BRIEF: Carote’s revenue jumps sharply in first three quarters
Kitchenware maker Carote Ltd. (2549.HK) announced on Monday that its revenue grew by 40% to 50% year-on-year in the first nine months of 2024, boosted by strong expansion for its…
X.J. Electrics cooks up Hong Kong IPO, hoping to follow Carote’s hot debut
The maker of electric kettles, garden hoses and other kitchenware will use proceeds from its planned listing to pay for new production bases in Thailand and Indonesia Key Takeaways: X.J.…
FAST NEWS: Carote surges in Hong Kong trading debut
The Latest: Shares of Carote Ltd. (2549.HK) opened at HK$9.50 in their Wednesday trading debut, 64.4% higher than their IPO price of HK$5.78, giving the kitchenware maker a market capitalization of…
BRIEF: Carote IPO could raise nearly $100 million
Kitchenware maker Carote Ltd. (2549.HK)launched its IPO on Monday with plans to sell nearly 130 million shares, including about 10% to Hong Kong-based investors. It set the offer price at…
CHINA BULLETIN: China Further Extends Its Welcome Mat for Foreign Investors
In this week’s issue banks get creative, a doctor gets probed, and Apple’s Tim Cook can’t get enough of China. On a scale of 1 to 100, we give the…
Carote cooks up big growth with own-brand strategy
With a young, second-generation management team in charge, the kitchenware maker has filed for a Hong Kong IPO to keep fueling its recent recipe for strong growth Key Takeaways: Carote’s…
