Markets

Speculation arose on Chinese social media regarding Wahaha’s Tmall flagship store when it was renamed “Tongyuan Kang Food Franchise Store.” Tongyuan Kang confirmed they previously operated as Wahaha’s official Tmall store as a distributor but are now independent after the partnership ended. Tongyuan Kang E-commerce is controlled by Sanjie Investment Group, with Du Jianying holding a major stake. The current “Wahaha旗舰店” on Tmall is now run by Hangzhou Hengyi E-commerce, where Zong Fuli, daughter of Wahaha’s founder, serves as a board member.

LZG International (OTC: LZGI) will hold a special shareholder meeting on August 18, 2025, in Miami and virtually, initiated by shareholders representing over 10% of shares. Key agenda items include electing a new Board of Directors, evaluating audit candidates, and securing corporate assets and data systems. Shareholders must display name and share count for access; proxy voting is available. The meeting signals potential governance concerns and a push for change.

China’s appliance exports rose 6.2% in H1 2025, with Haier maintaining its top global refrigerator brand position for the 17th year with a 22.8% market share. Fueled by domestic trade-in policies and overseas expansion, especially in Europe and Southeast Asia, Haier is achieving significant growth. Its success is driven by technological innovation, specifically the Magnetic Control Full Space Preservation, and user co-creation for products like the Wheatwave refrigerator, targeting younger consumers. Haier also leads in setting global refrigeration standards, building user trust.

A driver in Lianyuan, China, attempted to evade police after a traffic stop by throwing 20,000 yuan ($2,760 USD) in cash at them. The intoxicated man scattered the bills while fleeing on foot, hoping to create a distraction. Police teams pursued the suspect, secured the money, and maintained order. He was apprehended, his blood alcohol level was significantly over the limit. He faces fines, license revocation, and potential criminal charges.

CGX Energy (TSXV:OYL) reported a $56.4 million impairment loss on its Corentyne Block exploration assets due to the Guyanese government’s stance on the Joint Venture’s rights. The Corentyne E&E asset’s carrying value is now $Nil. Dr. Suresh Narine resigned, and Orlando Cabrales became Chairman. Alejandra Bonilla and René Burgos Díaz were appointed as new directors. CGX maintains its license is valid but faces uncertainty and is prepared to protect its rights legally.

Intel launched a “USAI” section on its website, emphasizing its commitment to American chip manufacturing – claiming to be the only U.S. company manufacturing advanced chips domestically for over 50 years. This follows a meeting between Intel CEO Pat Gelsinger and President Trump, signaling a potential shift in sentiment. Facing global competition and scrutiny, Intel aims to solidify its standing as a vital American asset. Gelsinger addressed concerns about his background and assured the company is on track to advanced U.S. semiconductor manufacturing process.

Sony has completed shifting its PlayStation 5 (PS5) console production for the U.S. market out of China in response to U.S. tariffs. According to CFO Hiroki Totoki, this supply chain realignment aims to mitigate the impact of trade tensions. The production shift for PS5 peripherals is expected to be finalized by the end of September 2025. While current PS5 prices in the U.S. remain stable, Sony will dynamically adjust future pricing based on various factors including profitability and market competitiveness.

A Chinese national, Zhang Shuqing, who owns a significant stake in Ounajima Island near Okinawa, Japan, intends to increase her holdings. Currently controlling 720 out of over 900 ownership rights, she initially gained attention for purchasing the 700,000-square-meter island. Zhang has no immediate development plans, considering leaving it to her children. A helicopter landing pad is under construction for company retreats. Described as therapeutic with excellent diving and camping, the uninhabited island once housed Ryukyu limestone extraction settlements and features wild goats and coral reefs. The closest point to mainland China is approximately 700 kilometers.

Nepra Foods (NPRFF) received a Management Cease Trade Order (MCTO) from the BCSC due to delayed annual financial filings. The MCTO restricts the CEO and CFO from trading company securities until the filings are completed, with an extended deadline of September 29, 2025. Regular shareholders are not affected and can continue trading. The company is working to complete the filings, and will issue bi-weekly updates. The delay negatively impacts the company by restricting trading for key executives.

Nuclear Fuels Inc. shareholders approved the merger with Premier American Uranium Inc. with 95.08% support. Nuclear Fuels shareholders will receive 0.33 shares of Premier American Uranium for each share held. The deal still requires court and exchange approvals, with closing expected around August 25th. The combined entity aims to become a key player in the U.S. uranium sector, driven by growing demand for clean energy and the need for secure domestic uranium supplies. The merger will combine Nuclear Fuels’ exploration assets with Premier American Uranium’s development expertise.