Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering (IPO), set to be the city’s largest new-share sale of the year, regulatory filings showed on Monday.The Chengdu-based company is offering 147.7 million...
“The listing in Nasdaq will elevate the brand in a totally different way, globally,” said Yulo-Luccini. “And as we build more hotels, the more recognised the brand will be, the bigger the ecosystem and more beneficial to all the stakeholders.”Hannah Yulo-Luccini, Hotel101 chief executive officer....
Hong Kong’s stock exchange operator is reaching out to companies in Saudi Arabia and Indonesia as it seeks to broaden its potential listing candidates from emerging markets, after losing some big initial public offering (IPO) prospects from mainland China.“We have recently engaged in preliminary communications...
However, amid sluggish IPO activity, the take-up rate has been minimal so far.People pass under screens showing index and stock prices outside Exchange Square in Central, home of the city’s bourse operator Hong Kong Exchanges and Clearing, on February 15, 2024. Photo: Sun YeungIn the...
China’s initial public offerings (IPOs) tumbled 65 per cent in the first quarter, a trend that is likely to persist through the year as the securities regulator has pledged to improve the quality of new listings and apply more scrutiny to listing applicants.Twenty-eight companies have...
Swiss agrichemicals and seeds giant Syngenta Group has withdrawn its application for a listing in Shanghai amid mainland China’s slowing equities market, dashing hopes for one of the largest share sales this year in the country’s commercial hub.The Shanghai Stock Exchange said it had terminated...
China’s major stock exchanges are facing a tough start to the year as proceeds from initial public offerings (IPOs) in Hong Kong, Shanghai and Shenzhen dwindled. Tighter regulations and the loss of two potential jumbo deals from Alibaba Group Holding suggest no relief any time...
The government and HKEX have been promoting the unique features of the city’s capital market to Middle Eastern and Asean countries since last year, and such efforts will continue, he added.“We are diversifying our sources for new listed companies, as well as the sources for...
Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuringAlibaba Group Holding has decided to withdraw the initial public offering (IPO) for its logistics operation Cainiao in Hong Kong and has offered to buy all remaining shares in the unit, in...
Citic Securities tumbled by the most in 18 months after the Shenzhen Stock Exchange said it would conduct an on-site supervision of China’s biggest brokerage by market value for its role as IPO sponsor of Liangang Optoelectronic Technology.It is the first of its kind investigation...