Hong Kong SAR

Hong Kong-listed conglomerate Dah Chong Hong is readying a loan to back its acquisition of Li & Fung’s Asia consumer and healthcare distribution business.

Kelvin Leung has left Credit Suisse’s non-Japan Asia equity syndicate desk to pursue other interests, according to a source close to the move.

Standard Chartered has promoted Aaron Gwak to head Asean capital markets.

Yadea Group Holdings has opened books for its HK$1.86bn ($239.69m) IPO in Hong Kong, with the electric vehicle maker signing on $30m worth of commitments from two cornerstones.

A HK$9.7bn ($1.25bn) sell-down in Chinese insurer PICC Property and Casualty Co last weekend has injected some welcome activity into Asia’s block market, which has seen limited business since the start of the year. The success of the deal in the primary and the secondary market is expected to inspire potential sellers to take action. Jonathan Breen reports.

Despite my busy post-retirement schedule of keeping up with Tai Tai and holding marathon drinking sessions at my favourite watering holes, I found time recently to attend one of those big investment conferences in town.

Hong Kong-listed conglomerate Dah Chong Hong is preparing a loan to back its acquisition of Li & Fung’s Asia consumer and healthcare distribution business.

Hong Kong's MTR Corp is considering raising the size of its latest syndicated loan to as much as HK$25bn ($3.2bn) following a strong market response.

Goldman Sachs has relocated one of its most senior M&A bankers from Hong Kong to London, according to an internal memo seen by GlobalCapital Asia.

Norton Rose Fulbright has named Hong Kong-based US securities and corporate lawyer Harold Tin a partner with the firm.

American International Group has raised HK$9.7bn ($1.25bn) after selling a large portion of its stake in Chinese insurer PICC Property and Casualty Co, in what is the year's biggest block trade so far in Asia.

Mizuho Securities Asia has made senior appointments to its fixed income and equity capital markets businesses in a bid to strengthen its operations in the region.