Clothing manufacturer Crystal International Group has opened books for its Hong Kong IPO, with a view to raise as much as HK$4.5bn ($573.8m) from selling new stock. The company is offering 509.3m primary shares at HK$7.3-HK$8.8 apiece, giving the deal a ... ( read original story ...)
Toys ‘R’ US Asian unit contemplating HK IPO
HONG KONG: Toys “R” Us Inc, the retailer that filed for bankruptcy in North America, has been exploring options for its growing Asian business including a potential initial public offering, people with knowledge of the matter said. The US chain and its ... ( read original story ...)
Aramco IPO ‘is on track’ for 2018, says Saudi oil minister
... a role in Aramco IPO, with Hong Kong, Singapore, Tokyo and Toronto also trying to attract the sale. "The IPO is on track," he said in London on the sidelines of the annual dinner of the Oil & Money conference. "We will announce the venue in due course." ( read original story ...)
BOC Hong Kong : BOCHK named the Strongest Bank in Asia Pacific and Hong Kong by The Asian Banker for four consecutive year
Bank of China (Hong Kong) ("BOCHK") is named the Strongest Bank in Asia Pacific and Hong Kong 2017 by The Asian Banker. These honours have been granted to the Bank for four consecutive years in recognition of its solid financial performance and ability to ... ( read original story ...)
Hong Kong opposition filibuster blocks Lam’s plan for Legco to prioritise joint checkpoint debate
The ambitious goal of Hong Kong’s leader to improve ties between the government and lawmakers got off to a rocky start on Wednesday as opposition members persisted in filibustering on the first day of the new Legislative Council session. They were also ... ( read original story ...)
Hong Kong startup Prenetics raises US$40M to use DNA testing for a healthier life
Prenetics, a Hong Kong-based startup that is using genetic testing to help people identify health risks, has raised US$40 million from Beyond Ventures and the Alibaba Hong Kong Entrepreneurs Fund. Other participants include eGarden Ventures (the parent ... ( read original story ...)
Genetic testing startup Prenetics gets $40M from investors including Alibaba’s Hong Kong fund
Prenetics, a genetic testing startup, plans to expand into more Asian countries after raising a $40 million Series B led by Beyond Ventures and Alibaba Hong Kong Entrepreneurs Fund. The round also includes capital from Yuantai Investment Partners, mFund ... ( read original story ...)
Hong Kong sports fans have booed China’s national anthem for years. Now they might go to jail.
Hong Kong’s chief executive, Carrie Lam, called it a “very serious issue.” “Some people said: ‘Don’t boo, otherwise the next game is going to be played behind closed doors,’ ” she was quoted as saying, in response to a question at a news ... ( read original story ...)
Hong Kong Property: Li Ka-shing’s Record Deal a Sign of Things to Come
Li Ka-Shing’s CK Asset Holdings (1113.HK) was one of the best performing stocks on Hong Kong's benchmark Hang Seng Index for the second day running on Tuesday, after reports that it sold its majority stake in a Hong Kong office tower for a record USD5 ... ( read original story ...)
Why rich Chinese buyers are still eyeing luxury properties in Hong Kong
Hong Kong’s luxury real estate may be the most expensive in the world, but uber rich international buyers will continue to buy luxury properties in the near future as the SAR is considered a safe haven, a top US-based property expert says. Stephanie ... ( read original story ...)
China Set to Overtake Hong Kong as Thai Property Developer’s Top Foreign Market
Sansiri Pcl, one of Thailand’s largest property developers by sales, sees China becoming its biggest foreign revenue source as early as this year, the latest sign that the world’s largest property-buying binge is undimmed by China’s tighter capital ... ( read original story ...)
Gym of Choice for Hong Kong Financial Elite Is Seeking a Buyer
Owners of Pure Group, the billionaire-backed gym chain catering to Hong Kong’s financial elite, are seeking a sale that could value the company at as much as $500 million, people with knowledge of the matter said. Pure Group investors, including buyout ... ( read original story ...)
Hong Kong stocks nudge higher led by AIA Group
Hong Kong stocks rose in early trading on Tuesday, looking likely to extend a three-day win streak after hitting the highest close in nearly 10 years. The Hang Seng Index was up 0.1 per cent to 28,713.57 in early trades. On Monday, the Hang Seng Index rose ... ( read original story ...)
Hong Kong tops list of Asia’s most expensive cities for a luxury lifestyle
Hong Kong also ranked among the most expensive in Asia to take a business class flight, have a fine dining experience or receive Botox injections, although the city fared well when it came to buying jewellery, coming in 11th, and ranked 10th for wine and ... ( read original story ...)