Hong Kong SAR

Sino Biopharmaceutical’s shares tumbled about 8% on Tuesday after its chief executive officer, Tse Ping, sold a portion of his stake in the company for HK$2.27bn ($292.9m).

CLSA has hired Charles Lin, the former Asia chief executive of Vanguard Group, as its new vice chairman effective immediately, the bank announced on Monday.

Akesobio has bagged HK$2.58bn ($332.9m) from its IPO after sealing the trade at the top of the marketed price range, according to a banker on the deal.

Chinese property firm Country Garden Holdings Company is wooing lenders to a $140m loan to support its investments in two start-ups.

Kingsoft Cloud Holdings has launched a virtual pre-deal investor education process for its $100m Nasdaq IPO, according to a source close to the deal.

Chinese chemical company EcoGreen International Group has returned to the offshore loan market after a three year break for $150m.

Stockor Ng, a former DBS loans banker, started his new job at China Citic Bank International this week, GlobalCapital Asia understands.

Neil Tu, a vice president on CICC’s equity syndicate team, left the Chinese investment bank this week.

SK E&S, a South Korean energy company, has raised HK$11.55bn ($1.49bn) by selling most of its shares in China Gas Holdings near the top of the marketed range.

South Korean energy company SK E&S has launched a block sale of up to HK$11.8bn ($1.52bn) in China Gas Holdings, according to a term sheet seen by GlobalCapital Asia.

Bankers working on Akesobio’s IPO are preparing for a tough allocation process as a flood of retail demand for the Hong Kong listing is set to leave little for institutional accounts, said a source close to the deal.

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