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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 red-chip Sino Grandness Food Industry Group is planning to spin off its subsidiary Garden Fresh Group Holding via a float on the Hong Kong Stock Exchange.
  • Hong Kong’s Securities and Futures Commission has slapped Moody’s Investors Service with a HK$11m ($1.4m) fine for what the regulator says are shortcomings in a 2011 report on Chinese issuers published by the agency.
  • China’s monetary policy choices and economic reforms are increasingly front and centre for global decision makers, according to panellists speaking at the Credit Suisse Asian Investment Conference (AIC), which opened in Hong Kong on April 5.
  • Petronas' subsidiary Malaysia International Shipping Corp is in the process of putting together a club of banks to supply a $1bn bridge loan.
  • India's Prataap Snacks has mandated Edelweiss Financial Services and JM Financial for a potential Rp6bn ($90.4m) IPO.
  • ANZ’s chief executive officer for the Pacific Vishnu Mohan is retiring after 40 years in the banking industry, more than seven of which were with the Australian lender.
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