• G&G Aug 2025 Web
Ninestar forecasts profit plunge

Ninestar forecasts profit plunge

Outlook hit by Lexmark sale, but key printer division shows sharp growth. Ninestar has forecast a steep first-half net loss of RMB2 billion– 4 billion ($275 million–550 million/ €255 million– 510 million), citing the impact of its recent sale of Lexmark International....
Xerox completes the acquisition of Lexmark

Xerox completes the acquisition of Lexmark

Xerox Holdings Corporation completed its acquisition of Lexmark International, Inc. from Ninestar Corporation, PAG Asia Capital, and Shanghai Shouda Investment Centre. The transaction, valued at $1.5 billion (€1.27 billion) inclusive of net debt and assumed...
Ninestar questions UFLPA decision

Ninestar questions UFLPA decision

The company has raised concerns over the lack of transparency in the US government’s decision to keep it on the forced labour watchlist. Ninestar Corporation has criticised a recent decision by the US government to keep the company on the Uyghur Forced Labor...