Toshiba considering IPO for memory chip unit

Hong Kong-based activist investor, Argyle Street Management Ltd, a hedge fund with $1.2 billion under management, has voiced opposition to the sale, saying it was no longer necessary and that the board should consider an IPO instead. Toshiba shares hit a ... ( read original story ...)

Saudis Shortlist New York, London, Hong Kong For Aramco IPO

Saudi Arabia has shortlisted New York, London, and Hong Kong for the initial public offering of its oil giant Aramco, with the three exchanges considered either singly or a combination of two of them, or even all three, Reuters reported on Thursday, citing ... ( read original story ...)

Dalian Wanda taps IPO sponsors

Meanwhile, SoftBank has reportedly agreed to invest US$400 million in Ping An Insurance Group's (2318) Ping An Good Doctor, an online medical platform which allows users to consult doctors for diagnosis, ahead of its Hong Kong IPO. Ping An Good Doctor ... ( read original story ...)

Toshiba said to be considering IPO for memory chip unit

The IPO is one of various contingency plans being looked at by ... which with tax write-offs gives it sufficient funds to cover its liabilities. Hong Kong-based activist investor, Argyle Street Management, a hedge fund with $1.2 billion under management ... ( read original story ...)

Hong Kong Hang Seng closes at record high

The Hang Seng index climbed 79 points ... The recent rally of Hong Kong shares tracked gains on global markets including Wall Street's main indexes. Rand firms slightly ahead of Reserve Bank announcement The rand was marginally stronger against major ... ( read original story ...)