SPACs, or special purpose acquisition companies, tend to be worse investments than standard initial public offerings, says Renaissance Capital's Kathleen Smith. ( read original story ...)
BoC blocks attempt to smuggle fake cigarettes worth P220 M
Separate attempts to smuggle illegal shipment of cigarettes into the country were recently foiled by the Bureau of Customs. ( read original story ...)
BOC intercepts P121M worth of smuggled cigarettes in Subic
The Bureau of Customs (BOC) has intercepted more than a hundred million pesos worth of smuggled cigarettes at the Port of Subic. ( read original story ...)
U.S. IPO market channels spirit of ’99 to tee up bumper 2020
A host of companies have filed for U.S. initial public offerings (IPOs) this week in the busiest period in recent history, as businesses rush to take advantage of ample investor appetite for new ... ( read original story ...)
Yum China Seeks Up to $2.5 Billion From Hong Kong Share Sale
Yum China Holdings Inc. is seeking to raise as much as HK$19.6 billion ($2.5 billion) from a second listing in Hong Kong, adding to the list of mega stock offerings in the Asian financial hub.The ... ( read original story ...)
Hong Kong stocks touch one-month high on economic recovery hopes
Hang Seng up 0.6%, H-shares down 0.2% * Fed signals shift from inflation worries to growth support * Hong Kong eases some coronavirus measures as new cases fall . HONG KONG, Aug ... ( read original story ...)
Hong Kong police sift the past to pursue new security law crimes
Hong Kong police are using the past words and deeds of government critics to bolster investigations under the city's sweeping new security law, despite the legislation not being retroactive. ( read original story ...)
China’s Xpeng increases U.S. IPO size to $1.5 billion, say sources
Chinese electric vehicle maker Xpeng has increased the size of its U.S initial public offering (IPO) to about $1.49 billion, according to two sources with direct knowledge of the matter. ( read original story ...)
Hong Kong media firm Next Digital executives say HSBC has frozen their bank, credit card accounts
Next Digital CEO Cheung Kim-hung says he is unable to withdraw money, while chairman’s aide Mark Simon says his personal and credit card accounts have been frozen. ( read original story ...)
Ant Group’s IPO May Push Down Cost of Borrowing in Hong Kong
Mega share sales in Hong Kong in recent years have typically driven up the cost of borrowing as investors clamor to buy the stocks on margin. Ant Group’s upcoming initial public offering may end up ... ( read original story ...)
Hong Kong shares end lower as Sino-U.S. tensions simmer
Hong Kong’s benchmark share index ended lower on Thursday as tensions between the United States and China weighed on sentiment, and as global investors awaited the outlook on monetary policy from U.S. ( read original story ...)
Ant Group’s IPO May Drive Down Cost of Borrowing in Hong Kong
Mega share sales in Hong Kong in recent years have typically driven up the cost of borrowing as investors clamor to buy the stocks on margin. Ant Group’s upcoming initial public offering may end up ... ( read original story ...)
U.S. Blasts HSBC for Siding With China Over Hong Kong
HSBC Holdings Plc has been accused by U.S. Secretary of State Michael Pompeo of aiding the Chinese government’s clampdown on Hong Kong. ( read original story ...)
Ant Group’s mega IPO will reward staff and early investors, including the businesses of two of Hong Kong’s wealthiest families
Ant Group's upcoming dual listing, likely to be the largest in global financial history, will reward the staff and early investors of the world's biggest fintech company, including companies ... ( read original story ...)