Greater China
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The debt capital markets in Asia remained quiet on Wednesday, as typhoon Hato hit Hong Kong, cancelling stock trading in the morning. A single Chinese firm, Muyuan Foods Co, announced its plan to go offshore for funding in the morning.
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China State Construction International Holdings is going to its shareholders to raise HK$6.4bn ($812.2m) from a rights issue.
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Hisense (Hong Kong) Co, a unit of electronic goods maker Hisense Co, has rolled out its maiden offshore syndicated loan with two mandated lead arrangers and bookrunners.
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Black Peony (Group) Co is eyeing the international debt capital markets, having just received approval from its board to issue as much as $100m of foreign currency bonds.
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Cofco Womai, an online food products retailer backed by the Cofco Group and Chinese internet giant Baidu, is seeking as much as $600m from a Hong Kong IPO.
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The Chinese arm of Scotland-based Aberdeen Standard Investments announced the appointment of a general manager for its wholly foreign-owned enterprise, the firm said on August 22.
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Lifestyle International Holdings is making a return to the dollar bond market after two years away, having mandating three banks for a roadshow in Hong Kong this week.
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A group of institutional investors have denounced the Hong Kong Stock Exchange’s (HKEX) proposal to bring dual-class shares to the city, urging the bourse to take another look at the risks.
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The three bookrunners of a $900m-equivalent Hong Kong dollar loan for I Squared Capital’s acquisition of Hutchison Global Communications (HGC) have invited lenders to join the syndicate at a senior level.
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Chinese property developer Greenland Holdings, which printed an offshore bond earlier this month, has allocated its latest syndicated loan at a larger-than-launch size of $315m.
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Sisram Medical has begun sounding out investors for its $200m IPO in Hong Kong after receiving listing approval from the stock exchange, said bankers on the deal.
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China Great Wall Asset Management Co has mandated a whopping 20 banks for its next dollar bond, and is planning to meet Hong Kong investors on Tuesday.