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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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  • AirAsia is planning two IPOs, one of which will package stakes in all its southeast Asian low cost carriers into a Hong Kong listing, the airline’s group CEO said.
  • New lenders have signed a $300m refinancing for Gas Authority of India (GAIL), which was launched into general syndication in October.
  • Mutual market access (MMA) is about to be strengthened by the impending launch of Shenzhen-Hong Kong Stock Connect next month. While much of the focus has been on how access to China will improve, a report from brokerage firm Instinet argues that the real story lies in the internationalisation of Chinese money and how it is impacting trading patterns.
  • Hon Hai-owned Foxconn Interconnect Technology, also known as FIT Hon Teng, has put its IPO plans on hold until next year after getting poor feedback from investors.
  • Goh Ken-Yi has resurfaced at RHB Securities Singapore in a new role as head of corporate client coverage, after leaving Standard Chartered at the end of last year.
  • Chinese local government financing vehicle Shaanxi Xixian New Area Fengxi New City Development and Construction (Group) Co tiptoed into the market on Thanksgiving Thursday, launching and pricing a new $120m deal by lunch time.
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