Equity Securities

To B or not to B? A question of reform

Speculation that Beijing will drastically overhaul the nation's slumbering hard-currency B-share market has reached fever pitch as the plummeting price of one of the companies on the board sends the firm to the brink of delisting.

Wednesday, 15 August, 2012, 11:05pm

CSRC to scrutinise cash positions of listed firms

The mainland's securities regulator is inspecting listed firms to identify those that have not allocated a reasonable amount of cash for dividend payouts.

11 May 2012 - 12:00am

Tailor-made offering, profits make material difference

China Outfitters is an excellent example of how an attractive company can come back from a failed deal. The issuer at time of writing had covered its initial public offering and was preparing to price the deal.

It was a much different outcome from the one seen in June, when the firm tried and failed to bring a US$340 million deal to the Hong Kong exchange.

5 Dec 2011 - 12:00am

Mainland still expanding global investments

Investments overseas by deep-pocketed mainlanders will hit new records if the strong growth in the first half is maintained for the rest of the year.

While a second global financial crisis could stall some deals already in the pipeline, accounting giant PricewaterhouseCoopers said the outlook was still optimistic.

16 Aug 2011 - 12:00am

Samsonite takes a knock on opening day in HK

Luggage maker Samsonite International yesterday became the latest float to sink on its debut as investors turn cold on initial public offerings.

The US-based company fell as much as 11 per cent on its first day of listing, losing a total of 7.72 per cent before closing at HK$13.38.

17 Jun 2011 - 12:00am

Phoenix unit targets US$205.6m

Phoenix New Media, a subsidiary of Hong Kong-based Phoenix Satellite Television Holdings, intends to offer about 12.8 million American depositary shares priced between US$12 and US$14 in its spin-off listing in the United States.

29 Apr 2011 - 12:00am

There's more to life than money

From living in the shadow of his billionaire father Warren Buffett, to forging his own path in life, Peter Buffett has cultivated important values that earn him the 'rewards of self-respect and peace of mind'.

14 Aug 2010 - 12:00am

Wing On Travel tumbles on plan to raise funds

Wing On Travel spooked investors yesterday after announcing plans to tap the market for more than HK$800 million with its fifth major fund-raising plan in the past 2 1/2 years.

10 Dec 2009 - 12:00am

SRE to raise US$155m to repay debt

Mainland property developer SRE Group plans to raise as much as US$155 million from sales of convertible bonds and shares to refinance debts, market sources said.

The company is selling US$60 million worth of yuan-denominated convertible bonds, according to a sales document sent to fund managers. The five-year bonds will pay an interest of 5 to 6 per cent every six months.

30 Jun 2009 - 12:00am

Online education firm prepares to list on NYSE

China Distance Education, a provider of online education and test preparation courses for professionals on the mainland, plans to raise US$96.8 million by listing on the New York Stock Exchange this month.

The company would offer 8.8 million American depositary receipts at between US$9 and US$11 each, sources said. Each ADR represents four ordinary shares.

17 Jul 2008 - 12:00am

Zijin Mining public offering subscriptions exceed 2 trillion yuan

Zijin Mining Group's A-share offering drew subscriptions of more than 2 trillion yuan (HK$2.23 trillion) from public investors, beating analysts' expectations, a source said.

Investors were betting that the gold miner will trade at a premium on its first trading day.

17 Apr 2008 - 12:00am

Ping An cash call draws fire from party paper

Ping An Insurance (Group)'s mega-refinancing plan was dealt a further blow after a mouthpiece of the Communist Party made the rare move of criticising the insurer for treating the stock market as a cash machine.

5 Feb 2008 - 12:00am

Mainland M&A value surges 25pc to US$80.1b

The mainland's inbound and outbound mergers and acquisitions accelerated this year on the back of the country's strong economy, according to a report from PricewaterhouseCoopers.

19 Dec 2007 - 12:00am

Investing in risky market plays a dangerous option

With the stock market moving in leaps and bounds, putting money into any of the plethora of investments on offer seems a more attractive financial bet than a bank savings account with, at best, single-digit interest. If the rise of the Hang Seng Index this year is any guide, there are far greater riches to be made through shares, options and warrants, logic says.

2 Dec 2007 - 12:00am

Greenberg invests confidence in mainland

The mainland's health care, financial services and environment protection-related businesses are the three major sectors that former American International Group chairman Maurice Greenberg would like to invest in through his own private equity firm.

22 Oct 2007 - 12:00am