Latest news with #Shao
Business Insider
28-05-2025
- Business
- Business Insider
Barclays Sticks to Its Buy Rating for PDD Holdings (PDD)
Barclays analyst Jiong Shao reiterated a Buy rating on PDD Holdings (PDD – Research Report) today and set a price target of $158.00. The company's shares closed today at $102.98. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Shao covers the Consumer Cyclical sector, focusing on stocks such as Sea, JD, and BYD Co. According to TipRanks, Shao has an average return of 12.5% and a 53.93% success rate on recommended stocks. Currently, the analyst consensus on PDD Holdings is a Moderate Buy with an average price target of $141.74, implying a 37.64% upside from current levels. In a report released today, Citi also maintained a Buy rating on the stock with a $152.00 price target.
Business Times
01-05-2025
- Business
- Business Times
Q&M Dental makes cash offer for remaining Aoxin Q&M shares at S$0.0321 each
[SINGAPORE] Mainboard-listed Q&M Dental Group (Singapore) has made a mandatory unconditional cash offer to acquire all the shares it does not already own in its subsidiary Aoxin Q&M at S$0.0321 per share. In a bourse filing on Thursday (May 1), Aoxin Q&M's board informed shareholders that Q&M had released the offer document on Wednesday. The board also announced plans to appoint an independent financial adviser to guide its independent directors on the offer. The offer will close at 5.30 pm on May 28. If fully accepted, Q&M will pay around S$8.1 million for the offer shares. The development follows Q&M's recent increase in its stake in Catalist-listed Aoxin Q&M from 33.33 per cent to 50.53 per cent. In line with Rule 14.1 of the Singapore Code on Take-overs and Mergers, Q&M is required to make a cash offer for all remaining shares not already owned, controlled, or agreed to be acquired by the group. The increase in stake comes after Q&M acquired 87,973,480 shares from Health Field Enterprises Limited (HFEL) under a share security agreement dated Oct 12, 2016, which HFEL had entered into in favour of Q&M. The transaction was completed at a volume-weighted average price (VWAP) of S$0.0321 per share, based on trades conducted on Apr 22, 2025, the last full market day on which Aoxin's shares were traded before a trading halt was imposed on Apr 28. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up This acquisition represents a partial settlement of profit guarantee obligations owed by Dr Shao Yongxin, executive director and group CEO of Aoxin, and HFEL under a master agreement dated Nov 13, 2013. This follows Q&M's issuance of a letter of demand on Apr 18 to Dr Shao for 72.3 million yuan (S$13 million), arising from shortfalls in profit guarantees. Despite repeated reminders, Dr Shao and HFEL have failed to meet their obligations or propose a reasonable alternative, Q&M said. Under the share security arrangement, Q&M was entitled to transfer the relevant number of Aoxin shares held by HFEL to an independent third party for sale. Proceeds, after deducting transaction costs, would then be used to cover the shortfall. However, Q&M said 'no suitable third-party buyers were found by the independent third-party despite using its reasonable endeavours'. As a result, the group has opted to acquire the 87,973,480 Aoxin shares from HFEL directly on Apr 30, at S$0.0321 per share, as partial settlement of the outstanding amount. 'Aoxin's businesses are complementary to the group's business, and the acquisition of Aoxin shares via the security enforcement is aligned with the group's strategy to expand its assets and earnings base,' added Q&M. The group also stated it does not intend to make any material changes to Aoxin's business operations following the acquisition, and plans to maintain the company's listing status on the Singapore Exchange. Shares of Q&M last traded flat at S$0.29 on Apr 30, while shares of Aoxin Q&M last traded at S$0.03 before its trading halt on the morning of Apr 28. On Thursday evening, Aoxin requested to lift its trading halt.
Yahoo
30-04-2025
- Politics
- Yahoo
Trump administration reveals how it targeted thousands of international students on visas
After thousands of international students abruptly lost their legal statuses in the past few months, the Department of Homeland Security offered some insight Tuesday into how some of the terminations were decided. At a court hearing in Washington about the recent targeting of many international students across the country, the department said it used 10 to 20 employees to run the names of 1.3 million foreign-born students through the National Crime Information Center, an FBI-run computerized index that includes criminal history information. The process populated the 6,400 'hits.' And from there, many students experienced terminations of their records in the Student and Exchange Visitor Information System (SEVIS), which maintains information about nonimmigrant students and exchange visitors. In the hearing, the federal government detailed its initiative to screen foreign students entitled the 'Student Criminal Alien Initiative.' Andre Watson, assistant director of DHS said that the employees served in 'various roles as analysts' and that the entire process, overseen by DHS acting Executive Director Robert Hammer, took two to three weeks. Names were sent to the State Department, Watson said, and roughly 3,000 students had their visas revoked. The State Department then instructed DHS to terminate the students' SEVIS records. Elizabeth D. Kurlan, an attorney for the Justice Department, said last week during a hearing in the Northern District of California in Oakland that going forward, ICE will not be terminating statuses based solely on findings in the crime information center. While Watson said that DHS had conducted similar searches in the past for specific students during his four years there, the agency had not done so to this magnitude. The Trump administration began revoking the visas of some thousands of international students in addition to their records and legal statuses in March. Critics said that the terminations appeared to take aim at those who've participated in political activism or have criminal charges against them, like DUIs. But for weeks, questions remained over the criteria the government used to terminate visas and statuses, with little to no notice to students. For immigration attorneys and policy experts, the revelation has been concerning. 'Using tech to achieve immigration enforcement goals seems like a bad science fiction movie, but it's the situation we are living in now,' Jath Shao, a Cleveland-based immigration attorney who represents several students dealing with these terminations. 'It should concern all Americans, because these tools used against subsets of immigrants could be turned against any group.' Shao said that while the new developments aren't surprising, they do invite questions over the process' thoroughness. A group of 10 employees, Shao said, is not enough to check the massive quantity of international students' records. And solely going through names creates the potential for major mistakes, he said. 'There can be so many variations of your name depending on various IDs and things like that,' Shao said. 