Asia Pacific

Bill Chu has joined Goldman Sachs as a managing director in its China investment banking services team.

Chinese property developer Cifi Holdings has raised HK$2.4bn ($307.3m) from a top-up share sale and private placement on the back of a surge in its stock price.

Infrastructure investment firm I Squared Capital has clinched the bid for fixed line asset business Hutchison Global Communications (HGC), giving the three banks that lined up the financing reason to celebrate.

US-listed Sohu.com is looking to file confidentially for the IPO of its internet search unit Sogou, the China-based company said on Monday.

Buriram Sugar Group Power Plant Infrastructure Fund priced its IPO in Thailand near the top of the marketing range last Friday to raise Bt3.6bn ($108.2m).

Chinese property developer Powerlong Group’s Hong Kong-listed arm Powerlong Real Estate Holdings priced a $100m tap of its 2020 bond last Friday.

KT Corp, formerly known as Korea Telecom, began marketing a new dollar deal on Monday morning local time, returning to the debt market a year after its last issuance.

Singapore-based Novena Global Lifecare Group is gunning for a listing on the Taiwan Stock Exchange to raise $150m for regional expansion.

Oil and gas exploration and production company Medco Energi Internasional is eyeing the offshore market for a senior bond, and will meet fixed income accounts in Asia, Europe and the US.

HSBC posted a decline in revenue and profit from its global banking and markets (GB&M) division in Asia during the quarter to June, even as the region turned in better numbers overall.

Two banks have underwritten a $4.65bn financing package for the acquisition of Singapore’s Global Logistic Properties (GLP) by a consortium of Chinese investors.

Indonesian palm oil company Tunas Baru Lampung (TBLA) is looking for a Singapore dollar deal, marking its first bond in the currency as well as its maiden offshore deal.