Tag: ipo

HONG KONG (Reuters) - JD.com Inc’s finance arm is looking to raise about 12 billion yuan ($1.9 billion) in fresh equity that could see its value double from last year to more than $20 billion, three people with knowledge of the matter said. The unit of ... ( read original story ...)

UBS Group AG faces a race against the clock in Hong Kong. The Swiss bank, under threat of a regulatory suspension from acting as a so-called sponsor on initial public offerings in the city, has such a role on roughly an estimated $4.5 billion of deals ... ( read original story ...)

SINGAPORE (Reuters) - Royal Dutch Shell (RDSa.L) is close to bagging a deal to supply Hong Kong with liquefied natural gas (LNG), beating out major competitors for the right to be the first company to supply LNG to the city. Shell has edged out companies ... ( read original story ...)

The Hong Kong Monetary Authority’s (HKMA) recent position paper on virtual banking reinforces the inward looking, bureaucratic self-defence of Hong Kong at its most oblivious. Hong Kong struggles with its own creativity drought. Besides the problem that ... ( read original story ...)

Hong Kong stocks fell on Wednesday ... Huatai Securities Co Ltd which fell 2.0 per cent and Postal Savings Bank of China Co Ltd down by 1.8 per cent. About 1.76 billion Hang Seng index shares were traded, roughly 68.9 per cent of the market's 30-day ... ( read original story ...)

The Hang Seng Index fluctuated within a narrow range of 248 points ... per cent and 0.5 per cent respectively to 1,895.31 and 1,872.68. Agricultural Bank of China’s Hong Kong-listed shares surged 5.4 per cent to close at HK$4.71. Its Shanghai-traded ... ( read original story ...)

HONG KONG (Reuters) - Hong Kong’s securities regulator is pursuing disciplinary action against eight firms for alleged misconduct in their roles sponsoring initial public offerings (IPOs) in the Asian financial hub, a senior official said on Wednesday. ( read original story ...)

Financial Secretary Paul Chan: Hong Kong has also put in place a comprehensive anti-money laundering and counter-terrorist financing regime. It's built on a robust legal framework, effective law enforcement, rigorous preventive measures, capacity-building ... ( read original story ...)

Hong Kong flag carrier Cathay Pacific on Wednesday booked the first ... The firm's report was its worst since 2008 during the global financial crisis, as lower-cost Chinese airlines ate into market share while it took a major hit from fuel costs. ( read original story ...)

IOI Properties Group Bhd (IOI Prop) has terminated its agreement with Hongkong Land International Holdings Ltd ... This is because the group has sufficient in-depth expertise, financial capabilities and track record of other completed projects in Singapore ... ( read original story ...)

BOC Hong Kong added 0.38 percent and Henderson Land was unchanged. The lead from Wall Street is soft as stocks failed to hold a higher open Tuesday before sliding firmly into negative territory. The Dow slid 171.58 points or 0.68 percent to 25,007.03 ... ( read original story ...)

HONG KONG: UBS has told staff that it is “business as normal,” after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). In an internal memo sent by Andrea Orcel and David ... ( read original story ...)

Reuters reports that The Hong Kong Securities and Futures Commission (SFC) had been investigating UBS’s role as a sponsor — or lead underwriter — of some IPOs listed on the Hong Kong Stock Exchange, it said. “In March 2018, the SFC issued a ... ( read original story ...)

The top gainer on Hang Seng was Hong Kong and China Gas Co Ltd up 1.79 percent ... The top gainers among H-shares were Agricultural Bank of China Ltd up 4.92 percent, followed by Guangdong Investment Ltd gaining 1.97 percent and Bank of China Ltd up ... ( read original story ...)