Hong Kong SAR

Jardine Matheson, one of Hong Kong’s oldest business giants, is planning to fund a $5.5bn acquisition of a minority stake in its subsidiary through a combination of loan and internal cash.

Tricor Holdings is planning a return to the loan market to refinance a HK$2.8bn ($360m) borrowing it sealed in 2016 for a leveraged buyout by investment firm Permira.

US-listed Autohome, an online car marketplace, has wrapped up its HK$5.34bn ($687.8m) secondary offering in Hong Kong, pricing the deal even as its US stock dived amid a market rout.

Chinese internet company Baidu has filed updated offer documents for its Hong Kong secondary listing, the final step before it launches its potential multi-billion-dollar deal.

China’s YishengBio is planning to list in Hong Kong, having filed an IPO application with the bourse on Monday.

Real estate developer China Aoyuan Group has closed a $225m-equivalent dual currency loan with nine banks in the syndicate.

Aluminium producer China Hongqiao Group has returned to the loan market for a $200m borrowing.

Sinic Service (Holdings) is gearing up for a listing in Hong Kong, adding further momentum to the IPO market of Chinese property management service providers.

Cheerwin Group has pocketed HK$3.07bn ($395.3m) after pricing its IPO at the top of the marketed range, according to a source close to the deal.

Hang Seng rejigs benchmark index – DBS and HSBC make changes in Malaysia

Hong Kong has begun exploring ways to allow listings by special purpose acquisition companies (Spacs), which are gaining popularity in Asia after taking the US by storm in the past year. But while the early-stage discussions show the bourse’s growth ambitions, it will have to clear numerous roadblocks to make blank-cheque firms a reality. Jonathan Breen reports.

Hong Kong is exploring the possibility of getting in on the craze around special purpose acquisition companies (Spac), which has begun to gain ground in Asia this year.