Search Results for:Donny Kwok

China’s BAIC Motor to raise $422m via share sale for working capital

BAIC Automotive Group Co Ltd’s stake in the Hong Kong-listed firm will be reduced to 42.6 percent on completion of the deal from 44.98 percent.


Chinese sportswear retailer Pou Sheng shareholders vote against taking firm private

Pou Sheng’s parent firm, Taiwan’s Pou Chen Corp proposed taking Pou Sheng private in a deal valuing it at $1.4 billion.


China’s CITIC unit to buy 25% in Ausnutria Dairy for $250m

CITIC Agri Fund Management Co Ltd will become the dairy products supplier’s biggest shareholder.


HNA’s property unit pledges 41% stake as collateral for loan

In recent months, other HNA units including Bohai Capital and HNA Infrastructure have pledged company shares to raise capital as the conglomerate seeks to alleviate strains caused by a $50 billion acquisition spree.


China HNA unit to sell two HK sites to Henderson Land for $2b

The sale comes as HNA faces financing strains following a $50 billion acquisition spree over the past two years.


Beijing Enterprises Water Group plans $468m share sale

It will use the proceeds to meet working capital needs.


Wanda Hotel sees $55m profit from 60% stake sale of London property unit

Wanda Hotel is selling the stake in Wanda International Real Estate to an unidentified independent third party for $49 million


China Hongqiao plans $800m share sale to reduce debt

It will sell the stake to its controlling shareholder.


China’s Lufax seeks $60b valuation with April IPO in Hong Kong: Report

Lufax’s would be the second mega fintech share offering in Hong Kong after ZhongAn Online Property & Casualty Insurance, which raised $1.5 billion in September.


Alibaba founder says to consider Hong Kong listing: Report

Alibaba held its record $25 billion public float in New York in 2014 after Hong Kong, its favoured venue, refused to accept its governance structure.