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SHANGHAI, Sept. 13, 2024 /PRNewswire/ -- 111, Inc. ("111" or the "Company") (NASDAQ: YI), a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China, today was informed by co-founders of the Company, Dr. Gang Yu and Mr. Junling Liu, that they have started purchasing shares from time to time from their personal funds during the trading window and intend continue to purchase additional shares. The purchases will be executed on the open market at prevailing market prices, and the co-founders have sole discretion as to how much ADSs they will purchase. The co-founders currently beneficially own 42.7% of the total issued share capital of the Company. Alongside this announcement, 111 has continued to demonstrate strong financial performance, driven by its continuous innovation to strengthen its value. In August, the Company reported operational profitability for the second consecutive quarter, driven by increased operational efficiency that mitigated macroeconomic challenges. For the second quarter of 2024, 111's income from operations reached RMB3.3 million (US$0.5 million), compared to a loss from operations of RMB41.4 million in the same quarter of 2023. Non-GAAP income from operations was RMB8.5 million (US$1.2 million), up from non-GAAP loss from operations of RMB17.2 million in the same quarter of 2023. The Company also reported positive operating cash flow for the second consecutive quarter, reinforcing its financial stability. For more information about 111's financial performance for the second quarter of 2024 and a reconciliation of the non-GAAP financial measures to the most comparable U.S. GAAP measures, see the Company's earnings release for the second quarter ended June 30, 2024 published on August 29, 2024. Furthermore, 111's recent acquisition of four new patents, bringing its total to 28, enhances its competitive advantages in operational efficiency as well as support for long-term growth prospects. These technological advancements are critical in driving the digital transformation of the pharmaceutical industry, a core component of 111's strategic vision to reshape the healthcare value chain. The co-founders expressed their strong belief in the Company's potential, stating, "I am confident that the current market price of our ADSs does not accurately reflect the intrinsic value of our core businesses. I believe in the Company's vision of transforming healthcare through technology and innovation and am confident in the Company's continued future growth and development. I believe the stock price should better represent both the achievements we've made and the future opportunities we aim to capitalize on." The specific timing and amount of the purchases of the Company's shares by the co-founders may be made from time to time and it will be determined by the market and other conditions, securities law limitations and other applicable rules and regulations, including Rule 10b-5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended, to the extent applicable. Forward-Looking Statements This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident" and similar statements. 111 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company's ability comply with extensive and evolving regulatory requirements, its ability to compete effectively in the evolving PRC general health and wellness market, its ability to manage the growth of its business and expansion plans, its ability to achieve or maintain profitability in the future, its ability to control the risks associated with its pharmaceutical retail and wholesale businesses, and the Company's ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq's continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and 111 does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law. About 111, Inc. 111, Inc. (NASDAQ: YI) ("111" or the "Company") is a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China. The Company provides consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy, 1 Pharmacy, and indirectly through its offline virtual pharmacy network. The Company also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation, electronic prescription service, and patient management service. In addition, the Company's online platform, 1 Medicine, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. With the largest virtual pharmacy network in China, 111 enables offline pharmacies to better serve their customers with cloud-based services. 111 also provides an omni-channel drug commercialization platform to its strategic partners, which includes services such as digital marketing, patient education, data analytics, and pricing monitoring. For more information on 111, please visit: http://ir.111.com.cn/.
