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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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  • The unveiling of Shenzhen-Hong Kong Stock Connect this week was accompanied by a series of changes to what is already in place in terms of the overall linkage framework. Here is our lowdown on what you need to know about the initiative.
  • Royal Industries Indonesia is understood to have failed to repay the first principal installment on a $380m loan raised in 2015.
  • A $405m loan for Blackstone’s acquisition of Indian fintech firm Mphasis has entered general syndication, a couple of months after the borrower expanded the lending group in the senior phase.
  • China Resources Beer (Holdings) Co has wrapped up a multiple times oversubscribed rights issue, netting HK$9.5bn ($1.2bn), according to a filing with the Hong Kong Stock Exchange.
  • Malaysia's Serba Dinamik Group is planning to raise as much as MR600m ($150.3m) in an IPO that could hit the market by the end of 2016, according to a source familiar with the matter.
  • Aluminum Corporation of China (Chalco) is out with a new five year on Thursday, having registered plans to sell a foreign currency bond with the National Development and Reform Commission last month.
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