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  1. HSBC deal paves Bocom's path to HK share market

    Posted Aug 11th 2004, 12:00am by Staff Reporter

    ... to launch ours as soon as possible.' Frank Yu Fan, an executive director at Goldman Sachs (Asia) which has been advising Bocom on the restructuring, declined to comment yesterday. Goldman, HSBC ... capping total foreign equity investment in a mainland bank at 25 per cent. Under present rules, Bocom would be allowed to float only about 5 per cent of its equity after the HSBC purchase. ...

  2. Judge lashes HSBC for 'the devil's work'

    Posted Jul 20th 2005, 12:00am by Nick Gentle

    ... restructuring deal in 1983, with HSBC as the lead institution, the court heard. Under the deal, no interest would be charged on Esquire's existing $309 million debt with HSBC, which would ... Nick Gentle and Robin Kwong HSBC could face a claim in excess of $400 million after a judge found it acted with a 'total lack of morality and legality' in forcing a troubled firm ...

  3. Banks rally lifts index to fresh 27-month high

    Posted Nov 04th 2003, 12:00am by Staff Reporter

    ... Anette Jonsson The Hong Kong stock market gained for the sixth day in a row yesterday to reach a new 27-month high as liquidity in the market remained strong. Banking giant HSBC led ... market-capitalisation stocks, such as HSBC and China Mobile, was related to the strong rise in the Hang Seng Index futures, dealers said, noting that the November contract rallied 280 points yesterday, compared ...

  4. Listing panel to vet Rusal IPO as firm finalises debt restructuring

    Posted Nov 25th 2009, 12:00am by Howard Winn

    ... the restructuring of its US$7.4 billion debt with international banks- a key condition for securing the listing committee's approval for the share sale to go ahead. Russian oligarch Oleg Deripaska, the chief executive and controlling shareholder of Rusal, told the South China Morning Post last week that the debt restructuring had been agreed in principle and final agreement was still needed ...

  5. Hongkong Bank seals landmark mainland investment

    Posted Aug 07th 2004, 12:00am by Staff Reporter

    ... 'This agreement between Bocom and HSBC establishes a benchmark for strategic co-operation between domestic and foreign financial institutions in China,' said Sir John Bond, chairman of Hongkong Bank's UK-based parent HSBC Holdings, at yesterday's signing ceremony. 'This is the final investment we will make in the name of HSBC in China,' he added at a press ...

  6. Sunac reduces share sale target to US$200m

    Posted Jul 21st 2008, 12:00am by Yvonne Liu

    ... of the offering as a result of group restructuring and worsening market sentiment. Sunac had mandated Deutsche Bank to advise on the offering, another source said. Its chairman, Mr Sun, declined ... estimated NAV. As part of its restructuring, Sunac in December last year raised US$200 million by selling a stake to Lehman Brothers, sources said. The United States investment bank now owned about ...

  7. Business digest

    Posted Oct 07th 2004, 12:00am by Staff Reporter

    ... lai sun wins nod for restructuring plan Lai Sun Development has won approval for its reorganisation proposal from key creditors. Lai Sun bondholders, who are owed about $2.1 billion, yesterday approved a restructuring plan that would give them 3.8 billion new Lai Sun shares and $300 million in cash. They would also receive additional cash from the upcoming sales of a residential ...

  8. HSBC returns to sevens fold but HK not part of it

    Posted Oct 07th 2010, 12:00am by Alvin Sallay

    ... Alvin Sallay HSBC is back on the sevens field worldwide, just not in Hong Kong- as yet. The global bank, whose name was once synonymous with the Hong Kong Sevens, has come on board as the first title sponsors of the International Rugby Board's Sevens World Series. The IRB announced HSBC has been awarded title rights for five years starting from the 2010-11 series which ...

  9. HSBC on verge of rights issue, report says

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

    ... Nick Westra HSBC is on the verge of announcing a share sale that could generate more than ?12 billion (HK$132 billion) as part of an effort to bolster its balance sheet while the global economy dips deeper into recession. Coming in the form of a rights issue, the fund-raising plan could be unveiled as soon as Monday when HSBC is set to report its earnings from last year, a report ...

  10. HSBC closes in on stake in mainland securities house

    Posted Sep 28th 2009, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings may have moved a step closer to taking a stake in a mainland securities house, with Fujian-based Industrial Securities the most likely target. Industrial ... of HSBC's Asia-Pacific unit, Hongkong and Shanghai Banking Corp, confirmed on Friday that HSBC hoped to tie up a long-awaited deal with a mainland securities partner before seeking a listing ...




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