Everbright to double size of Hong Kong share sale

Everbright is seeking a cornerstone subscription of at least 60 per cent of the offering before opening to retail investors. Photo: AFP

China Everbright Bank, which is preparing for its third official listing attempt, plans to double the size of its long-planned Hong Kong offering to up to US$4 billion by selling 12 billion shares.

Wednesday, 5 June, 2013, 4:05am

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

Yield the lure for Great Eagle hotels spin-off

Langham Place Hotel Hong Kong

The company, controlled by Lo Ka-shui, is taking advantage of investors' interest in high-yield products to hive off its three Hong Kong hotels into a business trust called the Langham Hospitality Investments Group.

2 May 2013 - 3:47am

Dalian Wanda seeking to boost status

The Dalian Wanda Group has also expanded into the overseas market with the purchase of cinema operator AMC Entertainment. Photo: AFP

Hengli Commercial Properties on Wednesday said mainland-based Dalian Wanda Commercial Properties would buy a 65 per cent stake in Hengli from its chairman and controlling shareholder, Chen Changwei, at a total cost of HK$675 million.

12 Apr 2013 - 5:43am

Alibaba may be considering an IPO in the US

Speculation about Alibaba's listing plans for later this year was fuelled by the decision of company founder Jack Ma to step down as chief executive on May 10. Photo: Bloomberg

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.

7 Mar 2013 - 6:12am

Sunshine looks to partners to fund output boost

Sunshine Oilsands, the first Canadian oil-sands operator to list shares on the Hong Kong exchange, is in "advanced" talks with joint-venture partners to boost production to a potential 1 million barrels a day.

2 Mar 2013 - 4:17am

Proview faces more requirements to resume trading in Hong Kong

Rowell Yang Long-san, chairman and CEO of Proview International Holdings Ltd. Photo: AP

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

Dim hopes for firms seeking to go public

Dim hopes for firms seeking to go public

Asian private-equity firms expect listing candidates to struggle to complete their initial public offerings for another year, limiting their ability to cash out of their investments, according to a survey by Ernst & Young and Mergermarket.

11 Jan 2013 - 3:56am

Business Digest, December 21, 2012

HSBC is selling its 18 per cent stake in Vietnamese insurer Baoviet to Sumitomo Life Insurance, one of Japan's top four life insurers.

The mainland may let foreign funds trade stock index futures, the China Securities Journal reported.

21 Dec 2012 - 3:46am

Allianz keen to list on Shanghai's foreign board

Allianz wants to grow its business in China. Photo: Bloomberg

Global insurer Allianz is among the large number of foreign companies that are lining up to list on Shanghai's proposed international board.

Other companies that have indicated an interest in obtaining a listing on the new board include HSBC, Bank of East Asia, Coca-Cola and the New York Stock Exchange.

17 Dec 2012 - 5:31am

Reform on regulation of listing sponsors wins wide support

Eddy Fong says the regulator will decide at the end of this year on how to best use its HK$7.4 billion reserve. Photo: May Tse

The Securities and Futures Commission's controversial plan to tighten regulation on sponsors of new listings has gained community support, according to outgoing chairman Eddy Fong Ching.

Fong said the regulator was likely to reach a conclusion on how to implement the sponsor regulatory reform in late November or early December.

18 Oct 2012 - 4:47am

The EIG-managed investment fund Gateway sets new date for HK listing

Gateway Energy & Resource Holdings, an investment fund managed by the Asian arm of US private equity firm EIG Global Energy Partners, is aiming to list in Hong Kong and raise around US$200 million in the second quarter next year after poor market conditions saw it pull the planned listing last March.

13 Sep 2012 - 3:00am

SFC takes legal action against Ernst & Young

The Securities and Futures Commission says it has the mainland authorities' backing in the matter against Ernst & Young. Photo: Felix Wong

The Securities and Futures Commission initiated legal action yesterday against Ernst & Young for refusing to provide information on a listing candidate on the grounds of state secrets.

28 Aug 2012 - 2:54pm

CSRC moves to delist weak firms

Roughly 50 mainland firms face being delisted by the end of this year after mainland regulators tightened the criteria to remain listed.

The new rules, published by the Shanghai and Shenzhen bourses at the end of last month, have expanded the delisting criteria as part of the reform efforts of Guo Shuqing, chairman of the China Securities Regulatory Commission (CSRC).

7 May 2012 - 12:00am

Ocean Grand gets delisting deadline

Collapsed aluminium products maker Ocean Grand Holdings may be delisted from September 12, the stock exchange said yesterday.

Hong Kong Exchanges and Clearing said that since Ocean Grand had been suspended from July 2006 and had not submitted a resumption proposal, it had entered the third stage of the delisting process.

13 Mar 2008 - 12:00am