HONG KONG (Reuters Breakingviews) - Tech fervour is buoying Hong Kong’s new-issue market. Investors have snapped up shares in Razer, a maker of keyboards and mice for gamers, and China Literature, the electronic publishing arm of locally listed ... ( read original story ...)
China online car sales platform Yixin seeks up to US$870m in Hong Kong share offer
Yixin Group, China’s largest car retailing platform, opened its initial public share offering in Hong Kong on Monday, seeking to raise as much as HK$6.77 billion (US$870 million) in what could be the third-largest internet business IPO in the city this year. ( read original story ...)
Auto Financier Yixin Launches $900 Million IPO
Yixin Group Ltd., an online car financing company backed by three of China’s top internet companies, is hurtling ahead with a Hong Kong IPO to raise up to nearly $900 million, as enthusiasm on a new generation of financial technology (fintech ... ( read original story ...)
China Literature adds $1.1bn to Tencent’s IPO returns
The response eclipsed the $1.5 billion IPO in September of China's first and largest insurance technology company, ZhongAn Online P&C Insurance, in which Tencent also has a 10% stake. Funding commitments to China Literature totaled 520 billion Hong Kong ... ( read original story ...)
Tencent’s Online Book Unit Raises $1.07 Billion in Hong Kong Offering
from an initial public offering (IPO) in Hong Kong, after selling its shares at the top end of an indicative price range. China Literature Ltd., the largest online publisher and electronic book seller in China, is selling 151.37 million shares at HK$55 ... ( read original story ...)
Hong Kong tech fervour defies Western IPO wobbles
Investors have snapped up shares in Razer, a maker of keyboards for gamers, and China Literature, an electronic publisher backed by Tencent. That contrasts with signs of IPO fatigue in New York and London. Limited supply, particularly in tech, has helped ... ( read original story ...)
BRIEF-BOC Hong Kong enters agreement with Bank of China
* Consideration for proposed transfer of Philippines business is 4.4026 billion pesos * Consideration for proposed transfer of Vietnam business is USD152 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters ... ( read original story ...)
BOC Hong Kong to Buy Vietnam and Philippines Businesses From Parent for About CNY1.59 Billion
BOC Hong Kong (Holdings) Ltd. (2388.HK) said Monday it plans to buy parent Bank of China Ltd's (3988.HK) Vietnam and Philippines businesses for about 1.59 billion yuan (US$240 million), as part of a restructuring in the Asean region. Continue Reading Below ... ( read original story ...)
Bank of China HK agrees to buy Vietnam, Philippines businesses from parent
BEIJING, Nov 6 (Reuters) - BOC Hong Kong Holdings Ltd , a unit of Bank of China Ltd, said on Monday it had agreed to acquire the Vietnamese and Philippine businesses from its parent for about $238 million, the latest step in the bank’s restructuring in ... ( read original story ...)
Hong Kong tech IPO bonanza a mixed blessing as Coach, Glencore head for the exit
A series of successful recent initial public offerings suggests Hong Kong’s stock exchange may be turning into a listing hub for technology firms. But the transformation is something of a mixed blessing as two large international companies with a ... ( read original story ...)
China’s Shandong Trust gets Hong Kong IPO approval -IFR
HONG KONG, Nov 3 (Reuters) - Shandong International Trust has won approval from the Hong Kong stock exchange for its proposed $300 million listing - the first initial public offering by a mainland trust in more than two decades, IFR reported on Friday. ( read original story ...)
Hong Kong money market rates jump as c.bank soaks up cash
Nov 3 (Reuters) - Hong Kong's money market rates spiked this week to multi-year highs, reacting afresh to the central bank's efforts in the past few months to soak up excess cash, push rates closer to U.S. yields and put a floor under its currency. ( read original story ...)
Hong Kong finance chief Paul Chan defends business registration fee amid criticism from World Bank
The financial secretary has defended his decision earlier this year not to waive the annual business registration fee, even though the World Bank said it had weakened Hong Kong’s competitiveness. Paul Chan Mo-po said the HK$2,000 fee was of a “trivial ... ( read original story ...)
BRIEF-BOC Hong Kong says acquisition of Cambodia business will take place on Nov 6
* Acquisition of Cambodia business will take place on nov 6 as agreed in cambodia asset purchase agreement Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles. ( read original story ...)