Acquisition will enable Actian, a division of HCLSoftware, to offer customers a complete data ecosystem SANTA CLARA, Calif., Sept. 13, 2024 /PRNewswire/ -- HCLSoftware, the software business division of HCLTech, today announced that it completed the acquisition of Zeenea, an innovator in data catalog and governance solutions based in Paris, France. The acquisition of Zeenea enables Actian, a division of HCLSoftware, to offer a unified data intelligence and governance solution that empowers customers to seamlessly discover, govern, and maximize the value of their data assets. It also further extends Actian's presence, workforce, and customer base in Europe. "To become data-driven, organizations of all sizes need data governance to ensure the most effective and efficient use of quality data throughout its life cycle," said Marc Potter, CEO at Actian. "With Zeenea as part of our portfolio, Actian offers customers a complete data ecosystem – making Actian a one-stop shop for all things data. Together, we will help our customers propel their GenAI and analytics initiatives forward by boosting confidence in data preparation and enhancing data readiness." According to ISG Research, 85% of enterprises believe that investment in generative AI technology in the next 24 months is critical. Data governance and data quality work in tandem to ensure the data feeding the GenAI solutions is accurate, complete, fit-for-purpose, and used according to governance policies. Zeenea is recognized for its cloud-native Data Discovery Platform with universal connectivity that supports metadata management applications from search and exploration to data catalog, lineage, governance, compliance and enterprise data marketplace. Powered by an adaptive knowledge graph, Zeenea enables organizations to democratize data access and generate a 360-degree view of their assets, including the relationships between them. About Actian Actian makes data easy. We deliver a complete data solution that simplifies how people connect, manage, govern and analyze data. We transform business by enabling customers to make confident, intelligent, data-driven decisions that accelerate their organization's growth. Our data platform integrates seamlessly, performs reliably, and delivers industry-leading speeds at an affordable cost. Actian is a division of HCLSoftware. About HCLSoftware HCLSoftware is the software business division of HCLTech, serving more than 7,000 organizations in 130 countries in five key areas: Data and Analytics; Business and Industry Applications (including Commerce, MarTech Automation); Intelligent Operations; Total Experience; and Cybersecurity. https://www.hcl-software.com/
SHENZHEN, China, Sept. 12, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced the acquisition of HOLDCO 36 in a transformational business combination. The closing of the all-stock acquisition is subject to customary closing conditions, including regulatory approvals. Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu, commented, "As part of our active M&A process, we have evaluated a series of potential transactions, with regard to long-term potential, valuation, and alignment with building shareholder value. We are excited about the proposed acquisition of HOLDCO 36 because it would immediately transform our business into higher growth, burgeoning market segments with a favorable regulatory environment and underlying demand catalysts. Upon successful deal closure and integration, we would expect to see a meaningful creation of value for all shareholders." For assets and projects being injected, parties are with explicit understanding that the projects contributed by HOLDCO 36 and their conditions may change but new projects are always being secured and developed to either be added or be replacing non-active ones. Initial business assets and operations being acquired are expected to include: Green Fuel Smart Trading Platform: A comprehensive global distribution platform for biofuels, natural gas, hydrogen-based fuels, methanol, and related equipment. This platform aims to establish itself as the OPEC of green biofuels, facilitating the trade and distribution of sustainable fuel sources worldwide. EPC+O: Engineering, Procurement, Construction, and Operations for biomass energy, and new energy systems such as wind, solar, storage, hydrogen, and ammonia EPC engineering productions systems. Using the existing ECaaS to provide distributed biomass "carbon-electricity-biomass energy" co-generation solutions. The business provides wind, solar, storage, green hydrogen, and green ammonia and green fuel EPC consulting services to clients in Americas, Asia, Africa and Europe. Power Leasing and Energy: Developed an intelligent financial service platform for sales and lease financing for green and lightweight vessels, maritime equipment and lightweight materials for vessels. Digital Energy Services Segment for the Steel Industry: Innovating a smart virtual power plant for closed-loop virtual scenarios targeting steel mills worldwide, supporting local distributed energy operations and usage. Managing national zero-carbon industrial parks for the steel industry and voluntary carbon reduction, which provides carbon credit, supply chain carbon verification, green certificate trading and verification. About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ) Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company's regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors' fleets. For more information, please visit ir.szygmz.com. Forward-Looking Statements The statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words "may", "will", "want", "should", "believe", "expect", "anticipate", "estimate", "calculate" or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company's strategic objectives, the Company's future plans, market demand and user acceptance of the Company's products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China's macroeconomic conditions, and the risks and assumptions disclosed in the Company's reports provided to the CSRC (China Security Regulatory Commission). The potential acquisition involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including but not limited to statements about the potential benefits of the potential acquisition; the anticipated timing of closing of the potential acquisition (including failure to obtain necessary regulatory approvals) and the possibility that the potential acquisition does not close; risks related to the ability to realize the anticipated benefits of the potential acquisition, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the potential acquisition making it more difficult to maintain business and operational relationships; negative effects of announcing the potential acquisition or the consummation of the potential acquisition on the market price of our common stock or operating results; costs associated with the potential acquisition; unknown liabilities; and the risk of litigation and/or regulatory actions related to the potential acquisition. For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company's relevant SEC filings for additional factors that may affect the Company's future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.
