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Executive is moving to more senior role
India is on track for a record year of IPOs. Global tech giants continue to plough capital into a fast-growing consumer economy that is investing heavily in ensuring it’s a major player — along with the US and China — in an AI-first world
◆ Deal finds demand despite arrest of South Korea's president ◆ High single digit concession left for investors ◆ Leads added spread to calm concerns
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  • Chinese furniture maker Huisen Household International Group has kicked off its IPO. It has set its sights on raising up to HK$1.4bn ($180m).
  • Country Garden Services Holdings Company has raised HK$7.785bn ($1bn) from a placement of new shares, riding on strong investor interest in property management services companies over the past year.
  • In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for its response to the Covid pandemic.
  • Malaysian energy giant Petronas raised MR3.05bn ($751.8m) from a pair of secondary share sales on Thursday.
  • Embattled Chinese borrower Tsinghua Unigroup Co missed payment on a $450m bond that was due on Thursday, with the non-payment expected to trigger cross-defaults on a number of its other dollar notes.
  • Chinese property management firm Sino-Ocean Service Holding has scooped up HK$1.74bn ($224.5m) after pricing its IPO below the mid-point of the marketed range.
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