IPOs & Markets
The move gives onshore investors access to some of the world’s hottest startups such as Xiaomi Corp and Meituan Dianping.
Cathay Media filed for an IPO in HK last month in possibly the third major sale this year for a mainland movie firm.
The three-year-old main index has only five stocks and little trading, stoking skepticism about the nation’s ability to foster a vibrant equity cult
Emami Group is seeking a valuation of about $1 billion for its cement unit.
Founder Jia Yueting will use his stake in LA-based Faraday & Future to set up a creditor trust to repay his debts.
THP is also looking at acquiring smaller beverage makers in established tea markets such as Thailand and Taiwan.
Absa Group Ltd.’s plans to tap other parts of Asia and the Middle East as well.
HKEX is also prepared to meet investors’ demands to increase the cash portion of the offer.
The move comes less than two months after Li Ka-shing Foundation gave $64 million to a local university.
The steelmaker is seeking a valuation of about $197 million for its stake.
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