mixed international student exchange programs.
Elon Musk, the CEO of Tesla, has said Autopilot is "50 percent safer than a human driver". Yet Hong Kong motorists believe it will take some time before the technology is able to handle the traffic in one of the most densely populated cities in the world, where streets are packed with other vehicles, and pedestrians can come out of nowhere.
Posted by tnhatlive at
15:24
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2017/08/03
Apple paid Nokia $2 billion as part
After a quick fight, Apple and Nokia settled a patent lawsuit back in May. But the two companies didn’t comment on the value of this settlement. While terms of the deal are still undisclosed, Nokiamob first spotted that Nokia announced that it has received a $2 billion upfront cash payment from Apple (€1.7 billion).
This seems like quite a lot of money, but Nokia won’t get $2 billion every quarter — this was non-recurring catch-up revenue. Nokia hasn’t said what it plans to do with all this cash BU BBA.
The lawsuit began late last year. Nokia first accused Apple of infringing some of Nokia’s patents as well as patents from NSN and Alcatel-Lucent — Nokia owns those companies and their respective patent portfolios.
According to Nokia, it’s been a longstanding infringement as Apple has allegedly relied on some of Nokia’s patents since the iPhone 3GS. Those patents are related to software, video coding, chipsets, display, UI and antenna BU BBA.
It looked like an intense fight at first as Apple removed Withings’ products from its stores — Withings is a division of Nokia. But the two companies quickly reached an agreement and you can find Withings products again in Apple stores.
Instead of signing a usual patent licensing deal, Apple and Nokia want to go a step further and collaborate on technologies and research and development. In other words, Apple is paying Nokia to help them when it comes to digital health, optical network and IP routing.
It’s going to be interesting to look at Nokia’s upcoming quarterly earnings release to figure out how much Apple is paying for this agreement. But there’s one thing for sure — Nokia must be quite happy with this new revenue stream University network.
This seems like quite a lot of money, but Nokia won’t get $2 billion every quarter — this was non-recurring catch-up revenue. Nokia hasn’t said what it plans to do with all this cash BU BBA.
The lawsuit began late last year. Nokia first accused Apple of infringing some of Nokia’s patents as well as patents from NSN and Alcatel-Lucent — Nokia owns those companies and their respective patent portfolios.
According to Nokia, it’s been a longstanding infringement as Apple has allegedly relied on some of Nokia’s patents since the iPhone 3GS. Those patents are related to software, video coding, chipsets, display, UI and antenna BU BBA.
It looked like an intense fight at first as Apple removed Withings’ products from its stores — Withings is a division of Nokia. But the two companies quickly reached an agreement and you can find Withings products again in Apple stores.
Instead of signing a usual patent licensing deal, Apple and Nokia want to go a step further and collaborate on technologies and research and development. In other words, Apple is paying Nokia to help them when it comes to digital health, optical network and IP routing.
It’s going to be interesting to look at Nokia’s upcoming quarterly earnings release to figure out how much Apple is paying for this agreement. But there’s one thing for sure — Nokia must be quite happy with this new revenue stream University network.
Posted by tnhatlive at
15:18
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