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Singapore Exchange said on Friday that companies with dual-class share (DCS) structures that have a primary listing in developed markets can seek a secondary listing in the city-state.
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The musical chairs in Hong Kong’s equity capital market hit a crescendo this week, as senior bankers from both bulge brackets and Chinese firms took turns swapping seats. With several positions still left to be filled, the movement is unlikely to stop soon. But all this points to a sustained rise in business, writes John Loh.
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Hannam & Partners, the investment banking boutique founded by Ian Hannam, has hired two experienced equity analysts to cover the mining and oil and gas industries.
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Citic CLSA Securities has brought in Steve Lam to helm its equity syndicate team, while also naming Nathan McMurtray to lead its charge into the equity-linked market.
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Francis Giglio has been promoted to Asia Pacific head of depositary receipts at BNY Mellon, replacing Neil Atkinson who will transfer to London.
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A US pension fund has filed a class action lawsuit against ZTO Express and the banks that underwrote its $1.4bn IPO on the New York Stock Exchange last year.