Taibang Biologic Group, a plasma-derived biopharmaceutical product maker, has chosen banks for an initial public offering in Hong Kong, according to people familiar with the matter.Most Read from ... ( read original story ...)
China Tourism’s duty free shop picks Hong Kong for US$2.5 billion IPO as the world’s largest travel retailer raises capital to expand
The world's largest travel retailer aims to raise up to US$2.5 billion, making it the largest IPO in Hong Kong in 14 months The company will start its public offering from Monday to Thursday, to be ... ( read original story ...)
BOC HK, BOC Life launch green savings insurance plan
It offers up to a 3% annualised guaranteed rate of return at policy maturity. Bank of China (Hong Kong) (BOCHK) and BOC Group Life Assurance Company (BOC Life) have launched the BOC Life iGreen ... ( read original story ...)
Philippine tycoon and Duterte supporter Uy’s business may face US$959mil debt bill
The business empire of Philippine tycoon Dennis Uy, which recently made headlines with a notice of default, may face nearly US$700 million (S$959 million) worth of loans maturing this year. ( read original story ...)
CTG Duty Free Aims to Raise $2.2 Billion With Hong Kong Listing
China Tourism Group Duty Free Corp. is seeking to raise as much as HK$17 billion ($2.17 billion) by selling shares in Hong Kong, in what could be the city’s biggest offering this year. Most Read from ... ( read original story ...)
Break up HSBC to unlock £28bn, say Chinese: Bank’s top shareholder Ping An ramps up campaign to spin off Asia business
Ping An said HSBC had exaggerated the downsides of a spin-off and ignored the long-term value a separate Asian business would generate. ( read original story ...)
HSBC oversold risks of $35 billion Asia spin-off, investor Ping An thinks – source
By Selena Li, Lawrence White and Anshuman Daga HONG KONG/LONDON (Reuters) – HSBC overstated the risks of spinning off its Asia unit when it rebuffed such a proposal by shareholder Ping An Insurance ... ( read original story ...)
Hong Kong’s TOP Financial stock rallies 52% after sliding last two sessions
Hong Kong online brokerage TOP Financial (TOP) saw its shares rocket over 50% on Thursday after losing significant ground the last two sessions ... ( read original story ...)
BOCHK and BOC Life launch Hong Kong’s first green insurance plan certified by an independent third party
Bank of China (Hong Kong) (“BOCHK”) and BOC Group Life Assurance Company Limited (“BOC Life”) have announced the launch of BOC Life iGreen Savings Insurance Plan − Hong Kong’s first-ever green ... ( read original story ...)
Breaking up HSBC would unlock up to £29bn payday, says Chinese shareholder
Insurer accuses lender of ‘exaggerating’ challenge of spinning off its Asian business The Chinese investor campaigning to break up HSBC believes a split would unlock as much as $35bn (£28.6bn) in ... ( read original story ...)
China: Xi’s ‘Zero Covid Policy’ develops fault lines between administration, citizens
Owing to the hard-line “Zero Covid Policy” of the authoritarian regime of Xi Jinping in China, the number of people protesting in the country is witnessing a perpetual rise. The peaceful protests have ... ( read original story ...)
HSBC overstated risks of proposed $35 bln spin-off, top investor Ping An thinks – source
HSBC overstated the challenges in spinning off its Asia unit, a move which could unlock up to $35 billion for investors, when it rebuffed a proposal by Ping An Insurance Group, said a source familiar ... ( read original story ...)
HSBC overstated Asia spinoff risks, top shareholder Ping An thinks – source
HONG KONG/LONDON (Reuters) -Chinese insurer Ping An Insurance Group believes HSBC has overstated the challenges and difficulties of spinning off the bank, said a source with direct knowledge of the ... ( read original story ...)
Ping an Sees HSBC Overstating Spin-Off Challenges – Source
The bank has came under pressure from Ping An in April to explore options including spinning off its mainstay Asia business to increase shareholder returns. HSBC pushed back against the proposal ... ( read original story ...)