NEW YORK and SHENZHEN, China, Sept. 12, 2024 /PRNewswire/ -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ) and Oxylus Global Inc ("Oxylus") today announced they have mutually agreed to terminate the acquisition proposed on May 31, 2024 due to uncertainties around securing required regulatory approvals in a timely manner. The agreement shall be terminated and be of no further force or effect, and no party thereto shall have any continuing liabilities, damages, or obligations to the other party. MingZhu Logistics Holdings noted it expects to now move forward with alternative options as part of its continued aggressive business diversification and growth acceleration strategy. About MingZhu Logistics Holdings Limited (Nasdaq: YGMZ)Established in 2002 and headquartered in Shenzhen, China, MingZhu Logistics Holdings Limited is a 4A-rated professional trucking service provider. Based on the Company's regional logistics terminals in Guangdong Province, MingZhu Logistics Holdings offers tailored solutions to our clients to deliver their goods through our network density and broad geographic coverage across the country by a combination of self-owned fleets tractors and trailers and subcontractors' fleets. For more information, please visit ir.szygmz.com. Forward-Looking StatementsThe statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding plans, goals, objectives, strategies, future events, expected performance, assumptions and any other statements of fact that have not occurred. Any statements that contain the words "may", "will", "want", "should", "believe", "expect", "anticipate", "estimate", "calculate" or similar statements that are not factual in nature are to be considered forward-looking statements. Actual results may differ materially from historical results or from those expressed in these forward-looking statements as a result of a variety of factors. These factors include, but are not limited to, the Company's strategic objectives, the Company's future plans, market demand and user acceptance of the Company's products or services, technological advances, economic trends, the growth of the trucking services market in China, the Company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, fluctuations in China's macroeconomic conditions, and the risks and assumptions disclosed in the Company's reports provided to the CSRC (China Security Regulatory Commission). The potential acquisition involves substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements including but not limited to statements about the potential benefits of the potential acquisition; the anticipated timing of closing of the potential acquisition (including failure to obtain necessary regulatory approvals) and the possibility that the potential acquisition does not close; risks related to the ability to realize the anticipated benefits of the potential acquisition, including the possibility that the expected benefits from the proposed transaction will not be realized or will not be realized within the expected time period; the risk that the businesses will not be integrated successfully; disruption from the potential acquisition making it more difficult to maintain business and operational relationships; negative effects of announcing the potential acquisition or the consummation of the potential acquisition on the market price of our common stock or operating results; costs associated with the potential acquisition; unknown liabilities; and the risk of litigation and/or regulatory actions related to the potential acquisition. For these and other related reasons, we advise investors not to place any reliance on these forward-looking statements, and we urge investors to review the Company's relevant SEC filings for additional factors that may affect the Company's future results of operations. The Company undertakes no obligation to publicly revise these forward-looking statements subsequent to the filing of these documents as a result of changes in particular events or circumstances.
FUZHOU, China, Sept. 12, 2024 /PRNewswire/ -- E-Home Household Services Holdings Limited (NASDAQ:EJH) (the "Company" or "eHome"), an integrated home services provider in China, announced today that after the detailed business and market due diligence conducted by the Company and the detailed business and market due diligence conducted by New Zealand's NBL Pharmaceuticals (New Zealand) Limited ("NBL Corp.") from February 2024 to the present, the Company's subsidiary, Zhongrun (Fujian) Pharmaceutical Co., Ltd. intends to merge with NBL Pharmaceuticals of New Zealand in December this year, and the two parties have signed a cooperation agreement to expand the overseas market and improve the overall competitiveness of the Company before the formal merger is completed. NBL Pharmaceuticals (New Zealand) Limited is located in Auckland, New Zealand, with advanced fully automated production lines. In order to meet the clean requirements of different production workshops, and to ensure the low temperature and low humidity requirements of special production processes, all the workshops comply with the dust-free standards of international ISO, New Zealand GMP, GB, and the GMP level 100,000 class dust-free workshop, which is in line with the international GMP standards for the construction of the workshop, with the total area of the factory covering more than 5,000 square meters, and the area of purification workshop exceeding more than 2,200 square meters. The three main production workshops are equipped with independent purification air-conditioning system, 10 sets of independent HVAC system, mainly producing powder and softgel capsules of fish oil, vitamins, anti-aging and other health care drugs. Mr. Wenshan Xie, Chairman and CEO of E-Home, commented: "The signing of the cooperation agreement between E-Home's subsidiary, Zhongrun (Fujian) Pharmaceutical Co., Ltd. and NBL Pharmaceuticals (New Zealand) Limited is the result of E-Home's response to the company's overseas strategic layout based on the company's strategic development needs. layout, bringing numerous business opportunities for the company and further deepening the exchange and cooperation with overseas markets. The combination of Zhongrun (Fujian) Pharmaceutical Co., Ltd. and NBL Corp. can create a scaled healthcare drug portfolio and fist products, building a good complementary and synergistic advantage of Chinese and international resources. After half a year of market research, the company signed a cooperation agreement with NBL Corp. of New Zealand. The signing of this agreement is an important decision in the development of the company, which is in line with the company's long-term planning and internationalization strategy layout needs, and is