By Bonnie Cao
Qihoo 360 Technology Co. led a rebound in U.S.-traded Chinese companies that are seeking to move their listings to the mainland after a three-day selloff.
U.S. buyout firm Kelso & Co. and Xiwang Group Co., a Chinese conglomerate whose businesses spanned from sugar, glucose to special steel, are also among bidders picked to submit second-round offers.
Super Sports has exclusive rights to broadcast and distribute live football matches of the English Premier League in mainland China and Macau until the end of the 2018-19 season.
Associated British Foods Plc, the British food-to-retail conglomerate, plans to sell its Chinese sugar business for as much as $1 billion.
Its parent, Kingsoft also participated in the round, and increased its shareholding from 51.83 per cent to 52.15 per cent on a fully diluted basis.
Shenzhen-based technology conglomerate Kuang-Chi, has launched a $300 million international innovation fund “Kuang-Chi GCI Fund & Incubator” based in Israel. The fund, which will invest in in early to mid-stage Israeli and global companies, has an initial mandate of $50 million. It is planned to grow to $300 million in the next three,… Read more »
The investment was made from Warburg Pincus XII, the firm’s latest buyout fund, which had closed at $13.4 billion in 2015.
The rapidly closing door will be a painful reality check. About 50 U.S.- and Hong Kong-listed companies have announced plans to go private with the aim of relisting in China.
China’s stock regulator is considering measures to curb the flow of overseas-traded Chinese companies seeking backdoor listings in the domestic equity market.
China Railway Materials Co., a government-backed company whose bond trading halt last month contributed to a sell-off in the nation’s domestic debt market, said it will make a note payment due next week.