• Sun
  • Dec 21, 2014
  • Updated: 9:11am

Hong Kong listing

After Citic, who’s next among Chinese state firms to take their mega deals to Hong Kong?

The lobby of Peace Hotel, owned by Jin Jiang International, which once considered listing through its Hong Kong unit. Photo: Bloomberg

Investors are keenly watching for the next state-owned enterprise to follow in the wake of Citic’s ground-breaking restructuring, in which Citic Pacific will mount a US$36 billion reverse takeover of its parent.

Thursday, 3 April, 2014, 4:57am

Star BofA Merrill Lynch analyst sacked after Hong Kong IPO is pulled

Star BofA Merrill Lynch analyst sacked after Hong Kong IPO is pulled

Tong Shaojing told the South China Morning Post he was fired from his job within days of a proposed Hong Kong listing of shares in the mainland-based Triplex Biosciences being put on hold.

14 Jun 2013 - 10:25am 2 comments

CAA joins ranks of market casualties

Iron ore from CAA Resources' Malaysian operation is of a lower grade. A process to upgrade the ore before shipping adds to costs. Photo: SCMP

CAA Resources, an iron ore miner in Malaysia controlled by a mainland businessman, has become the latest company to postpone its initial public offering in Hong Kong amid "adverse market conditions", two people with direct knowledge of the deal say.

14 Jun 2013 - 3:24am

Huishang Bank targets US$1b IPO in Hong Kong

Huishang Bank targets US$1b IPO in Hong Kong

Huishang Bank has joined the queue of companies seeking an initial public offering (IPO) in Hong Kong while the gate for listing in the A-share market remains closed.

7 Jun 2013 - 3:46am

Wuzhou opens retail pitch in HK$1.7b offering

Shu Cecheng, the chairman of Whzhou International, says the firm plans to expand to other cities after the listing. Photo: Thomas Yau

Wuzhou International, which focuses on development and the operation of wholesale markets and commercial complexes in the Yangtze River Delta and Jiangsu province, begins the public offering today. It will close on June 5.

31 May 2013 - 4:41am

Sinopec Engineering vows to maintain high margins

Cai Xiyou, chairman of Sinopec Engineering, at the firm's listing ceremony in Hong Kong. Photo: May Tse

Despite rising cost pressures, Sinopec Engineering, the oil refining and chemical plants engineering subsidiary of China Petrochemical Corp, will strive to maintain a gross profit margin higher than the industry average, its chief said.

24 May 2013 - 3:47am

Mando China eases price squeeze in suppliers deal

Automation is a key costs lever at Mando China. Photo: Bloomberg

Car parts maker Mando China, which is launching its initial public offering in Hong Kong, plans to offset the downward pressure on the selling prices of its major products by shifting some of its costs to raw material suppliers and speeding up automated production.

20 May 2013 - 4:18am

Tong Ren Tang shines light on small-caps

Photo: David Wong

The prospect of making quick money may lure investors back to Hong Kong's small-cap listings on the Growth Enterprise Market, after shares of Beijing Tong Ren Tang Chinese Medicine more than doubled in intraday trade on their debut last week.

18 May 2013 - 3:40am

Sinopec Engineering's Hong Kong IPO to aid overseas growth

Sinopec Engineering's revenue from its parent dropped to 50 per cent last year, from 66 per cent in 2010, as the company seeks to diversify its customer base. Photo: AFP

The listing of Sinopec Engineering, a construction unit of China's largest oil refiner, China Petrochemical (Sinopec Group), will allow investors to gain exposure to the high-growth but risky overseas coal-chemical industry.

9 May 2013 - 5:15am

New World joins hotel spin-offs trend

Adrian Cheng Chi-kong, New World joint general manager

New World Development has submitted a listing application to the Hong Kong stock exchange to spin off its three hotels in the city, a plan it announced in March.

3 May 2013 - 4:22am

Cash-strapped Chinese banks turn to Hong Kong

China Everbright Bank is likely to be the first to ready for a Hong Kong listing.

Mainland banks are reviving their listing plans to raise money in Hong Kong this year as Beijing continues to keep an indirect hold on onshore initial public offerings.

25 Apr 2013 - 5:38am

Fujian broker mulls Hong Kong float in expansion

The mainland share market has been on a bearish run for the past three years, shrinking the income of securities firms. Photo: Reuters

Industrial Securities, a medium-sized brokerage on the mainland, is considering a listing in Hong Kong as it follows bigger domestic rivals in exploring overseas markets.

12 Apr 2013 - 5:43am

Signs of new life in I.P.O. market

China Everbright Bank is making its third attempt to tap the Hong Kong market. Photo: Bloomberg

Hong Kong's dismal listings market has shown signs of a nascent recovery with some municipal-level mainland lenders and brokerage houses signalling they will retry offerings amid improving sentiment.

5 Apr 2013 - 5:10am

Ernst & Young in court over secrets kept from the SFC

Securities and Futures Commission and Ernst & Young argue in court over whether mainland state secrets law meant audit papers could not be handed over.

The legal battle between the Securities and Futures Commission and Ernst & Young kicked off yesterday, with lawyers debating whether state secrets were an excuse for not handing a listing candidate's audit working papers to the regulator.

28 Mar 2013 - 5:52am

Xinchen China on funding quest to ramp up output

Xinchen China Power, a manufacturer of light-duty petrol and diesel engines, plans to raise US$113 million through a Hong Kong initial public offering to expand its production capacity.

28 Feb 2013 - 5:02am

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