By Joshua Franklin
The IPO priced at $6.25, at the low end of its $6.25 to $8.25 target price range, will value NIO at $6.4 billion
The deal would make CKI, founded by Hong Kong tycoon Li Ka-shing, the major gas pipeline player in Australia.
HSBC’s Asia private bank will add 700 people by 2022 from a headcount of 1,100 at the end of 2017.
CLP has the option to acquire the balance 51% stake in the two solar projects, Gale and Tornado respectively, in future.
Other investors include tech operators, founders and executives of Zappos, Optimizely and NerdWallet.
Amer has long been a target for Anta, which sells the Fila and Descente sportswear brands as well as its own home-grown Anta brand in China
The investor group, which also included KKR & Co and China’s sovereign wealth fund, has decided not to continue pursuing a deal after its initial proposal was rejected.
It was Alibaba’s record-setting initial public offering that altered the country’s tech industry for good.
Jack Ma will step down as executive chairman of Alibaba Group Holding Ltd. in 2019, handing the reins to Daniel Zhang, who became chief executive officer barely three years ago. The 46-year-old certified accountant has been the driving force behind a mandate to transform old-school commerce using technology that it’s dubbed “ New Retail.”
The buyout major acquired the stake from specialist healthcare fund, MVM Partners.