Search Results for:Julie Zhu

HSBC likely to become first firm to issue Chinese Depositary Receipts

HSBC has tasked its investment banking joint venture in China as well as CITIC Securities Co Ltd to work on the issuance.

Temasek-backed Chinese firm Innovent Biologics plans $422m HK IPO

Chinese biotech firm Innovent Biologics is looking to raise up to $422 million in its Hong Kong IPO, three sources said, in what could be the biggest biotech IPO in the financial hub this year. Innovent, which is backed by mutual fund giant Fidelity and Singapore state investor Temasek, has… Read more »

HNA said to be in talks with Ant Financial, others over sale of IT unit Pactera

HNA had bought Pactera from Blackstone in 2016 for $675 million (515 million pounds) in cash.

China’s Qingdao Haier targets to raise $464m from first German share sale

A Haier listing on the infant China Europe International Exchange (CEINEX) would attract European investment in Chinese companies.

China’s Tencent Music postpones $2b US IPO as stock market sinks

The music arm of tech giant Tencent Holdings was originally planning to launch its offering as soon as next week.

China: Cash-strapped HNA puts property assets worth $11b for sale

Since January, HNA has sold or agreed to sell over $20 billion worth of assets, including real estate in Sydney, New York and Hong Kong.

China’s HNA said to seek buyer for Singapore’s CWT logistics business

China’s HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a $1 billion deal, several people familiar with the matter told Reuters. The sale, if completed, would be the latest in a series of divestments aimed at… Read more »

China’s Tencent Music said to halve US listing to $2b

Tencent Music had earlier been seeking to raise up to $4 billion, which would have made it the biggest Chinese float in the United States so far in 2018, ahead of streaming company iQiyi’s $2.42 billion IPO in March.

China’s hotpot chain Haidilao raises $963m in Hong Kong IPO

Haidilao plans to use the proceeds to fund its international expansion into markets including the United Kingdom and Canada.

Tencent-backed Meituan Dianping raises $4.2b via HK IPO

The online food delivery-to-ticketing services platform priced its Hong Kong IPO near the top end of an indicative range