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National Post
23-05-2025
- Business
- National Post
Jamieson Wellness Inc. Announces Redemption of Series A Preference Shares
Article content TORONTO — Jamieson Wellness Inc. ('Jamieson Wellness' or the 'Company') (TSX: JWEL) today announced that it will redeem its outstanding 2,527,121 Series A Preference Shares (the 'Preference Shares') currently held by an affiliate of DCP Capital Partners ('DCP') in connection with DCP's 2023 investment in the Company's Chinese business. The redemption will be effective on or about June 4, 2025 (the 'Redemption Date') and will be completed at a price of $40.19 per Preference Share for aggregate liquidation proceeds of $101,565,000. The Preference Shares are being redeemed in accordance with the terms of the contract, which provided DCP with the option to transact such redemption after the second anniversary of the issue date. Article content Article content 'As committed partners in Jamieson's China business and warrant holders, we maintain strong conviction in the Company's fundamentals and growth trajectory,' said Hwan Yoon Chung, Managing Director of DCP. 'In China, Jamieson has emerged as a formidable brand, taking significant market share from established competitors. Together, we have built a high-performing team that is capitalizing on China's rapidly evolving consumer landscape, positioning both Jamieson Wellness and DCP for continued success in this substantial market. The redemption of our Preference Shares reflects our fund's mandated investment cycle, and we are thrilled to continue our partnership via our investment in the Chinese business and our warrants. DCP has been investing in health and wellness in China for more than 30 years, and our continuing partnership with Jamieson allows us to participate in promising growth opportunities in the global VMS market.' Article content 'Our partnership with DCP has been transformative for our China business, which grew over 50% in Q1, and nearly 80% in 2024,' said Mike Pilato, President and CEO of Jamieson Wellness. 'Together, we've established Jamieson as a respected brand in the world's second-largest VMS market, leveraging DCP's deep experience strengthening brands in China and e-commerce expertise. Their strategic counsel and local market knowledge have assisted in building an exceptional team with outstanding capabilities. The growth we're seeing in the Chinese market today isn't a temporary spike but a clear, sustainable trend that validates our strategy. The redemption of DCP's Preference Shares was included in our assumptions for 2025, and our outlook remains unchanged. With our foundation firmly in place and our complementary strengths aligned, we look forward to our continued partnership with DCP as we scale our presence in this critical market that we expect will represent a larger portion of our business in the coming years.' Article content About Jamieson Wellness Inc. Article content Jamieson Wellness is dedicated to Inspiring Better Lives Every Day with its portfolio of innovative natural health brands. Established in 1922, the Jamieson brand is Canada's #1 vitamins, minerals and supplements ('VMS') brand. The Company's youtheory brand, acquired in 2022, is an established and growing lifestyle brand in the U.S. Combined, these global brands are available in more than 50 countries worldwide. The Company also offers a variety of innovative VMS products as well as sports nutrition products to consumers in Canada with its Progressive, Smart Solutions, Iron Vegan and Precision brands. The Company is a participant of the United Nations Global Compact and adheres to its principles-based approach to responsible business. For more information please visit Article content Jamieson Wellness' head office is located at 1 Adelaide Street East Suite 2200, Toronto, Ontario, Canada. Article content Forward Looking Information Article content This media release may contain forward-looking information within the meaning of applicable securities legislation. Such information includes, but is not limited to, statements related to the Company's future plans, goals, strategies, intentions, beliefs, objectives, economic performance or expectations, including with respect to its partnership with DCP Capital Partners and its effects on the Company's business, financial condition, results of operations and shareholders. Article content Words such as 'expect', 'look forward', 'intend', 'may', 'will', 'believe', 'estimate' and variations of such words and similar expressions are intended to identify such forward-looking information. Forward-looking information reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's Annual Information Form dated March 31, 2025 and under the 'Summary of Factors Affecting Our Performance', 'Forward Looking Information', Risk Factors', and 'Outlook' in the management discussion and analysis of financial condition and results of operations of the Company filed May 8, 2025 (the 'MD&A'), both of which are available on the Company's profile on SEDAR+ at This information is based on the Company's reasonable assumptions and beliefs in light of the information currently available to it and the statements are made as of the date of this press release. The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law or regulatory authority. Article content The Company cautions that the list of risk factors and uncertainties is not exhaustive and other factors could also adversely affect the Company's results. Readers are urged to consider the risks, uncertainties and assumptions associated with these statements carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. See 'Forward-looking Information' and 'Risk Factors' within the MD&A for a discussion of the uncertainties, risks and assumptions associated with these statements. Article content Article content Article content Article content Article content Contacts Article content Article content Article content
Yahoo
17-05-2025
- Business
- Yahoo
Nvidia CEO says next chip after H20 for China won't be from Hopper series
By Wen-Yee Lee TAIPEI (Reuters) -Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but it will not put out another version of the Hopper chip, CEO Jensen Huang said on Saturday. Asked what their next chip for China after the H20 was, he said: "It's not Hopper because it's not possible to modify Hopper anymore," Huang said, according to a livestream posted by Taiwan's Formosa TV News network. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
17-05-2025
- Business
- Reuters
Nvidia CEO says next chip after H20 for China won't be from Hopper series
TAIPEI, May 17 (Reuters) - Nvidia is evaluating how to address the China market after the U.S. government placed limits on sales of its Hopper H20 chip there but it will not put out another version of the Hopper chip, CEO Jensen Huang said on Saturday. Asked what their next chip for China after the H20 was, he said: "It's not Hopper because it's not possible to modify Hopper anymore," Huang said, according to a livestream posted by Taiwan's Formosa TV News network.
