Tag: Stock Exchange

Business

SF Intra-city (9699.HK) Intends to Continue Shares Repurchase

Jun 11, 2024 by Sujata Muguda 0 Comments #Hong Kong, #Ltd, #m Hangzhou SF Intra-city Industrial Co., #SF Intra-city, #Stock Exchange

HONG KONG, June 11, 2024  — Hangzhou SF Intra-city Industrial Co., Ltd. , China’s largest third-party on-demand delivery service provider, is pleased to announce that the Board of Directors intends to continue to conduct H Shares repurchases by utilising the Share Repurchase Mandate and repurchase H shares in the open market from time to time by using the remainder of the HK$200 million limit for repurchasing H shares as announced in 19 October 2023, which is approximately HK$37 million.

On 19 October 2023, the Board of the Group decided to utilise the 2023 Share Repurchase Mandate passed at the 2022 annual general meeting of the Company held on 6 June 2023 and, it plans to repurchase H shares in the open market from time to time by using up to HK$200 million limit. As at 6 June 2023, the Company had used a total of HK$163,109,888.01 to repurchase 16,082,200 H shares. The H shares repurchased by the Company before 11 June 2024 (being the date on which the proposed amendments to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited relating to treasury shares will come into effect) shall be cancelled in due course.

Pursuant to the 2023 annual general meeting of SF Intra-city held on 6 June 2024, the Board was granted the powers under the general mandate (the “Share Repurchase Mandate”) to repurchase the H Shares. And the Board announced on 6 June 2024, to continue to conduct H shares repurchases by utilising the Share Repurchase Mandate and repurchase H shares in the open market from time to time by using the remainder of the HK$200 million limit for repurchasing H shares as announced in 19 October 2023, which the remainder is approximately HK$37 million.

The Proposed Share Repurchase is intended to be financed by the Group’s own financial resources other than proceeds from the listing of the H Shares on the Main Board of The Stock Exchange of Hong Kong Limited in December 2021. The Group believes that the current financial resources of the Company would able to implement the Proposed Share Repurchase while maintaining a solid financial position.

The Group believes that a share repurchase in the present market conditions will demonstrate the Company’s confidence in its own business outlook and prospects and would, ultimately, benefit the Group and create value for the shareholders.

SF Intra-city stated that the share repurchase demonstrates the Group’s confidence in its business development and prospects, conveying a positive signal to the market and investors. It will enhance investors’ understanding of the Company’s potential to increase earnings per share and improve the attractiveness of the Group’s financial indicators. This aims to deliver greater value and returns to its shareholders and investors.

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Business

NSE,India’s Largest Stock Exchange LeveragesQlik

Jun 1, 2022 by Agency 0 Comments #LeveragesQlik, #NSE, #Stock Exchange

Qlik® announced that National Stock Exchange of India Ltd. (NSE), based in Mumbai, is utilizingQlik to support and augment its regulatory capabilities. Qlik supports multiple teams within NSE to drive efficiencies and provide insights for facilitating data-informed decisions.

NSE plays a critical role in the Indian financial market’s ecosystem. In addition to providing a trading platform with cutting edge technology, clearing and settlement services, indices, and a market data feed, it is a front-line regulator and has a pivotal role in compliance monitoringfor about 1,100 trading members and 2,000 listed companies.

Apart from running the vital capital market infrastructure of the country, NSE as an exchange has been entrusted with the key responsibility of regulating trading members and listed companies, for which NSE has put in place by-laws, rules and regulations relating to member registration, securities listing and compliance, market surveillance and investigation, inspectionand enforcement as well as investor services.

NSE uses Qlik’s analytics to integrate data inputs from numerous databases, including trading data, clearing and settlement data, reporting by members, risk management services and client data. The Qlik Associative Engine allows for associations to be made from multiple datasets, enabling NSE to generate insights from all their data collectively and run comprehensive reporting for regulatory purposes. These associative insights built into their dashboards help the team to quickly be alerted on risk areas so they can take informed decisions.

“Data utilization is very important for NSE. We wanted to be able to have a single view of our data and be able to analyze it very intuitively,” said DrDinesh Kumar Soni, Senior Vice President, Regulatory Group at NSE. “With Qlik, we have been able to integrate our data on a singleplatform, reduce the time taken for reporting and quickly identify risk areas. The technology supports our teams so that they can concentrate on the actions they need to take rather than spending time putting data together and generating reports.”

With Qlik, NSE has significantly reduced the time needed to integrate and load data. Manual tasks have been greatly reduced and tasks that used to take 3-6 hours can now be completed within 30 minutes. This has aided the regulatory teams of NSE in driving better efficiencies by facilitating data analysis and improved decision-making capabilities. Qlik has also empowered non-technical NSE team members to create and use their own reports with no-code solutions and natural language processing.

“Qlik enables the team to process large volume of data from multiple sources swiftly. The best part of implementing the Qlik platform is seeing how users can interact with data using dynamic visualizations. We can look at the data from a bird’s eye view or single data points with a few simple clicks. This empowers our teams to draw meaningful inferences and make smarter decisions,” addedDrSoni.

“We are delighted to help the National Stock Exchange of India implementQlik to manage regulatory compliance proficiently. Qlik is known for its ability to bring data together in large complex environments, and customers like NSE are testament to the strength of our platform in bringing data together and being able to utilize it for fine-tuning decisions and business processes,” said Varun Babbar, Managing Director, India, Qlik.