Proceeds to be used for acquisitions in Asia and the U.K. TNG FinTech Group Inc., a Hong Kong-based digital wallet operator founded in 2013, is poised to close a funding round and is targeting a valuation of about $500 million, according to a person ... ( read original story ...)
Hong Kong investors are biggest spenders on UK property
In spite of gloomy predictions about the economic impact of Brexit, the UK's real estate market was the most active in Europe during the first quarter of 2017. A new report from global real estate services firm JLL reveals that UK was the world's most ... ( read original story ...)
Bangkok’s old Viengtai Hotel reopens as backpacker-friendly Ibis property
News of the Santa Barbara earthquake, and the Californian’s premature near-demolition, arrived in Hong Kong within a couple of days ... in the Spanish Colonial Revival style – the first luxury property in Santa Barbara’s arty and tourist-friendly ... ( read original story ...)
HK-listed Co-Prosperity seeks bigger stake in Yong Tai
KUALA LUMPUR: Hong Kong-listed Co-Prosperity Holdings Ltd is increasing its shareholding in tourism and cultural property developer Yong Tai Bhd (YTB) via a private placement exercise. YTB told Bursa Malaysia that Co-Prosperity’s wholly-owned subsidiary ... ( read original story ...)
Asia markets fall after Dow cracks 22,000; Kospi down 1.9%
CapitaLand stock was down 0.8 percent. Hong Kong's CK Hutchison and Cheung Kong Property Holdings were also among the Asian companies reporting results Thursday. In foreign exchange, the U.S. currency strengthened slightly after hitting 15-month lows ... ( read original story ...)
Three principles Hong Kong can learn from Singapore
Of course property developers in Hong Kong would not be pleased at such a policy. Pushing out unpopular policies to improve Hongkongers’ lives would require vision, conviction and planned execution. ( read original story ...)
Search engine IPO depends on Tencent for results
HONG KONG (Reuters Breakingviews) - Baidu rival Sogou is planning an initial public offering in the United States. But convincing investors to back a distant number two in China’s mobile-search market could be tricky. Sogou’s relationship with backer ... ( read original story ...)
Singapore exchange pitches for Saudi Aramco IPO
That choice pits the top global financial centers, London and New York, against each other, while Hong Kong, Tokyo, Singapore and Toronto are also on the top contender list. The initial public offering (IPO) would make the company the largest publicly ... ( read original story ...)
Hong Kong stocks rally for third day to 26-month high on strong earnings expectations and Apple boost
Hong Kong stocks advanced for a third day running on Wednesday, as strong earnings expectations pushed up a bunch of large cap blue-chip stocks, including CK Hutchison Holdings, the conglomerate owned by Hong Kong’s richest man Li Ka-Shing. The Hang Seng ... ( read original story ...)
Atlas Air Worldwide places 3 747-400Fs with Hong Kong Air Cargo
Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) has announced the ACMI placement of three 747-400 freighters with Hong Kong Air Cargo Carrier Limited, a subsidiary of Hong Kong Airlines, the company said. The aircraft will be operated by Atlas Air ... ( read original story ...)
Hong Kong stocks power to 26-month high; turnover tops HK$100bn for first time in two months
Hong Kong stocks powered ahead on the first trading day of August ... “differentiated regulations”, suggesting it may give industry players with better financial positions more room to try out new products. Ping An Insurance, China’s second-largest ... ( read original story ...)
China H Shares Rise to 23-Month High as Financial Stocks Advance
Chinese shares traded in Hong Kong closed at the highest level since August 2015 as insurers and brokerages advanced, while energy companies extended Monday’s rally. The Hang Seng China Enterprises Index climbed 1.8 percent. Financial stocks accounted ... ( read original story ...)
Short Sellers Scaring Investors Away From Hong Kong’s Small Caps
Hong Kong stocks may be Asia’s star performers this year, but it hasn’t done much to revive the fortunes of the market’s perennial underdogs: small-cap shares. A peek under the hood of the Hang Seng Index’s 25 percent surge shows it’s being ... ( read original story ...)
Hong Kong prices expected to keep rising as supply issues continue
Indeed, the Government announced an eighth round of mortgage tightening measures in May to help restrain soaring value but the lack of supply means demand is not lessening. Hong Kong’s new leader, Carrie Lam, who took over at the beginning of July has ... ( read original story ...)