The Independent
16-05-2025
- Automotive
- The Independent
Despite turbulence, foreign firms keen on investment
Despite all the headwinds in global markets, foreign firms' interest in further tapping into the Chinese market seems unchanged, with US life sciences company Danaher Corp being among them. In mid-March, Leica Microsystems, which became part of Danaher in 2005, signed agreements with Shanghai Jinqiao Group to invest 200 million yuan (£20.72 million) to expand a manufacturing and R&D base in Shanghai's Pudong New Area. About 60 per cent of Leica Microsystems' business will realise localisation once the expansion is completed next year. In addition, Cytiva, a biotechnology company under Danaher, saw its Pudong-based China innovation centre inaugurate a new cell culture development base in March with an investment of around 20 million yuan. Peng Yang, president of Danaher China, said the reason for the company's recent expansion is simple: 'We have never seen the ceiling of reform in Pudong.' Danaher is not the only company showing unchanged confidence in the growth outlook in Pudong, and on a broader perspective, in China. During a promotion conference held on 18 April, which also celebrated the 35th anniversary of Pudong's reform and opening-up, four multinational companies signed agreements with the local administration to land new projects in Pudong. These include the 600 million yuan (£62.47 million) headquarters project by Japanese industrial equipment maker Morimatsu Group, 1 billion yuan (£103.63 million) production base of Japanese biotech firm Daiichi Sankyo, 2.4 billion yuan (£248.73 million) industrial base of multinational agribusiness conglomerate Yihai Kerry and an information technology company set up by international commodities trader Trafigura Ltd, with an investment of about 50 million yuan (£5.18 million). Likewise, German chemical giant BASF announced on 14 April it would invest 500 million yuan (£51.80 million) to expand its Shanghai Cellasto plant based in Pudong, which provides noise, vibration and harshness reduction solutions for the auto sector. The plant's annual output will rise significantly by 70 per cent once it goes operational in 2027. Apart from serving the electronics and consumer goods companies, the company aims to better capitalise on China's electric vehicle sector with its continued investments, said Xu Yibin, BASF vice-president and general manager of the Pudong site. 'Our confidence in Pudong derives from the rich talent supply, increasingly expanding industrial ecosystem, the local government's continued efforts and the market-based, legal and international business environment, which can be considered first-rate on a global perspective,' said Xu. Chen Jiayuan, CEO of global agribusiness giant Louis Dreyfus North Asia, said the various investment facilitation policies and financial opening-up measures adopted in the China (Shanghai) Pilot Free Trade Zone have provided much support for commercial expansion. 'Shanghai's government work report released at the beginning of the year touched upon experimental policies concerning offshore renminbi trading, cross-border trade settlement and the cross-border hedging for commodities. These will substantially benefit companies to better serve clients while managing risk,' he said. In early April, Shanghai released its three-year action plan (2025-27) for commodities trading. The measures — such as expanding trading categories and deepening coordination of the spot and futures markets — can effectively manage risks and thus improve companies' profitability, Chen said. On 15 April, Pudong released a set of 14 new measures to better attract foreign investment. Aiming to introduce more advanced foreign manufacturing firms and modern services providers, Pudong will guarantee national treatment of foreign-invested enterprises, explore a management mechanism for easy and safe cross-border data flow and ensure foreign-invested companies' participation in government procurement projects, among others items. According to the action plan released on 21 April to improve the facilitation of cross-border financial services provided in Shanghai, banks are encouraged to develop deposit products for overseas institutions' free trade accounts. Interest rates for nonresident deposits under the free trade account system can refer to international practices and use market-based pricing standards. The provisions to promote the development of free-trade accounts in Pudong, which took effect on 1 May, have addressed companies' frequently raised requests related to areas such as capital businesses, loans provided for overseas entities' mergers and retail businesses under the FT account.
