Midea Group, the world's largest home appliance maker, announced on Sunday plans to raise up to HK$27 billion ($3.46 billion) in an IPO at the Hong Kong Stock Market, possibly the biggest IPO at the ...
Scammers get Hong Kong man, 74, to stay in hotels for a week, steal HK$16 million from him
Police say retiree fell to phone scammer who impersonated mainland government investigator, while alleged suspect in con possibly a victim himself.
Midea Starts Taking Investor Orders for Up to $3.5 Billion Hong Kong IPO
Midea Group Co. has started taking investor orders for an up to $3.5 billion share sale in Hong Kong, what is set to be the city’s biggest listing in more than three years. Most Read from BloombergWor ...
Home appliance giant Midea seeks to raise US$3.46 billion with Hong Kong IPO
Midea Group is seeking to raise up to US$3.46 billion with an IPO, which would be one of the city’s biggest new-share sales in about three years.
China’s Midea Group launches $3.5 billion share offering in Hong Kong
By Scott Murdoch (Reuters) -Chinese home appliance maker Midea Group on Monday launched a share offering of about HK$26.97 billion ($3.46 billion) in Hong Kong, according to its filings, in the city's ...
Hong Kong’s ZA Bank achieves monthly net profitability
The bank has over 800,000 users in the city. ZA Bank, one of Hong Kong’s digital banks, has reached monthly net profitability four years after its launch. This makes it the first of Hong Kong’s eight ...
Hong Kong to ramp up promotion of coming mega events to help boost economy, Paul Chan says
Financial Secretary Paul Chan says mega events will give business travellers sightseeing opportunities as they head to international summits.
Jihong schmoozes IPO Investors With Cross-border Social E-Commerce Story
Jihong Technology’s revenue fell 21.7% in the first half of this year to 2.45 billion yuan, while its profit plunged 62% to 66 million yuan The company, which has filed for a Hong Kong IPO, gets about ...
China Market Update: Typhoon Gives Hong Kong Three-Day Weekend, Week In Review
Asian equities were largely lower as Thailand and Taiwan outperformed while India was a rare underperformer.
Former investment banking head of China’s Haitong securities arrested
HONG KONG (Reuters) - The former investment banking head of one of China's largest securities firms Haitong Securities has been arrested, the latest high-profile banker targeted during China's ...
JPMorgan names Kwang Kam Shing as its new Hong Kong CEO, replacing Harshika Patel
JPMorgan named Kwang Kam Shing as its new Hong Kong CEO, taking over for Harshika Patel, who will remain as head of the firm's Asia Private Bank. Kwang will report to Sjoerd Leenart, the Asia-Pacific ...
Hong Kong billionaires tried to become majority holders in The Star but backed off after checks
The head of the NSW casino regulator revealed Chow Tai Fook Enterprises attempted to become a majority shareholder in The Star but backed off after learning the probity checks it would have to undergo ...
Hong Kong’s green bonds gain prominence amid infrastructure spending surge
Hong Kong is increasingly turning to green bonds as a key strategy to finance its rising infrastructure costs, which are expected to peak in the coming years. The city has already issued approximately ...
EY Keeps 2024 HK IPO Fundraising Forecast at $50B
Midea Group's Hong Kong IPO is about to take place. The company is rumoured to raise about US$4 billion in the offering, equivalent to about HK$31.2 billion, making it the largest IPO of the year.