Greater China
-
An investor in United Laboratories International Holdings is selling a chunk of the firm’s shares for up to HK$790.6m ($102m), according to term sheet seen by GlobalCapital Asia. -
Chinese company Genertec Universal Medical Group has launched a $600m dual-currency loan into syndication.
-
Oil company Hilong Holding has defaulted on a dollar bond that matured on Monday, after failing to drum up enough support for an exchange offer that was extended multiple times.
-
Agora is looking to raise up to $315m from its Nasdaq IPO, having begun bookbuilding for the deal.
-
The Shanghai Stock Exchange will revamp its benchmark SSE Composite Index. It will also launch an index focused on companies listed on its tech-heavy Star market.
-
ANZ has appointed former loan syndications banker Nancy Wang to the newly created position of director of sustainable finance, international.
-
Taiwan-based notebook computer maker Inventec has changed the structure for its loan return to prepare for the expected discontinuation of Libor at the end of next year.
-
Kangji Medical Holdings has bagged HK$3.59bn ($464.2m) after pricing its Hong Kong listing at the top of the marketed range.
-
In this round-up, the Chinese capital of Beijing conducts nucleic acid tests for Covid-19 on 2.3m local residents, the central bank leaves the benchmark lending rate unchanged for June, and a subsidiary of AIA is set to become China’s first wholly foreign owned life insurance company.
-
Far East Horizon, a Hong Kong-listed financial services firm, has launched a $1bn loan into general syndication.
-
In this round-up, Chinese banks and financial institutions are asked to hold back profit growth in 2020 to pump funds to the real economy, foreign strategic investors will have better access to listed companies, and regulators give JP Morgan full control of its futures joint venture and MUFG a bond settlement agent licence.
-
In this round-up, officials claim the second wave of local infections of Covid-19 in Beijing is under control, top Chinese financial regulators gather and deliver speeches at a high-profile event in Shanghai, and US president Donald Trump says that a “complete decoupling” from China is on the table.
