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Qatari dairy company’s rights issue struggles to get done
Food systems company’s largest shareholder raises €324m after shares rise on strong results and buyback
Listing timelines are slipping towards next year as economic uncertainty is making investors wary
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  • The bank’s shake-up of its global banking business has already resulted in fresh ideas and big mandates, and now HSBC is looking to conquer M&A, writes David Rothnie.
  • Shares in Cobham, the troubled UK aerospace and marine technology company, closed 13% higher on Thursday after the company unveiled its 2016 results and a turnround plan involving a second £500m rights issue in nine months, to strengthen its balance sheet.
  • Hangzhou Mi Lu Technology Co, which owns Chinese social media platform kktv5.com, is laying the groundwork for a Hong Kong IPO this year, according to bankers close to the matter.
  • The heat is on for IPOs in south-east Asia, with banks staging charm offensives towards investors during pre-marketing.
  • The Hong Kong Stock Exchange is set to pull out all the stops to woo energy giant Saudi Aramco to list on the bourse, with its chief executive describing it as a “match made in heaven” this week. But the HKEX has even bigger ambitions — to move from an exchange dominated by Chinese companies to one with foreign issuers, writes Jonathan Breen.
  • BlackRock has received the very first RMB qualified foreign institutional investor (RQFII) quota under the US allocation from the State Administration of Foreign Exchange, in yet another sign that global asset managers are ready to boost their China investments.
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