In December 2016, Ruyi acquired British heritage brand Acquascutum from its then owner YGM Trading in Hong Kong and most recently it bought ... with their existing China business, according to McKinsey&Company, a global management consulting firm. ( read original story ...)
Saudi Aramco’s IPO: Will It Happen?
McKinsey & Co. estimated the value of Aramco in 2005 at $781 ... Several exchanges are competing for the honor, including those in London, Hong Kong, Tokyo and New York. Each market has its pros and cons. “Aramco public listing should be made on the ... ( read original story ...)
One of the most senior women in the hedge fund business identified the problem almost every fund has
In 2017, McKinsey studied 1,000 public companies in 12 countries ... Fund managers react during a boxing match at the ‘Hedge Fund Fight Nite’ charity event in Hong Kong October 30, 2008. There were 3,000 hedge funds in 1998 when I started, controlling ... ( read original story ...)
HKEX to offer concessions for U.S. and UK-listed firms to list in Hong Kong
HONG KONG (Reuters) - Hong Kong Exchanges and Clearing (HKEX) (0388.HK), the city’s exchange operator, said on Friday it plans to offer concessions to U.S. and UK-listed companies considering a secondary listing in Hong Kong. The plans are part of the ... ( read original story ...)
Hong Kong drug firm’s shares rise after it brings in top Chinese hemp producer to explore medical uses of cannabis
Shares in Hong Kong pharmaceutical company Meilleure Health International ... the net proceeds from the subscription to enlarge its capital base and prepare for any business development opportunities, especially the development of the hemp health industry ... ( read original story ...)
Hong Kong cosmetics retailer Sa Sa to close all stores in Taiwan
Hong Kong cosmetics retailer Sa Sa International Holdings will ... Having considered the interests of the group and the shareholders, we decide to close our business in Taiwan so that we can concentrate our resources on other markets and businesses ... ( read original story ...)
Computer shops embrace lucrative business: outfitting cryptocurrency miners
motherboards and power supplies in Hong Kong and mines cryptocurrencies in Russia, where electricity is cheaper and the climate is more suitable. The demand for the rigs has added a new dimension to Asia’s tech shopping hubs whose once bustling business ... ( read original story ...)
Hong Kong gold exchange seeks to create gold trading corridor along Belt and Road
The Chinese Gold & Silver Exchange Society (CGSE), Hong Kong’s gold exchange, is in talks with Singapore, Myanmar and Dubai to establish a gold commodity corridor to promote yuan-denominated products under China’s Belt and Road Initiative, according to ... ( read original story ...)
Nirav Modi’s Taiwan, Surat, Hong Kong and Dubai connections
Documents accessed by Business Standard show owners of suspected Hong Kong-based shell companies are spread across the globe. Documents accessed by Business Standard show some of the Hong Kong-based entities to which at least $45 million was paid in less ... ( read original story ...)
Hong Kong’s Hang Seng Bank beats forecasts with 23 per cent profit rise, says to expand fintech
“As Hong Kong’s leading domestic bank, we will launch more fintech initiatives that align with our customer-centric business strategy to help drive in a new era of ‘smart banking’ in our city,” she said. The bank will also launch second public ... ( read original story ...)
Hong Kong says case against former chief still open
Hong Kong's Department of Justice is still considering whether to prosecute the city's former leader, Leung Chun-ying, over a controversial payment by Australian engineering firm UGL in 2011 as part of a deal to acquire his commercial real estate business ... ( read original story ...)
Hong Kong directors buy more of their companies’ shares in Lunar New Year holiday week
Buying of shares in their own companies by Hong Kong directors surged during the holiday-shortened week of February 12 to 15, after falling for three straight weeks, while selling plunged, based on filings to the Hong Kong stock exchange. A total of 18 ... ( read original story ...)
Hong Kong home prices might surge by 10 per cent this year, says sales head at Henderson
Hong Kong, the world’s most expensive real estate market, could see home prices rise by another 10 per cent this year after a 14 per cent gain last year, according to the head of sales at one of the city’s largest developers. The projection ... ( read original story ...)
Hong Kong offers Indian startups unique edge in proximity to Mainland market: Stephen Phillips, Director-General InvestHK
The Director-General of Hong Kong’s investment promotion body is in the country for a five-day visit to engage with local business community and entrepreneurs. Stephen Phillips is the Director-General of Investment Promotion at Invest Hong Kong ... ( read original story ...)