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22 Jan Chinese grilled fish diner chain considering Hong Kong IPO, sources say

Posted at 09:13h in Asia

Shenzhen Gantang Mingshan Catering, the company behind popular Chinese restaurant chains including grilled fish diner Tanyu, is weighing an initial public offering (IPO) in Hong Kong as soon as this year, according to people familiar with the matter.China International Capital Corp (CICC) is working with...

22 Jan These robots could make your next fast food meal

Posted at 09:00h in Canada

Flippy is making burgers, Chippy is cooking french fries, and Remy is serving up salads. Customers may not even notice them, but robots are becoming more common behind the counter at fast food kitchens.At Food Republic, a quick-service joint in Vancouver, Remy looks like a...

22 Jan Saudi Arabia’s Sabic gives its go-ahead for building US$6.4 billion ethylene plant in Fujian

Posted at 08:53h in Asia

Saudi Basic Industries Corporation (Sabic) will go ahead with building a petrochemical complex in southeastern China’s Fujian province, the company said in an exchange filing on Sunday, shoring up Saudi ties with China, the world’s top oil importer.The project, expected to cost around US$6.4...

22 Jan BlackRock to sell Shanghai office towers acquired for US$167 million in 2018 for 30 per cent discount, sources say

Posted at 08:45h in Asia

BlackRock is seeking to sell an office complex in Shanghai at about a 30 per cent discount to its purchase price, people with knowledge of the matter said, reflecting the sluggish commercial property market in China’s biggest city.The New York-based asset manager is...

22 Jan Opinion | Could Asia’s home rental market be the next big thing for investors?

Posted at 08:30h in Asia

Global commercial property investment markets are a hodgepodge of divergent themes and trends, a function of countries’ differing levels of development and maturity. In the United States, the office sector accounted for just 19 per cent of transaction volumes over the past six years, compared...

22 Jan Amer Sports, owner of Wilson and Salomon brands, mulls raising up to US$1.8 billion in US IPO, sources say

Posted at 05:23h in Asia

Amer Sports, the maker of Wilson tennis racquets and Salomon ski boots, is seeking to raise as much as US$1.8 billion in a US initial public offering, according to people familiar with the matter.The company could market about 100 million shares in a range of...

22 Jan Hauser & Wirth’s new Hong Kong gallery to open in Central on Wednesday, aims to make art more accessible

Posted at 04:45h in Asia

The total gallery space, excluding private viewing rooms, is around a third larger than the previous location, with most of it on the ground floor. Most importantly, the gallery’s artists are thrilled to be in a far more visible space, says Asia managing partner Elaine...

22 Jan US presidential election: Trump’s 2016 win shook markets. Traders will not get fooled again

Posted at 04:41h in Asia

“This time the markets will be aware of both possibilities and price them to some extent – we wouldn’t expect the same volatility as we saw in 2016 after the election,” said Daniel Tobon, head of G10 FX strategy at Citigroup Global Markets.Supporters listen to...

22 Jan ChatGPT CEO Altman wants to raise billions of dollars to build AI chip factories, sources say

Posted at 04:30h in Asia

OpenAI chief executive officer Sam Altman, who has been working to raise billions of dollars from global investors for a chip venture, aims to use the funds to set up a network of factories to manufacture semiconductors, according to several people with knowledge of...

22 Jan Hong Kong stocks extend slide to approach 15-month low as China banks hold lending rates, snubbing easing bets

Posted at 02:52h in Asia

Hong Kong stocks declined to near a 15-month low following a three-week rout, after China kept lending rates tied to mortgages unchanged, disappointing investors betting on measures to prop up the economy.The Hang Seng Index slipped 1.1 per cent to 15,135.36 at 10am local...

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