'There's a risk of false positives, especially if your name is Mohammed or Juan — something very common — it's going to be high.' Kathleen Bush-Joseph, an attorney and policy analyst with the U.S. Immigration Policy Program at the nonpartisan Migration Policy Institute, also said that the National Crime Information Center may not have the most up-to-date information. The index relies on cities, counties, states and other sources to voluntarily report their data. And sometimes the database doesn't have the final dispositions of cases, Bush-Joseph said. So actually scanning someone's background for a criminal record often takes extra digging. Many immigration attorneys, including Shao, have worked with students who had charges dismissed or won their cases in the past and were never convicted. Suguru Onda, a doctoral student at Brigham Young University in Utah, for example, had a 2019 fishing-related citation on his record that was eventually dismissed. His legal status was terminated a few weeks ago because he was 'identified in criminal records check and/or has had their VISA revoked,' government officials told him in a notice. Onda's status has since been restored. 'Technology made this happen. Technology facilitated this fast process. But at the same time, it shows the limitations of the technology,' Bush-Joseph said. Shao said that the use of government databases for immigration purposes is already stoking fear among even U.S. citizens, who worry that their information could be weaponized against them. 'People are very afraid to sign their names for anything now, even on the sponsor side,' Shao said. 'It's scary, not just for students.' This article was originally published on
NBC News
30-04-2025
- Politics
- NBC News
Trump administration reveals how it targeted thousands of international students on visas
After thousands of international students abruptly lost their legal statuses in the past few months, the Department of Homeland Security offered some insight Tuesday into how some of the terminations were decided. At a court hearing in Washington about the recent targeting of many international students across the country, the department said it used 10 to 20 employees to run the names of 1.3 million foreign-born students through the National Crime Information Center, an FBI-run computerized index that includes criminal history information. The process populated the 6,400 'hits.' And from there, many students experienced terminations of their records in the Student and Exchange Visitor Information System (SEVIS), which maintains information about nonimmigrant students and exchange visitors. In the hearing, the federal government detailed its initiative to screen foreign students entitled the 'Student Criminal Alien Initiative.' Andre Watson, assistant director of DHS said that the employees served in 'various roles as analysts' and that the entire process, overseen by DHS acting Executive Director Robert Hammer, took two to three weeks. Names were sent to the State Department, Watson said, and roughly 3,000 students had their visas revoked. The State Department then instructed DHS to terminate the students' SEVIS records. Elizabeth D. Kurlan, an attorney for the Justice Department, said last week during a hearing in the Northern District of California in Oakland that going forward, ICE will not be terminating statuses based solely on findings in the crime information center. While Watson said that DHS had conducted similar searches in the past for specific students during his four years there, the agency had not done so to this magnitude. The Trump administration began revoking the visas of some thousands of international students in addition to their records and legal statuses in March. Critics said that the terminations appeared to take aim at those who've participated in political activism or have criminal charges against them, like DUIs. But for weeks, questions remained over the criteria the government used to terminate visas and statuses, with little to no notice to students. For immigration attorneys and policy experts, the revelation has been concerning. 'Using tech to achieve immigration enforcement goals seems like a bad science fiction movie, but it's the situation we are living in now,' Jath Shao, a Cleveland-based immigration attorney who represents several students dealing with these terminations. 'It should concern all Americans, because these tools used against subsets of immigrants could be turned against any group.' Shao said that while the new developments aren't surprising, they do invite questions over the process' thoroughness. A group of 10 employees, Shao said, is not enough to check the massive quantity of international students' records. And solely going through names creates the potential for major mistakes, he said. 'There can be so many variations of your name depending on various IDs and things like that,' Shao said. 'There's a risk of false positives, especially if your name is Mohammed or Juan — something very common — it's going to be high.' Kathleen Bush-Joseph, an attorney and policy analyst with the U.S. Immigration Policy Program at the nonpartisan Migration Policy Institute, also said that the National Crime Information Center may not have the most up-to-date information. The index relies on cities, counties, states and other sources to voluntarily report their data. And sometimes the database doesn't have the final dispositions of cases, Bush-Joseph said. So actually scanning someone's background for a criminal record often takes extra digging. Many immigration attorneys, including Shao, have worked with students who had charges dismissed or won their cases in the past and were never convicted. Suguru Onda, a doctoral student at Brigham Young University in Utah, for example, had a 2019 fishing-related citation on his record that was eventually dismissed. His legal status was terminated a few weeks ago because he was 'identified in criminal records check and/or has had their VISA revoked,' government officials told him in a notice. Onda's status has since been restored. 'Technology made this happen. Technology facilitated this fast process. But at the same time, it shows the limitations of the technology,' Bush-Joseph said. Shao said that the use of government databases for immigration purposes is already stoking fear among even U.S. citizens, who worry that their information could be weaponized against them. 'People are very afraid to sign their names for anything now, even on the sponsor side,' Shao said. 'It's scary, not just for students.'
Bloomberg
28-04-2025
- Business
- Bloomberg
Dymon Hires Ex-Millennium Portfolio Manager Shao for Expansion
Dymon Asia Capital hired former Millennium Management portfolio manager Shao Ying, as it expands relative-value equity trading. Shao will head linear equity relative value, the Singapore-based investment firm, which oversaw $4.7 billion in assets by March, said in an email. She will spearhead efforts to build the business that seeks to profit from pricing gaps in the equity market, using strategies such as index rebalancing, merger arbitrage, index arbitrage and delta-one trading.
