"We expect the vacancy rate in Hong Kong's Central business district to remain the lowest among all at around 2%," Lau wrote in a report published on Monday. The overall vacancy rate for the city's grade-A offices is about 5%. Cathie Chung, national ... ( read original story ...)
Hong Kong’s hottest IPO in 10 years just turned supernova
China Literature, the country’s largest online publishing and e-book website, has priced its initial public offering at the top end of a price range, as investors overbought its shares by more than 600 times in the hope of getting in early on what could ... ( read original story ...)
Razer raises $528M in Hong Kong IPO
Razer has reportedly raised HK$4.12 billion (US$528.2 million) from its initial public offering (IPO) in Hong Kong, priced at HK$3.88 per share. The games hardware maker, which is based in Singapore and San Francisco, saw an oversubscription from Hong Kong ... ( read original story ...)
Breakingviews – Hong Kong tech fervour defies Western IPO wobbles
HONG KONG (Reuters Breakingviews) - Tech fervour is buoying Hong Kong’s new-issue market. Investors have snapped up shares in Razer, a maker of keyboards and mice for gamers, and China Literature, the electronic publishing arm of locally listed ... ( read original story ...)
China online car sales platform Yixin seeks up to US$870m in Hong Kong share offer
Yixin Group, China’s largest car retailing platform, opened its initial public share offering in Hong Kong on Monday, seeking to raise as much as HK$6.77 billion (US$870 million) in what could be the third-largest internet business IPO in the city this year. ( read original story ...)
Auto Financier Yixin Launches $900 Million IPO
Yixin Group Ltd., an online car financing company backed by three of China’s top internet companies, is hurtling ahead with a Hong Kong IPO to raise up to nearly $900 million, as enthusiasm on a new generation of financial technology (fintech ... ( read original story ...)
China Literature adds $1.1bn to Tencent’s IPO returns
The response eclipsed the $1.5 billion IPO in September of China's first and largest insurance technology company, ZhongAn Online P&C Insurance, in which Tencent also has a 10% stake. Funding commitments to China Literature totaled 520 billion Hong Kong ... ( read original story ...)
Tencent’s Online Book Unit Raises $1.07 Billion in Hong Kong Offering
from an initial public offering (IPO) in Hong Kong, after selling its shares at the top end of an indicative price range. China Literature Ltd., the largest online publisher and electronic book seller in China, is selling 151.37 million shares at HK$55 ... ( read original story ...)
Hong Kong tech fervour defies Western IPO wobbles
Investors have snapped up shares in Razer, a maker of keyboards for gamers, and China Literature, an electronic publisher backed by Tencent. That contrasts with signs of IPO fatigue in New York and London. Limited supply, particularly in tech, has helped ... ( read original story ...)
Startup Accelerator Betatron Launches Cohort Two, Investing In Eight More Hong Kong Companies
For early-stage startups, raising a seed round from angel investors can sometimes be easier than expected, especially in a city like Hong Kong where the average wealth per individual is relatively high. But taking a startup to the next level and closing a ... ( read original story ...)
Jailed Hong Kong democracy activists win last chance to appeal
HONG KONG (Reuters) - A Hong Kong court on Tuesday allowed three jailed young activists, who spearheaded pro-democracy protests that brought much of the Chinese-ruled city to a halt in 2014, a final chance to appeal against their sentences. Hong Kong's ... ( read original story ...)
Hong Kong clears young activists to appeal prison sentences
Hong Kong's top court on Tuesday gave three young democracy activists ... for their roles in an unlawful assembly that sparked the protests. "It's really good news for us," Wong told reporters after the hearing, though he noted the "three of us still ... ( read original story ...)
Hong Kong democracy activists win last chance to appeal jail terms in highest court
HONG KONG (Reuters) - An appeal against the controversial jailing of three young democracy activists will be heard in Hong Kong's highest court in January, after the Court of Final Appeal decided on Tuesday to allow it. Hong Kong's appeals court jailed ... ( read original story ...)
Hong Kong court grants activist Wong’s prison appeal bid
Hong Kong's top court on Tuesday granted a bid by three young democracy activists including Joshua Wong to appeal a prison sentence related to their involvement in huge 2014 pro-democracy protests in the Chinese-controlled city. The decision gives Wong and ... ( read original story ...)