In Hong Kong, the Hang Seng lost -0.4% ... The Australian Banking Regulator intends to make banks hold more capital against risky mortgage lending. In Europe, it’s been a relatively subdued session with overall market focus remaining on upcoming ... ( read original story ...)
Tink Labs – Hong Kong’s first US$1bil startup?
LONDON: Hong Kong may soon get its first billion-dollar startup, thanks to a 25-year-old entrepreneur whose company leases phones to travellers. Tink Labs Ltd is in the process of raising about US$40mil and aiming for a valuation of more than US$1bil ... ( read original story ...)
Guotai Junan IPO entices global institutions
China's second most profitable brokerage company, Guotai Junan, allocated the institutional tranche of its Hong Kong initial public offering on Monday after attracting the kind of balanced order book syndicate bankers had almost give up on. Bankers ... ( read original story ...)
Ron Sim eyes IPO for V3 Group
Osim founder Ron Sim is gunning for an initial public offering (IPO) in Hong Kong just months after bidding goodbye to the Singapore Exchange (SGX). Mr Sim has applied to relist his massage chair and lifestyle products company as V3 Group, according to its ... ( read original story ...)
Canadian biopharmaceutical company setting the stage for an IPO
and in the oil and gas exploration business (Persta Resources which listed in Hong Kong.) But the market hasn’t been receptive to issuers in the oil services business, with planned IPO offerings by Source Energy and STEP Energy being postponed. ( read original story ...)
Everbright sounds out buy-side for $500m green arm IPO
China Everbright Greentech (CEG) is drumming up interest for a $500m Hong Kong IPO, with investor meetings starting this week, said bankers on the deal. The issuer, which is being spun off from China Everbright International, began pre-marketing on Monday. ( read original story ...)
Fantasy gaming IPO has real-life charms
HONG KONG (Reuters Breakingviews) - Fantasy gaming shares offer some real-life charms. Netmarble wants a fantastical-sounding valuation in one of South Korea's biggest-ever initial public offerings. But the maker of online role-playing games is growing ... ( read original story ...)
Strong IPO pipeline for 2017: Report
The growth was led by Asia-Pacific, with China, Hong Kong, Macau and Taiwan showing the most activity. Asia-Pacific markets accounted for nearly half the global proceeds from initial public listings, and 70 per cent of the global number of IPOs. ( read original story ...)
BRIEF-Shaanxi Kanghui Pharmaceutical sets IPO pricing
* Says it plans to issue up to 24.97 million shares at 14.57 yuan ($2.11) per share to raise 363.81 million yuan for its Shanghai IPO Source text in Chinese: bit.ly/2nJzhrx ($1 = 6.9029 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)
May lobbies to get Aramco IPO listed in London
The plan will see 5% of the company listed publicly in an IPO worth between $50 billion and $100 billion -the world's biggest by market capitalisation. London is vying with other financial centres such as New York, Hong Kong, Toronto and Singa pore to play ... ( read original story ...)
Hong Kong targeting home glory in series qualifier
Twelve teams will contest the men's Hong Kong qualifier with the winner taking a core spot on the HSBC World Rugby Sevens Series 2017-18. Every year Hong Kong not only plays host to a crucial round of the HSBC World Rugby Sevens Series but also to a ... ( read original story ...)
Hong Kong to strengthen private banking talent pool
Several players in Hong Kong’s private banking industry are launching a new apprenticeship programme in an attempt to attract new talent. Designed to provide specialised professional training to students, the multi-year programme will help strengthen the ... ( read original story ...)
Hang Seng Bank Ltd. (HSNGY) Upgraded to Hold by Zacks Investment Research
According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our ... ( read original story ...)
Hong Kong stocks slip on Fed minutes before Trump-Xi meeting
The benchmark Hang Seng index dropped 0.5 per cent at the close, to 24,273.72 points, while the Hong Kong China Enterprises Index lost ... on news that most Fed policymakers think the central bank should take steps to begin trimming its king-sized balance ... ( read original story ...)