Hong Kong SAR
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China Everbright Greentech opened books for its HK$3.3bn ($424.5m) IPO this week, while BoCom International Holdings began premarketing a potential $300m Hong Kong IPO, and China’s Zhongyuan Bank Co also laid out plans to list in the city.
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ANZ has hired Nathan Herman as an associate director in its loan syndications team in Hong Kong.
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Leoch International Technology is in the market for a $150m fundraising that launched into general syndication via three mandated lead arrangers and bookrunners.
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Beijing-based Poly Culture Group Corp is seeking shareholder approval for an H-share placement that could raise around HK$1.1bn ($138.8m), according to a filing with the Hong Kong Stock Exchange.
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Stock Connect investors are demanding a multi-broker delivery versus payment (DVP) solution to limit counterparty risk issues that have thrown up by the different settlement cycles, Cindy Chen, country head of securities services at Citi, told GlobalRMB. Brokers are lining up to the join platforms despite the competitive challenges.
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China Everbright Greentech has opened the gates to its potential HK$3.3bn ($424.5m) IPO having already secured more than a third with cornerstone investors.
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China Everbright International has finalised the offer terms for the spin-off and listing of its green technology arm, which could raise up to HK$3.3bn ($422.4m).
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China Huiyuan Juice Group aims to bump up its latest borrowing to €280m after raising a larger than expected €160m last month.
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Bank of China hit Asia's debt market hard on Tuesday, unleashing a huge deal spanning four currencies and six tranches. The $3.1bn-equivalent deal was designed to make a statement to the market that it should not forget China’s Belt and Road initiative, DCM bankers said. Morgan Davis and Addison Gong report.
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The annual Hong Kong Sevens rugby tournament is infamous for being the city's premier weekend of debauchery. Drinks flow and tongues wag, but the matches and related events also offer great opportunities to see and be seen.
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Kingboard Chemical Holdings raised HK$1.2bn ($152.5m) after paring down its stake in Kingboard Laminates Holdings on Tuesday via a block driven by reverse enquiry.
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Hong Kong’s market regulator has laid out its approach for the listing of infrastructure project companies, addressing potential risks from IPOs in the sector.