In addition to the turmoil in A.S. Watson’s home market of Hong Kong, uncertainties around Brexit have affected the retailer’s business in the U.K
IPOs & Markets
Topsports will be one of the first major companies to test the Hong Kong IPO market in September with protests still roiling the city.
HSBC Holdings Plc cut about 10 banking jobs in Japan and Australia, eliminating the merger advisory teams based in those countries.
Plus.AI counts China’s largest truck-sharing platform, Full Truck Alliance Group, as its external shareholder.
An acquisition by the South Korean asset manager could value the 15 properties at more than $5.5 billion.
Its potential suitors include Chinese conglomerate China Merchants Group.
JPMorgan Chase & Co. and Morgan Stanley lost out on their cut of what would’ve been the year’s biggest IPO last week.
It was slated to be this year’s biggest IPO that would surpass Uber’s $8.1 billion share sale.
At $35 billion, the volume of Chinese outbound M&A is the lowest tally for the first six months of the year since 2013.
PE firms Hillhouse Capital, KKR and Blackstone were among parties considering bids for the Nexon stake earlier in the process.
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