Posts Tagged ‘ initial public offering ’

Hong Kong To Beef Up IPO Rules

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The Hong Kong Securities and Futures Commission (SFC) has launched a two-month consultation on enhancing the regulatory regime of listing sponsors. The SFC proposes that sponsors should be reasonably satisfied that information in an initial public offering prospectus is true, accurate and complete. (read the story…) Related items Hong Kong To Implement AML Guidelines...

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HK regulator looking at criminal liability for IPO sponsors

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HONG KONG (Reuters) – The head of Hong Kong's market watchdog said on Wednesday that it will consider making investment bankers criminally liable if they are found to have been negligent in their duties when helping companies to go public. Securities and Futures Commission Chief Executive Ashley Alder told Reuters that a forthcoming consultation...

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Hong Kong watchdog fines Mega Capital over IPO failings

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HONG KONG (Reuters) – Hong Kong's securities regulator on Sunday fined Mega Capital (Asia) HK$42 million (3.35 million pounds) and revoked its corporate finance advisory licence for disclosing false and misleading information in a 2009 initial public offering for a Chinese fabric maker for which it was the sole sponsor. The Securities and Futures...

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Tesco raising $600mln in Asia's No.2 IPO of yr: sources

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HONG KONG (Reuters) – A unit of British retailer Tesco Plc is raising about $600 million in Asia's second largest initial public offering (IPO) of 2012, pricing the high-yielding property fund at the top end of expectations. The strong demand for the offering, the biggest in Thailand in almost six years, was in stark...

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Graff Diamonds Said to Plan Hong Kong IPO for Second Quarter

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Graff Diamonds Ltd., the London- based retailer whose founder twice set records buying gems at auction, may conduct an initial public offering to raise as much as $1 billion in Hong Kong in the second quarter of this year, said two people with knowledge of the matter. (read more…) Related items Graff Diamonds Said...

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Angry Birds creator Rovio: No IPO in 2012

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Angry Birds creator Rovio has confirmed that it is not seeking to join the stock market this year, but is still looking to list an initial public offering in the next few years. The company, whose popular Angry Birds franchise topped 500 million downloads in total last November, had originally stated that it was...

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PCCW’s HKT Trust Will Generate Stable Returns, Executive Director Says

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PCCW Ltd. (8) ’s telecommunications business trust forecast stable investment returns after concerns that dividend payouts may be unsustainable damped demand for the unit’s initial public offering. (more…) Related items PCCW’s HKT Trust Will Generate Stable Returns, Arena Says PCCW Approved for First H.K. Business Trust PCCW trust makes steady debut in Hong Kong...

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PCCW’s HKT Trust Will Generate Stable Returns, Arena Says

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PCCW Ltd.’s telecommunications business trust forecast stable investment returns after concerns that dividend payouts may be unsustainable damped demand for the unit’s initial public offering. (more…) Related items PCCW’s HKT Trust Will Generate Stable Returns, Executive Director Says PCCW Approved for First H.K. Business Trust PCCW trust makes steady debut in Hong Kong PCCW...

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Hong Kong jeweller aims to raise $3.7 billion in IPO

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HONG KONG – Hong Kong-based Chow Tai Fook Jewellery Co. told investors Monday it is seeking to raise up to US$2.8 billion (S$3.7 billion) in an initial public offering that would create a new publicly listed giant in luxury goods. (read the news…) Related items Chow Tai Fook $2.8 Billion IPO May Top 2011...

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Hong Kong jeweller aims to raise $2.8 bln in IPO

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Staff are seen in a Chow Tai Fook Jewellery Co. store in Hong Kong in mid-November 2011. The firm told investors Monday it is seeking to raise up to $2.8 billion in an initial public offering that would … (read the story…) Related items Hong Kong jeweller targets $3.5bn in float Hong Kong jeweller...

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