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Hong Kong has taken a step forward to making weighted voting rights (WVR) a reality in the city-state, with its stock exchange regulators in the midst of finalising recommendations that could allow for the listing of different classes of shares by early next year.
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Bank of Jinzhou Co has put the brakes on its $600m IPO in Hong Kong after longer-than-expected regulatory proceedings held up its planned float, which was originally scheduled to launch this month.
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After a moribund week, Asia ex-Japan got a small dollar tap on Thursday night, with Agricultural Bank of China’s Hong Kong branch (ABC HK) raising $200m from a tap of its existing 2.1% 2017s.
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Green bonds have been gaining traction globally, and as the market has picked up non-SSA names have become more active players in the eco-friendly investment space, concluded Bank of America Merrill Lynch in a quarterly update on the asset class, published on June 18.
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The Government of Mongolia is set to explore the offshore renminbi (CNH) market for the first time. This follows the overwhelming success of UK’s debut dim sum offering last year, which was the first from a non-Chinese sovereign.
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China’s Ctrip.com International has taken the equity-linked market by storm, raising a mammoth $1.1bn via a dual-tranche convertible bond on June 18, marking the largest issuance in Asia ex-Japan ex-onshore China since 2010.
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China Life Insurance is ready to meet investors for the country’s first core tier two subordinated notes under the sector's new regulatory regime, having mandated six banks to arrange the meetings.
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Commodity trader Trafigura is set to launch its annual financing and is looking for $2bn. The company is in the process of forming the mandated lead arranger and bookrunner group, said a banker.
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Red Star Macalline Group Corp priced its IPO in Hong Kong at the top of the range on June 19, raising HK$7.22bn ($931.34m) for the furniture retailer-cum-shopping mall owner that has been dubbed China’s answer to Ikea.
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In this round-up, Singapore deposits fell in the first quarter this year, Taiwan RMB deposits rose to a new record, Bank of China joined the new gold benchmark, and the first overseas inverse ETF shorting A-shares entered the market.
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Jardine Cycle & Carriage is planning to raise S$1.03bn ($772m) from a one-for-nine rights issue, with the aim of repaying loans it took on earlier this year to fund its acquisition of a stake in Thailand’s Siam City Cement Public Company.
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Lifestyle International Holdings is out with what will be the first outing to the international bond market in almost three years.