HK Exchange said to consider tech asset acquisitions as new strategy

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Hong Kong Exchanges & Clearing Ltd Chief Executive Officer Charles Li is considering takeovers in the data, analytics and blockchain sectors

HKEX

India: More than half of IPOs listed in 2018 trading below issue price

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Out of 21 initial public offers (IPOs) in 2018, shares of 11 companies now trade below their issue price.


Vietnam: Vietcombank secures approval to increase charter capital by 10%

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The shares will be offered to FIIs including one or more existing shareholders of Vietcombank and no more than 10 investors.


Chinese AI-enabled mobile internet firm CooTek scales back US IPO target to $57m

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CooTek’s major shareholders include Qiming Funds (18.2 per cent), Sequoia (17.9 per cent), and SIG China (14.2 per cent).


China’s unicorns race to IPO as US startups choose to stay private for longer

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Five IPOs have helped at least 16 tech bigwigs ring up a combined $48 billion of net worth at the time of the listings.


Beijing Capital Land halts A-share listing plan due to long-awaited approval

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The Beijing-based developer will resubmit a listing application once there is sign of easing


China’s Meituan Dianping climbs 6% in Hong Kong trading debut

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Meituan’s performance is being seen as a test of investor appetite for Hong Kong listings against a backdrop of weak markets and previous multi-billion dollar IPOs that have struggled to hold above their issue price.


SGX-listed Indonesian coal miner Geo Energy eyes dual listing in HK

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The Hong Kong listing will allow Geo Energy to tap a wider investor base and enhance its proximity to Mainland China and Hong Kong.


Indian regulator SEBI plans to tighten financial market rules

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The changes are aimed to curb mis-selling of securities, market manipulation and insider trading


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

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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.