Greater China
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Sino-Ocean Capital Holding has raised $500m from a two year bond. The deal was the company’s longest in the offshore market, but came with a weaker structure than its past outings.
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Private equity firm Blackstone Group is in talks with banks for a financing of about $1.6bn to back its long-planned acquisition of Hong Kong-listed property developer Soho China.
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Biopharmaceutical company HutchMed (China) kicked off the roadshow for its HK$4.68bn ($602.7m) Hong Kong IPO on Friday, placing more than half of the shares in its third listing with cornerstone investors.
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Taiwan’s Central Trading & Development Corp is set to close a $320m loan for its Vietnamese business soon, as it waits for a few banks to receive their internal approvals.
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In this round-up, the major indicators for economic activity in China disappoint, the after-school tutoring sector in the Mainland faces a clampdown, and indebted China Huarong Asset Management Co is reportedly looking to raise cash by offloading its holding in seven different units.
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We always hope to influence our children for the best, but it’s amazing what they pick up.
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China’s Full Truck Alliance, an Uber-like service for trucks, launched an IPO on the New York Stock Exchange this week. It is aiming to raise up to $1.56bn.
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Hong Kong-based Bank of China Group Investment is preparing to sell Rmb2.5bn ($391m) of Panda bonds, returning to the onshore market after more than a year.
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eHi Car Services tapped its 2024 notes for an additional $150m on Wednesday, bringing the total deal size to $450m.
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Chinese retailer Suning.com’s A-shares sold off heavily on Tuesday amid concerns about its financial health.
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Property manager Yuexiu Services Group has hit the road with an up to HK$2.41bn ($310.5m) IPO.
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Nayuki Holdings, a Chinese teahouse chain, is set to launch its Hong Kong IPO on Friday, according to a source close to the deal.