Northeast 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.

We're living in unprecedented times given Covid-19 related lockdowns, but there's no reason for us to lose all semblance of normality.

GSX Techedu, a Chinese kindergarten to 12th grade after-school tutoring platform, has been targeted by a US short-seller for allegedly inflating its revenue. The company has denied the allegations.

The Malaysian and Shenzhen stock exchanges have entered into a memorandum of understanding to boost cross-border investment opportunities and collaboration, according to a statement on Wednesday.

China's MIE Holdings Corp is speaking with bondholders about restructuring its dollar debt, following a missed coupon payment on Sunday.

Chinese conglomerate HNA Group called an eleventh-hour meeting this week in an attempt to delay a bond that was due to mature just hours later. Investors criticised the company on the call ─ but bankers are still unsure whether the bond has been repaid.

Herald International Financial Leasing, a subsidiary of German carmaker BMW, bagged a Rmb3bn ($425m) dual-tranche asset-backed note on Tuesday, its largest ABN outing yet. Both the senior tranches were priced 100bp tighter than the issuer’s last two outings.

Yageo Corp, a Taiwan-based electronic components manufacturer, has raised $650m from an issue of global depositary shares (GDS), boosting the final offer size on strong institutional investor demand.

Chinese banks’ eagerness to lend has long allowed the country’s borrowers to get away with razor-thin pricing on their offshore loans. Not anymore.

Asia’s third online-only IPO was launched this week, confirming that virtual roadshows are a new normal for the region’s equity capital markets amid the Covid-19 pandemic. Companies elsewhere should take heed.

China’s government has won plaudits for its response to the Covid-19 coronavirus. That praise should extend to its capital markets.

The China Securities Regulatory Commission (CSRC) has penalised two Star market companies for failing to make sufficient risk disclosures in their IPO documents. The duo were among the first batch of 25 companies to list on the Star board.