Bank of East Asia Ltd. said it has agreed to buy all the shares held by U.S. activist hedge fund Elliott Management Corp. for the equivalent of about $373 million, ending its long-running battle with ... ( read original story ...)
Lunar New Year flowers in flames as Hong Kong farmer burns unsold stock
Flowers burn at farmer Leung Yat-shen's farm, following the government's announcement to close Lunar New Year flower fairs to curb the coronavirus disease (COVID-19) outbreak, in Hong Kong, China, Jan ... ( read original story ...)
Hong Kong flower farmer burns Lunar New Year’s stock
Posted . Flower farmer Leung Yat-shen has burned thousands of flowers he cannot sell this year as Hong Kong's str ... ( read original story ...)
Covid live: UK reports 89,176 new cases and 277 deaths; Hong Kong offers hamster reparations after ordering cull
UK cases and deaths fall day-on-day; Honk Kong government to compensate pet shops affected by culling of hamsters for Covid reasons ... ( read original story ...)
Hong Kong Regulators Impose Limitations on Investing in Spot Crypto ETFs
Regulators want only professional investors to be exposed to spot exchange-traded products linked to virtual assets ... ( read original story ...)
Hong Kong’s Politicians and Cops Use Pandemic Justifications To Do Beijing’s Bidding
Though many in the West have rightly wondered about the degree to which COVID-19 suppression has actually been a guise for state actors to seize more control, in Hong Kong, the case is airtight: ... ( read original story ...)
Hong Kong’s Bank of East Asia proposes $372 million share buyback
Hong Kong's Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge fund Elliot Investment Management's ... ( read original story ...)
Hong Kong economy grows 6.4% in 2021
Hong Kong’s economy grew by 6.4% last year after activity weakened as anti-coronavirus controls were tightened. Economic output expanded by 4.8% over a year earlier in the three months ending in ... ( read original story ...)
Citi’s Hong Kong fine is a warning to others
Penalty-payers is one ranking no bank wants to top. Citigroup has just come in at No. 3 in Hong Kong with a HK$348 million ($44.7 million) fine for the 10 years to 2018 during which its cash equities ... ( read original story ...)
China fintech PingPong weighing US$1b Hong Kong IPO
HONG KONG] Chinese fintech startup PingPong is considering an initial public offering in Hong Kong to raise as much as US$1 billion, people with knowledge of the matter said. Read more at The Business ... ( read original story ...)
Industrial B2B startup Moglix’s valuation tops $2.6 bn with $250 mn funding
Early investors, who had bet on Moglix at the seed stage, have seen an 80x return on their investment in this B2B commerce firm ... ( read original story ...)
Hong Kong’s HashKey Group Raises $360M Blockchain Fund
Hong Kong's HashKey Group, the digital assets and blockchain arm of Chinese conglomerate Wanxiang Group, has received $360 million commitment from investors for its new fund. The fund will tap into ... ( read original story ...)
Hong Kong market watchdog fines Citi $45 million for equities misconduct
Hong Kong's market regulator has fined a Citigroup subsidiary HK$348.25 million ($45 million) for misconduct in its cash equities business and is launching disciplinary proceedings against some former ... ( read original story ...)
China’s new rules on overseas IPOs will apply to Hong Kong, securities regulator says
In an exclusive interview with CNBC, CSRC's international department director spoke about what new draft rules mean for Chinese companies wanting to list abroad. ( read original story ...)