Asia Pacific

Genting Hong Kong, a cruise ship operator under financial pressure due to the pandemic, held a meeting on Monday with its bank creditors to discuss a debt restructuring plan.

Compart Systems, a high precision metal components maker, has returned to the loan market to refinance an old borrowing from 2016, which was used to support its buyout by Platinum Private Equity.

Ant Group has taken a step closer to pulling off what is expected to be the world’s largest ever share offering, submitting IPO applications in Hong Kong and Shanghai on Tuesday.

Yidu Tech, a Chinese technology-based healthcare provider, is seeking approval for a Hong Kong IPO.

Leveraged finance bankers in Asia are counting on the possible delisting of a host of Chinese companies from the US to give a fillip to the region’s dollar loan market this year. But bankers should temper their expectations.

Ant Group, Alibaba’s fintech arm, has wrapped up a 10-day ‘pre-listing tutoring’ process for its A-share debut on the Shanghai Star board, paving the way for its hotly anticipated Hong Kong and China dual listing.

Chinese bottled water and beverage company Nongfu Spring has opened books for its HK$8.35bn ($1.08bn) IPO of H-shares on the back of support from state funds in the Mainland and Singapore.

21Vianet Group, a Chinese internet and data centre provider, is tapping equity investors with a follow-on offer of new American Depository Shares.

Shandong Guohui Investment Co relied heavily on its 20-strong syndicate group to seal a tightly priced $400m bond.

Future Retail made a $14m payment on its outstanding dollar bond this week, narrowly avoiding a default.

DBS has hired Abhishek Jain from Goldman Sachs to join its mergers and acquisition team.

South Korea telecommunications operator KT Corp broke a three-year hiatus from the bond market on Monday to raise $400m.