Tag: ipo

Hong Kong stocks ended lower on Wednesday, as investors took profits in tech shares including Chinese internet giant Tencent and financial stocks, after the index rose to a fresh 10-year intraday high in the morning. The Hang Seng Index fell 0.3 per cent ... ( read original story ...)

Foreign bank’s exposure to mainland China stood at US$1.89 trillion – a record high – at the end of the first half of this year, according to data from ratings agency Fitch. Tighter liquidity on the mainland, easy liquidity in Hong Kong and Chinese ... ( read original story ...)

HONG KONG (Reuters) - Tencent’s e-book unit China Literature Ltd (0772.HK) saw its shares surge more than 80 percent in their debut on Wednesday, as Hong Kong investors embrace a rush of tech listings, marking the biggest first-day gain for a large IPO ... ( read original story ...)

“We want to become China’s version of Marvel,” Wu said then. “Through this IPO, we want to bring Chinese original literature to a more Hong Kong and global audience. In future, the company will try to develop products based on the IP we ... ( read original story ...)

Lord Hain believes that HSBC needs to be investigated for “possible criminal conspiracy” over money laundering for South Africa’s Gupta family who, in turn, are alleged to have unlawfully profited from ties to President Jacob Zuma. These allegations ... ( read original story ...)

HONG KONG (Reuters Breakingviews) - Hong Kong’s listing market looks more Chinese every day. China Literature, the online publishing arm of mainland tech colossus Tencent, smashed the chandeliers in its $1.1 billion Hong Kong debut, soaring more than 80 ... ( read original story ...)

Shares in China Literature, Tencent Holdings’ online publishing arm and the mainland China’s largest online publishing and e-book website, soared 64 per cent in early trading in Hong Kong on Wednesday, in what’s being dubbed the city’s hottest IPO ... ( read original story ...)

Shares in China Literature, Tencent Holdings’ online publishing arm and mainland China’s largest online publishing and e-book website, rocketed 88 per cent in value by late morning, after initially jumping 64 per cent immediately in early trading in ... ( read original story ...)

Hong Kong demand for new share sales has hit fever pitch, with 417,000 people applying for lots in Tencent Holdings Ltd.’s online bookstore unit - more than 5 per cent of the city’s population. China Literature Ltd.’s retail offering was 625 times ... ( read original story ...)

HONG KONG (BLOOMBERG) - Hong Kong demand for new share sales has hit fever pitch, with 417,000 people applying for lots in Tencent Holdings' online bookstore unit - over one-in-20 or more than 5 per cent of the city's population. China Literature Ltd's ... ( read original story ...)

The global frenzy for technology stocks sent shares of China Literature Ltd. surging on their first day of trading in Hong Kong. China Literature’s 0772, +0.00% shares started trading above 90 Hong Kong dollars (US$11.53), compared with the offer ... ( read original story ...)

Shares in Tencent’s e-book subsidiary China Literature rocketed 81.8 per cent after trading in Hong Kong opened on Wednesday in the biggest tech IPO in the market in ten years. China Literature raised HK$8.3bn ($1.1bn) in a heavily oversubscribed IPO ... ( read original story ...)

Shares in Tencent’s ebook subsidiary China Literature rose as much as 100 per cent on their trading debut in Hong Kong on Wednesday, in the city’s biggest technology initial public offering in 10 years. China Literature raised HK$8.3bn ($1.1bn ... ( read original story ...)

Forgive my little bemusement over all the recent fuss in Hong Kong about building our links into the Greater Bay Area. Don’t get me wrong: I think it is a great idea. But I need to ask a simple question: what do people think we in Hong Kong have been ... ( read original story ...