Amanda Lee

Volatile debut seen for Prada

Investors are bracing themselves for a volatile stock market debut of Prada - Hong Kong's second biggest float of the year - on Friday.

Thursday, 23 June, 2011, 12:00am

Milan Station shares soar 65pc as trade starts

Shares in Milan Station, which sells used luxury handbags, shot up 65 per cent yesterday, the best first-day performance this year after months of weak debuts from initial public offerings.

At one point the shares were up 77 per cent but closed at HK$2.77, 65.87 per cent over the offer price of HK$1.67.

24 May 2011 - 12:00am

Mengniu shareholders in HK$1.22b placement

Two shareholders of China Mengniu Dairy, the biggest producer of liquid milk on the mainland, are raising HK$1.22 billion in a share placement. Jinniu Milk Industry and Yinniu Milk Industry - majority owned by Mengniu's top management, including chairman Niu Gensheng, who stepped down as chief executive this year - are selling 50.70 million shares at HK$23.75 to HK$24.15 each.

29 Jul 2010 - 12:00am

Mingfa slashes offer size amid poor response

Mingfa Group (International) has slashed its offering size by 23.7 per cent to HK$2.6 billion from HK$3.41 billion following a poor response from investors. The developer is due to list in Hong Kong on November 3 but a postponement is now likely until the middle of the month, says a source familiar with the deal.

31 Oct 2009 - 12:00am

Great expectations

Survey respondents believe they need at least US$10m in liquid assets to feel truly wealthy

18 Mar 2008 - 12:00am