Associated Press
14-05-2025
- Business
- Associated Press
Global Times: China-US trade talks, market resilience boost confidence in Chinese assets
BEIJING, May 14, 2025 /PRNewswire/ -- China's capital market is witnessing a wave of positive developments. Just days after Chinese policymakers issued major policy measures to stabilize the market, China and the US announced on Monday that the two countries have reached what has been described by some as a better-than-expected breakthrough to ease tariff tension. With the growing positive headlines come greater confidence in Chinese assets. Some global financial institutions have moved swiftly to raise their outlooks for Chinese stocks, while others are making adjustments to their investment strategies to focus on Chinese high-tech stocks. While the outcome of the China-US trade talks offered a significant boost, China's policy orientation, market resilience and technological breakthroughs in areas such as artificial intelligence (AI) and semiconductors are underpinning the long-term growth potential of Chinese assets, according to analysts and reports from several major global financial institutions. Near-term catalyst 'We see this development as a solid near-term catalyst for the China market,' Laura Wang, chief China equity strategist at Morgan Stanley, said in a research note shared with the Global Times on Monday, referring to the agreement reached between China and the US. Following two days of talks in Switzerland, China and the US released a joint statement on Monday, announcing several key agreements, most notably a significant reduction in tariffs on both sides. Specifically, the US will remove a total of 91-percent additional tariffs on Chinese products and China will accordingly cut 91-percent countermeasure additional tariffs against US imports. In addition, the US will suspend a 24-percent 'reciprocal tariff' for 90 days, and China likewise will suspend a 24-percent countermeasure tariff for the same period, according to the Ministry of Commerce. 'This news greatly boosted the confidence of the global capital market,' Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Tuesday, noting global markets have responded positively to the news. Wang Tao, head of Asia economics and chief China economist at UBS Investment Bank, said in a statement sent to the Global Times on Tuesday that 'the trade war de-escalation improves growth outlook.' The closely watched US-China trade talks concluded with 'substantial progress' on reducing bilateral reciprocal tariffs significantly, which is more positive than many had expected, Wang said. Song Yu, chief China economist at BlackRock, told the Securities Times that the recent progress in China-US trade relations is a significant boost to the macroeconomic environment. This, combined with the stronger-than-expected April export data and intensified domestic economic policy support, as evidenced by the comprehensive package of policies rolled out by three major Chinese government departments last week, is expected to 'bolster the confidence of both domestic and international investors in Chinese assets, acting as a powerful catalyst for the Chinese market,' Song said. Strong resilience Even before China and the US reached major progress in the trade talks, global investors had already become increasingly bullish on the investment prospects of China's capital market, expressing strong confidence in its strong resilience and long-term growth potential. Some major financial institutions have been quick to adjust their investment strategies. UBS Global Wealth Management issued its investment views on Monday, expressing preference for leading internet companies driving AI development in China and attractive opportunities across the broader semiconductor supply chain. 'We believe the continued breakthroughs in China's AI space should help drive the tech sector higher amid signs of a potential de-escalation in the US-China trade war. We now rate Chinese tech stocks as 'Attractive,' and expect the sector to post an earnings growth of 30 percent this year,' the wealth management firm said. In the research note on Monday, Wang from Morgan Stanley also noted 'structural investment opportunities in tech/artificial intelligence and new consumption related areas.' In a May 8 report, Goldman Sachs maintained its 'overweight' rating on Chinese equities and raised its 12-month index targets for MSCI China and CSI300 to 78 and 4,400, implying 7 percent and 15 percent potential returns. The report noted that Chinese financial assets have remained resilient, supported by factors such as broad US dollar weakness, signs of easing US-China trade tensions, robust activity growth as shown in hard data, and effective domestic policy easing. Last week, China's monetary and financial authorities unveiled a raft of supportive measures, including policy rate and reserve requirement ratio (RRR) cuts, as the country stepped up efforts to stabilize markets and sustain economic recovery amid external headwinds, according to Xinhua. In one of its key policy actions, the People's Bank of China, the country's central bank, announced an RRR cut of 0.5 percentage points for eligible financial institutions from May 15. Notably, the RRR for auto financing and financial leasing companies will be slashed from 5 percent to 0 percent, Xinhua reported. The timing of the announcement, in particular RRR and policy rate cuts, was seen as a positive surprise by some investors. Goldman Sachs noted that the encouraging aspect of the latest easing package lies in its targeted and increasingly demand-driven approach, which supports the government's goal of fostering a healthy stock market anchored by stable capital. During a press conference announcing the policy measures last week, Wu Qing, chairman of the China Securities Regulatory Commission, highlighted the resilience of the A-share market and emphasized the net profits growth of listed companies achieved in the first quarter. A-share listed companies are resilient, supported by strong domestic demand, diversified export markets, and rising competitiveness. In Q1 2025, their net profits rose 3.6 percent year-on-year, with real-economy firms seeing a 4.3 percent increase, Wu said, while pledging efforts to keep capital markets stable and active. View original content: SOURCE Global Times
