Northeast Asia

Hansoh Pharmaceutical Group kicked off the roadshow for its Hong Kong listing this week, with up to HK$7.9bn ($1bn) of proceeds in its sights. The deal got off to a strong start with the help of a cornerstone group that included Singapore’s sovereign wealth fund, as well as an early turnout from international institutions. Jonathan Breen reports.

Bigger is not always better. Just ask Huarong Asset Management, which appointed 30 banks to manage a deal that caused headaches for bankers and investors alike.

Agile Group Holdings raised $600m from its latest perpetual bond sale on Monday. But the execution of the transaction came under fire from bankers away from the deal, and those on the trade admitted that things did not go as planned.

Bankers of my generation all know a bit of the dead language of the Romans. But I was greatly surprised when I met a young banker who had also gone through Wheelock’s Latin textbook.

Equity markets turned volatile again this week as trade tensions between the US and China escalated further, making accelerated equity sales more difficult.

JH Educational Technology will hit the road for its Hong Kong Stock Exchange listing after it completes investor education this Friday.

Chinese online tutorial platform GSX Techedu is fully covered for its listing on the New York Stock Exchange.

Chinese local government financing vehicle Chongqing Nan’an Urban Construction and Development Group closed a $500m five year bond sale on Tuesday, but only after shifting some of the banks running the deal.

KEB Hana Bank turned its attentions to Taiwan on Tuesday, raising $400m in a Formosa bond sale.

SMBC has mandated leads for a roadshow with plans to issue its first dollar covered bond and the second in euros.

Chainwin Animal Technology, a subsidiary of Taiwan’s Win Semiconductors, is looking to raise up to $200m in the offshore loan market.

Mulsanne Group Holding wrapped up its IPO last week in a way Hong Kong had never seen before: pricing its shares below the initial offer range. Its approach has shown future listing hopefuls how to wield a crucial tool in combating volatility fuelled by trade wars.