For mainland businesses seeking to raise capital on overseas stock exchanges, it's increasingly become a case of 'seller beware'.Friday, 6 July, 2012, 12:00am
Auditors are slashing their forecasts for initial public offerings in Hong Kong this year as the euro-zone crisis continues to cast a pall over mega-size issuers.
PricewaterhouseCoopers (PwC) yesterday cut its 2012 IPO forecast by almost half to between HK$100 billion and HK$150 billion raised through 80 to 90 deals.4 Jul 2012 - 12:00am
State-owned Beijing Enterprises Group has further raised its stake in takeover target China Gas Holdings and become its largest shareholder.
The move dooms the takeover bid by a rival consortium formed by ENN Energy and China Petroleum & Chemical (Sinopec) to failure unless the bid price is significantly raised.29 Jun 2012 - 12:00am
Hong Kong-listed mainland developer Soho China is planning to buy back up to US$200 million worth of shares, saying its share price doesn't reflect its balance-sheet strength.
The announcement, made in a filing with the Hong Kong stock exchange around midday yesterday, pushed up its share price from HK$5.67 at noon to HK$5.99.29 Jun 2012 - 12:00am
Hong Kong's stock exchange operator is teaming up with both major mainland bourses to develop new indices in its push to diversify its business and be more competitive.
Hong Kong Exchanges and Clearing (HKEx) signed an agreement with the Shanghai and Shenzhen exchanges yesterday to set up a joint venture in Hong Kong within three months.29 Jun 2012 - 12:00am
Hong Kong Exchanges and Clearing (HKEx) is considering reinstating closing auctions, a move supported by international players but strongly opposed by local brokers.28 Jun 2012 - 12:00am
A Canadian metals mine developer with a multi-metal project in the United States is considering a private equity share sale and a stock market listing in Hong Kong to help fund its development.27 Jun 2012 - 12:00am
A public walk-through area under the HSBC headquarters in Central has been taken over by the Occupy Central campaign since October. The bank has tried to play nice and asked them to leave voluntarily - to no avail. Now it has applied to the High Court in an attempt to have them kicked out.27 Jun 2012 - 12:00am
President Hu Jintao's expected package of incentives to lift the local market is unlikely to result in any lasting boost to stocks, which are expected to slide further amid a weaker economic outlook.
On the mainland, investors who hope regulators will step in and put a floor under falling benchmarks will also feel disappointed, with any rally expected to be short-lived.26 Jun 2012 - 12:00am
HSBC, Europe's No 1 bank by market capitalisation, has had growing interest from Chinese companies keen to buy assets in the debt-strapped euro zone, raising the prospect of new profit streams from advisory fees.25 Jun 2012 - 12:00am
Flow of free information vital, writes Jake van der Kamp.25 Jun 2012 - 12:00am
Singaporean sovereign wealth fund Temasek says the big mainland lenders should be able to weather recent rate liberalisation but warns that the banks, in which it is a key stakeholder, face a lower return on equity.22 Jun 2012 - 12:00am
Mainland restaurant chain Xiao Nan Guo Restaurants Holdings revived its initial public offering (IPO) yesterday, saying market sentiment had improved.
But the fast-growing company has cut its planned fund-raising size by one-fifth to boost its attractiveness.21 Jun 2012 - 12:00am
A Hong Kong-listed company has been ordered to pay back more than HK$1 billion to investors after a landmark decision in the High Court.
The ruling came after sports fabric maker Hontex International Holdings used misleading information in its listing prospectus in 2009.21 Jun 2012 - 12:00am
Professional traders who handle equity positions for major financial institutions can present an interesting study in investor behaviour. To make money on behalf of clients and employers, they generally adhere to the disciplines of a clear risk management framework. But in making choices and decisions for their personal portfolios, those guidelines and principles often go out the window.18 Jun 2012 - 12:00am