FINANCE

Hong Kong vows to stiffen IPO rules

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Hong Kong's finance secretary on Wednesday pledged to tighten standards for new share listings amid growing concerns about fraud in the world's biggest market for initial public offerings (IPOs). (read the rest of the story…) Related items Hong Kong watchdog punishes underwriter for lax IPO standards Bank looking for institutional investors for Hong Kong...

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NAJIB WITNESSES MALAYSIA-HONG KONG DTAA SIGNING CEREMONY

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PUTRAJAYA, April 25 (Bernama) — Malaysia and Hong Kong SpecialAdministrative Region (SAR) of the People''s Republic of China today signed theAgreement on the Avoidance of Double Taxation and the Prevention of FiscalEvasion with Respect to Taxes on Income (DTAA Malaysia-Hong Kong).Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah signed for theMalaysian government and Hong...

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HONG KONG SHOULD MAKE MALAYSIA ASEAN FINANCIAL HUB, SAYS DONALD LIM

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KUALA LUMPUR, Apr 25 (Bernama) — Hong Kong should consider making Malaysiaits financial hub in the Asean region given its positive attributes, says DeputyFinance Minister Senator Datuk Donald Lim Siang Chai.He said Malaysia had created a conducive environment for foreign investorswith some of its reforms aimed at improving the efficiency of government and creating...

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Hong Kong fines IPO sponsor firm

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Hong Kong's securities regulator fines a brokerage firm and revokes its corporate finance licence for failing to carry out its duties. (read the rest of the story…) People who looked at this item also looked at… A Forward Look, The Year Ahead – Featured Research on Sanderson Farms, Inc. and Unilever plc (ADR) A...

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Hong Kong watchdog punishes underwriter for lax IPO standards

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HONG KONG/SINGAPORE (Reuters) – Hong Kong's stock market regulator has revoked the license of an underwriter of a troubled 2009 listing and slapped it with a record fine in a warning to investment banks working in one of the world's biggest IPO markets to strengthen their due diligence. Many mainland Chinese firms are tapping...

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Hong Kong watchdog revokes IPO sponsor's license, imposes record fine

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HONG KONG/SINGAPORE (Reuters) – Hong Kong's stock market regulator has hit Mega Capital, the underwriter of a troubled 2009 listing with some of its toughest enforcement action to date, revoking a corporate finance advisory license for the first time and imposing a record fine. The move comes days after sources told Reuters that the...

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Hong Kong watchdog revokes IPO sponsor's licence, imposes record fine

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HONG KONG/SINGAPORE (Reuters) – Hong Kong's stock market regulator has hit Mega Capital, the underwriter of a troubled 2009 listing with some of its toughest enforcement action to date, revoking a corporate finance advisory licence for the first time and imposing a record fine. The move comes days after sources told Reuters that the...

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Hong Kong watchdog fines Mega Capital over IPO failings

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HONG KONG (Reuters) – Hong Kong's securities regulator on Sunday fined Mega Capital (Asia) HK$42 million (3.35 million pounds) and revoked its corporate finance advisory licence for disclosing false and misleading information in a 2009 initial public offering for a Chinese fabric maker for which it was the sole sponsor. The Securities and Futures...

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Europe pressed to deliver debt fix

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WASHINGTON (Reuters) – Global finance chiefs pressed Europe on Saturday to take advantage of newly increased financial buffers and make the lasting reforms needed to tackle its debt crisis, which is threatening the world recovery. Related Stories Hong Kong watchdog fines Mega Capital over IPO failings Roche talks to Illumina rivals after drops bid...

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Hong Kong moves closer to bank liability for IPOs

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Hong Kong's financial market watchdog is launching a public consultation process in the next couple of weeks that seeks to toughen rules for banks sponsoring initial public offerings, including holding … (read the rest of the story…) Related items Exclusive: Hong Kong moves closer to bank liability for IPOs Hong Kong economy slowed in...

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