Markets & Investing
Fosun Tourism Group launches US$548m IPO
Fosun Tourism Group launches US$548m IPO
It is offering 214.2 million shares priced at $15.6 to $20 apiece.
Fintech startup raises US$105m to boost Southeast Asian expansion
The initial funding round has attracted companies such as the Berjaya Group, JG Summit Holdings, Inc. and Sinar Mas.
Vietnam overtakes Hong Kong and Singapore in SEA IPO fund market
Vietnam hauled $35.22b in IPO proceeds against Hong Kong's $18.18b.
Thriving IPO scene shows signs of pressure as stock markets slump
An Alibaba-backed share sale has already delayed its IPO plans.
Chinese steel website Zhaogang.com scraps dual-class share IPO plan
It is pursuing a regular IPO instead.
Hong Kong bourse profits surged 20% to $2.4b in Q3
Stock listing fees surged 29%.
Director 'overboarding' spark calls for reforms
There are 113 firms where a director serves on more than six boards.
Equities rout wiped out 7.38% from MPF in January-October
Citizens lost an average of $19,661 in the first ten months of 2018.
Office rents to fall 3.8% in 2019 as stock markets slump
The slowdown will break a four-year streak.
Hong Kong unveils rules in bid to tame crypto assets
Fund managers will need to meet licensing conditions.
Goldman Sachs unveils funds for retail investors
It will tap on machine learning and data to analyse stocks.
Hong Kong bourse turns to blockchain to boost Chinese share trading
It aims to boost information sharing on northbound trades.
Chinese biotech firm Innovent Biologics raises $3.3b in IPO
It sold 236.5 million shares at $13.98 apiece.
Retail investors cash in on Hong Kong's severe market rout
Investors trading callable bull/bear contracts made about $480m in profits.
Chinese developer Midea Real Estate seeks up to US$493m in Hong Kong float
It is offering 180 million shares priced at $17 to $21.50 apiece.
Rattled consumers beef up savings amidst growing uncertainties
The number of residents pledging to save spare cash rose from 68% to 72% in Q2.
Metal producer Shandong Gold raises $4.82b in IPO priced at low end
The firm sold 327.7 million shares priced at $14.70 apiece.
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