Tag: finance

It will become the first U.S. entertainment company to be listed in Hong Kong. Burbank-headquartered STX Entertainment has submitted preliminary paperwork for its planned initial public offering on the Hong Kong Stock Exchange in the form of a draft ... ( read original story ...)

Hong Kong’s financial system is groaning under a deluge of tens of thousands of suspicious financial transaction reports, the number of which has more than quadrupled over the past six years. In 2017 the Joint Financial Intelligence Unit – which acts ... ( read original story ...)

Spending a weekend at last year’s Singapore Sevens just days after feeling the full force of the Cathay Pacific/HSBC Hong Kong Sevens was like the night I had to work behind the bar during my mate’s buck’s party. I was present, it wasn’t ... ( read original story ...)

Everett Harris & Company decreased its stake in China Mobile Hk. Ltd. Adr F (CHL) by 9.42% based on its latest ... The firm has “Hold” rating by HSBC given on Friday, March 24. Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from ... ( read original story ...)

Both Innovent and Ascentage have yet to log any revenues. ETPrimeWe rummaged through some Fortis files. What we found isn’t pretty. HONG KONG: Two Chinese biotechs have axed plans to list in New York and instead aim to raise up to $800 million in Hong ... ( read original story ...)

Robert Simonds’ STX Entertainment has filed a draft prospectus with the Hong Kong Stock Exchange that is expected to lead to an initial public offering of its shares in the coming months. STX, which counts numerous investors from Greater China among its ... ( read original story ...)

HONG KONG (Reuters) - Two Chinese biotechs have axed plans to list in New York and instead aim to raise up to $800 million in Hong Kong IPOs, seeking to cash in on new rules to woo early-stage drug developers, sources said. Fidelity Investments-backed ... ( read original story ...)

I feel that several assertions in Steven Vines’ column about the Spotify IPO need to be corrected (“Spotify’s IPO was a success. Never mind that it’s a loss-making company”, April 18). First, the concept of a “DIY listing” or, as it’s ... ( read original story ...)

Hong Kong stocks fell on Wednesday, tracking a rout in US equities roiled by a sell-off in technology companies and rising bond yields. The Hang Seng Index dropped by 1 ... the prospect that China’s central bank will loosen monetary policies. ( read original story ...)

ACRO Biomedical, a Taiwan-based developer of skin, bone and cornea graft materials, plans to restructure via a reverse takeover and seek an initial public share offer in Hong Kong so that it can tap into the mainland China market. The company, based in ... ( read original story ...)

Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city’s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company’s chairman. The company’s shares jumped ... ( read original story ...)

Other likely candidates include smartphone maker Xiaomi Corp., Alibaba affiliate Ant Financial Services Group and Lufax, the peer-to-peer lending unit of Ping An Insurance (Group) Co. Those three between them could add $300 billion to Hong Kong’s market ... ( read original story ...)

Blockchain is at the core of the Bank of China Hong Kong (BOCHK) operation, with almost all of its real estate appraisals now done via this technology. Company officials say this is part of a concerted foray into financial technology (fintech) and smart ... ( read original story ...)

The hire marks a relatively rare lateral addition for the magic circle firm in Hong Kong, where it has around 25 partners working across a range of practices including corporate, banking, capital markets and disputes. The last local partner hire for the ... ( read original story ...)