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  1. Poly dives after calling off share placement

    Posted Aug 19th 2009, 12:00am by Nick Westra, Toh Han Shih

    ... on June 16. On July 13, 2007, corporate governance activist David Webb warned investors on his website to avoid National Investments, then called China Financial Industry Investment Fund, shortly ... Stanley, the placing agent, terminated the share deal, which was to raise HK$300 million to help finance the acquisition of China Infrastructure Industries Corp. 'There was disagreement among ...

  2. Investors urged to learn from the downturn

    Posted Feb 01st 2009, 12:00am by Nick Westra

    ... Nick Westra With investment portfolios reeling from the financial crisis, the local financial industry has stepped up education efforts to help investors weather the storm. JP Morgan Asset ... four modules. The curriculum focuses on the basics of investing and financial planning. 'In good times, investors tend to ignore education because they think they are doing pretty well ...

  3. Haitong deal heralds rush from mainland

    Posted Nov 24th 2009, 12:00am by Amanda Lee, Nick Westra

    ... financial industry. Haitong is to pay NWS Holdings HK$1.82 billion for a 52.9 per cent holding in Taifook Securities Group, making it the controlling shareholder of the company. The deal is part of a growing trend of mainland firms crossing the border to enter Hong Kong's financial services market, said Erwin Sanft, the head of China and Hong Kong equities research at BNP Paribas. ...

  4. Morgan Stanley likely to shed 100 jobs in HK

    Posted Nov 14th 2008, 12:00am by Nick Westra

    ... to follow that.' Layoffs in Hong Kong's financial industry could persist through the first quarter of next year, Mr Leung said. The divisions that will have the most trouble raising ... experience in investment banking. The Asian business of financial giants like Morgan Stanley has been insulated from the global economic downturn, but dramatically slowing revenues and mounting ...

  5. US bank raises US$7.3b from CCB share sale

    Posted May 13th 2009, 12:00am by Nick Westra

    ... joins a growing list of foreign financial firms such as Swiss bank UBS, Royal Bank of Scotland Group and American Express paring their holdings in mainland lenders to raise much-needed cash. ... requires about US$33.9 billion in new capital, the most among major US banks, the US Treasury said last week after conducting stress tests that measured the health of the country's financial ...

  6. Fund manager spreads bets in survival of fittest

    Posted Feb 09th 2009, 12:00am by Nick Westra

    ... the ladder to management positions in the private banking business. His work experience has spanned the financial industry, covering corporate finance, foreign exchange, and private banking ... been a part of the financial industry for over 25 years. When did you decide to work in this field and what sparked your interest? From my days as a teenager and when I was attending school, ...

  7. Bargains aplenty, but is the market out of woods?

    Posted Oct 19th 2008, 12:00am by Nick Westra

    ... of the expectation of waning demand and potential oversupply, Mr Lin said. Investors might want to hold on to mainland financials and industrials, however, because they are better poised to weather ... 'If the share price is going down, it could provide a good opportunity for long-term investors.' Alex Wong, director at Ample Financial Group Doomsday economic forecasts may have ...

  8. Financial counters dive ahead of BEA results

    Posted Feb 17th 2009, 12:00am by Nick Westra

    ... Nick Westra Hong Kong-listed financial stocks slumped yesterday as investors scrambled to reduce exposure to lenders ahead of Bank of East Asia's earnings announcement. BEA fell 4.07 ... Seng Index's decline yesterday. The index fell 98.79 points or 0.73 per cent to 13,455.88 for its third loss in the past four trading days. Its financial sub-index slid 1.12 per cent. ...

  9. Financials fall after minibond buy-back offer

    Posted Jan 24th 2009, 12:00am by Nick Westra

    ... Wong Ka-chun and Nick Westra Shares of financial stocks fell yesterday after Sun Hung Kai & Co agreed to buy back Lehman Brothers minibonds, sparking concern that others in the industry may have to set aside provisions to settle the issue as well. Sun Hung Kai, Hong Kong's largest local brokerage, slid 1.75 per cent to HK$4.50, while BOC Hong Kong (Holdings), which ...

  10. Inspur placement to raise HK$443m for acquisitions

    Posted May 27th 2009, 12:00am by Nick Westra

    ... shares exchangeable into common shares representing a 27.4 per cent stake. The firm paid US$25 million in 2005 for the shares in Inspur, which counts mainland financial giants Industrial ...




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