The outlook for Hong Kong's tepid initial public offering market has been further weighed down by the deferral of Hopewell Hong Kong Properties' offering.Thursday, 13 June, 2013, 3:31am
At least four companies kicked off their pre-marketing campaigns yesterday to raise a combined US$1.3 billion through initial public offerings in Hong Kong, banking on rising investor confidence on the back of the US economic recovery.
NW Hotel Investments, a spin-off of New World Development, is looking to raise about US$700 million.11 Jun 2013 - 3:25am
Chinese companies looking for a yuan-denominated listing in Hong Kong are getting mixed messages. On one hand, Hong Kong officials are keen on developing the nascent yuan business. On the flip side, however, the city's pool of investible yuan is insufficient to generate a meaningful institutional investor base.10 Jun 2013 - 4:03am
The mainland securities regulator plans to restrict share issuers and major holders from selling their stocks at below the initial public offering price as part of new rules aimed at cracking down on fraud and protecting investors.8 Jun 2013 - 3:39am
Mainland property developers have no immediate capital pressures despite their withdrawal from initial public offerings in the A-share market, analysts said yesterday.
They said the developers' liquidity position remained strong, bolstered by property sales and funds raised through bond issues.8 Jun 2013 - 3:39am
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
Fujian Guizhentang Pharmaceutical was among 269 companies to have pulled their applications this year, the China Securities Regulatory Commission said on its website on Friday, without giving reasons.5 Jun 2013 - 3:51am
A marked improvement in the health of Hong Kong's listing market last month saw deal volumes post a big rise, mainly due to the float of two state-owned enterprises which raised almost US$3 billion3 Jun 2013 - 3:32am
Concern the US Federal Reserve will wind down its bond buying program and the International Monetary Fund's latest warning about mainland government debt are not helping market participants looking to take firms public. But cash-strapped mainland developers are forging ahead with their plans.3 Jun 2013 - 1:18am
Sony is working with Morgan Stanley and Citigroup as it considers adopting Daniel Loeb's proposal for an initial public offering of its entertainment division, sources said.1 Jun 2013 - 4:19am