Senior finance executives of Alibaba Group, which is widely expected to be planning its initial public offering this year, held a closed-door discussion with a representative of the American exchange yesterday at an undisclosed venue in Hong Kong, two people familiar with the situation said.Thursday, 7 March, 2013, 6:12am
In 2001, Bank of China listed its Hong Kong operations on the local exchange, and it was good. Regulators then gave their blessing for the Hong Kong listings of Bank of Communications, China Construction Bank, ICBC and Agricultural Bank of China, and investors rejoiced. It was a great 10-year run, in which Beijing bestowed on the local market giant IPOs that made investors a lot of money.4 Mar 2013 - 4:08am
Tycoons are supposed to be smart. Yet, over 80 per cent of their investment in public offerings in the past four years is way below the offering price. How could they be that dumb?
Last week a good explanation arrived from the least expected source - the Hong Kong stock exchange.2 Mar 2013 - 7:13am 1 comment
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
Oi Wah Pawnshop Credit started its mortgage business in 2009, with mortgage loans surging to HK$67 million in November last year from HK$4 million in February 2010.28 Feb 2013 - 5:02am
A pawnshop operator that has been providing quick cash to Hongkongers since 1975 plans to raise up to HK$98 million to expand its footprint in the mortgage-loan business, targeting households and troubled small and medium-sized enterprises.27 Feb 2013 - 3:59am
Hong Kong Exchanges and Clearing, which operates the local stock and futures markets, is expected to report a decline of up to 20 per cent in net profit last year as a result of lower market turnover and fewer initial public offerings (IPOs).
Analysts estimated profit could drop 12 to 20 per cent to between HK$4 billion and HK$4.5 billion in the year to December.25 Feb 2013 - 2:19am
Boosted by a recovery in valuations among listed mainland banks since early September, the share offers could go ahead as soon as the second quarter, say people familiar with the plans.21 Feb 2013 - 6:07am
Renewed measures by mainland regulators to ease fund-raising pressure on the stock market are expected to force hundreds of initial public offerings to be called off if they fail to meet more stringent listing requirements.20 Feb 2013 - 3:13am
China's second largest e-commerce site Jingdong Mall may not be good at making profits, but its latest round of mega fund-raising shows it's become quite adept at convincing wealthy investors of its longer-term viability.18 Feb 2013 - 10:10am
Mid-priced watchmaker Time Watch Investments increased the size of its initial public offering in Hong Kong, seeing strong demand for new shares due to improving sentiment.5 Feb 2013 - 5:27am
Proview International must comply with new listing requirements, as the company plots an acquisition of an undisclosed electronics firm to kick-start its operations and resume trading of its shares in Hong Kong.4 Feb 2013 - 4:18am
A slew of new data suggests mainland-focused venture capital and private equity funds may be finding the going tough after a dream run in past years.
The natural life cycle of these funds, from raising cash to investing and eventual exit, is now in jeopardy amid a drought in initial public share offerings because of a weak economy and poor investor confidence.4 Feb 2013 - 5:43pm
The sharp price fall might have been caused by retail investors, who tended to have a short investment horizon and were not familiar with the company's operations and outlook, analysts said.1 Feb 2013 - 8:24am
Data from information provider Hexin Flush Information Network shows firms that listed last year had unexpectedly lacklustre earnings for the year.31 Jan 2013 - 5:20am