conducive to help the company establish a wider range of partnerships globally and enhance the influence of the company's brand. In the future, the Company will continue to maintain joint development with global partners, provide better quality products and services for global users, and fully promote the implementation of this strategic decision." About E-Home Household Service Holdings Limited Established in 2014, E-Home Household Service Holdings Limited is a Nasdaq-listed household service company based in Fuzhou, China. The Company, through its website and WeChat platform "e-home", provides integrated household services, including 1) Installation and maintenance of home appliances and smart homes; 2) Housekeeping, nanny, confinement nurse and cleaning services; 3) Internet elderly care + home-based elderly care; 4) Cleaning of public establishments. After years of development, the Company has formed two main services and two auxiliary services targeting at individual consumers (ToC) and business clients (ToB), with two important subsidiaries. 1) The ToC business focuses on nanny, confinement nurse, home-based elderly care and cleaning, and family comprehensive service supplemented by other housekeeping services. At present, it has successfully connected with metaverse technology to realize metaverse-based customer service as well as training of domestic workers. 2) The ToB business focuses on public cleaning and cleaning robotic equipment. In addition, we have two subsidiaries: 1. Zhongrun Pharmaceutical, which integrates pharmaceutical warehousing, distribution, wholesaling, retailing and online sales; 2. Chuang Ying Business School: corporate president class training, in-house training, business consulting and counseling, and policy counseling. E-Home has become a modern enterprise of comprehensive service for family life. The Company always adheres to the business philosophy of "solving every issue of customers with heart", and to the code of conduct of "doing everything well with heart". The Company aims to set the benchmark of the household service industry. For more information, visit the Company's website at http://www.ej111.com/ir.html. Forward-Looking Statement All statements other than statements of historical fact in this announcement are forward-looking statements in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions are intended to identify such forward-looking statements. 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. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to consider risk factors, including those described in the Company's filings with the SEC, that may affect the Company's future results. All forward-looking statements attributable to the Company and its subsidiaries or persons acting on their behalf are expressly qualified in their entirety by these risk factors.
BRISBANE, Australia, Sept. 12, 2024 /PRNewswire/ -- White Rook Cyber is excited to announce they have strategically merged with the privately owned Screwloose IT (SL). The merger of White Rook Cyber, a premium industry leader in Cyber Security, Offensive Security (including penetration testing and technical security) and GRC Advisory Services (including compliance auditing and technical security) and Managed Security Services, and SL, a national managed IT services provider who has a strong focus on cyber platforms, allows national expansion and enhanced capabilities for both White Rook Cyber and SL clients. Customers are now able to access a complete premium Managed Cyber (in house) solution with high end reporting (white label available) which is integrated with MS security baselines, within an inhouse 24/7 SOC/SIEM, email protection and phishing protection, high level EDR with advanced browser level security, Systems Patching Controls, structured Security Awareness Program and the introduction of a cost effective GRC service offering all included for a fraction of the cost of other competitors. This strategic merger further allows White Rook clients the ability to have a one stop shop for all their digital needs. In addition to the above, this merger further enables clients easy access to SL's full service offering, which includes but is not limited to: 30+ technicians/incident responders Premium Cisco & Microsoft Partnerships In house Dev team, who specialise in software development and website development Digital marketing – website hosting, SEO, PPC and graphics Telecommunications – NBN, phone lines and WiFi Physical security measures – access control, alarm systems, CCTV cameras, Data Cabling and TV antennas IT Managed Services – including cloud hosting and services ERP/Greentree support And more! General Manger of SL, Alex Niazov, stated "we are excited to welcome White Rook Cyber to the SL family and to mutually expand both companies service capabilities". About White Rook Cyber White Rook Cyber is an Australian company reshaping how clients build digital resilience and cyber security capability through Awareness, Advisory, Leadership and Training. Our focus is on understanding cyber security vulnerabilities and gaps within your environment, across business, people, processes, and technology. At our core, we care about keeping you safe! We look into all possible areas of concern, from easy-to-spot issues to hidden dangers. This includes everything, from information that's accidentally been made public, to the potential loss of important data. We actively take steps to secure every possible entry point, thus minimizing the risk of a cyber attack. About Screwloose IT Screwloose IT works a little differently to most companies. Our service and success is attributed to the simplicity of our systems and processes. No politics, no sales reps, no lock-in contracts. Just high-quality IT solutions. Managed IT Services - We proactively monitor and support every aspect of your business's technology to prevent problems before they arise and resolve them quickly and efficiently. Hosting & Cloud Solutions - Our hosting and private cloud solutions are built for agility, enhanced productivity, and cost reduction. ERP Consulting - We can support you with a range of ERP options to help power better decision making and drive profits and improve your oversite and business workflows. Custom Development - Custom applications and software; unique websites; mobile apps and more. We help you build solutions that meet your business goals. Digital Marketing & SEO - Take the guess work out of lead generation. We create and manage a digital marketing solution that you can rely on to grow your business. Telco Solutions - NBN, Fibre Internet, Fixed Wireless, Hosted PBX, VoIP, and more.
A12 藝術空間
Acquisitions, mergers, takeovers
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