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 ...)
China’s Wanda taps Citigroup, CLSA, UBS for sports unit IPO – sources
SAN FRANCISCO/HONG KONG, Jan 22 (Reuters) - Chinese conglomerate Dalian Wanda Group has tapped three banks including Citigroup Inc and UBS Group AG to work on a proposed initial public offering for its sports businesses, four people with knowledge of the ... ( 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 ...)
“I’m a second-year analyst at HSBC in Hong Kong: this is my reality”
How I got into HSBC in Hong Kong. And what it’s really like working here. https://news.efinancialcareers.com/hk-en/306057/chinese-banks-hiring-hong-kong-q4-2017/ I started as an analyst at HSBC’s investment bank in Hong Kong in July 2016, having ... ( read original story ...)
Blistering hiring by Chinese banks drives 78% increase in Hong Kong finance jobs
“The rapidly growing influence of China on Hong Kong’s financial services market has been a boon for the island’s banking and financial services sector,” says Richie Holliday, chief operations officer of Morgan McKinley Asia Pacific. Chinese banks ... ( read original story ...)
Global Treasure Bank Issues its first Bank Cards in Myanmar with UnionPay International
YANGON, Myanmar, Jan. 22, 2018 /PRNewswire/ -- Global Treasure Bank (GTB) today launched its first set of ... the favourite travel destinations for people in Myanmar - such as Hong Kong, Singapore, Thailand and more. Mr. Wenhui Yang, General Manager ... ( read original story ...)
Indian woman in Hong Kong scammed by fake ‘consulate official’
HONG KONG: An Indian woman based in Hong Kong became the city's ... She was told over the phone to transfer money to an Indian bank account. It is unclear what kind of visa application she had submitted and how the scammers knew about her submission. ( read original story ...)
C-Mer’s Lam is Hong Kong’s richest ophthalmologist, after shares soar fourfold in IPO week
Dr Dennis Lam Shun-chiu, the popular ophthalmologist who founded C-Mer Eye Care Holdings, has become Hong Kong’s richest eye doctor – and perhaps one of the world’s richest medical professionals. C-Mer, the Hong Kong eye clinic backed by Tencent ... ( 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 ...)
From mortgages to NAFTA, the Bank of Canada shows it has real political clout: Don Pittis
he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and the BBC in London. He is currently senior producer at CBC's business unit. Bank of ... ( read original story ...)
With an eye on global technology IPOs, Hong Kong kicks off its biggest auditor reform in decade
with the aim of positioning Hong Kong as a hub for technology initial public offerings. Under the Financial Reporting Council (Amendment) Bill 2018, which the government gazetted on Friday and is to be presented before lawmakers on Wednesday, the Financial ... ( read original story ...)
Web of lawsuits involving Hong Kong finance firm Convoy to be heard in court together in March
Three separate legal cases involving troubled financial firm Convoy Global Holdings will be heard together on March 6, a Hong Kong High Court judge ruled on Friday. Mr Justice Jonathan Harris ruled that a case brought by a small shareholder, Zhu Xiaoyan ... ( read original story ...)