By Martin Ritchie
The deal involves an asset swap with a Shanghai-listed Chinese property company, whereby China Zhongwang will sell Liaoning Zhongwang Group Co. to CRED Holding Co. for 28.2 billion yuan, and in return receive majority control of the Beijing-based realtor. By injecting its extrusion unit into CRED Holding, Hong Kong-traded China Zhongwang will achieve a listing in Shanghai.
Total value of this tender offer is $2.44 billion, the company reported to the Stock Exchange of Thailand.
YTO Express plans to go public via a 17.5billion yuan merger with a listed clothing maker, becoming the latest courier seeking capital market funds to stay competitive during China’s e-commerce boom.
The long-short fund, which will invest solely in Indian equities, will start in May. The fund will generally aim to hold 30 to 35 long positions and 20 short positions in shares that it expects to decline.
Thailand’s cabinet on Tuesday approved a law change to allow the central bank to invest international reserves in equity instruments overseas to help diversify risks, the central bank governor said.
Infibeam Incorporation Ltd, the first Indian e-commerce firm to go public, saw its initial public offering (IPO) issue being subscribed 0.63 times on the second day of the share sale on Tuesday, data from National Stock Exchange (NSE) showed. The qualified institutional buyers’ portion was subscribed 0.47 times. The portion… Read more »
WCI Holding is acquiring stakes in two companies from EFORL before submitting its IPO filing while Thai condominium developer Chewathai’s IPO plan is suspended after the SEC.demands for a clarification. WCI acquires stakes before listing in H2 WCI Holding (WCIH), a parent company of Thailand’s leading skincare clinic Wuttisak Clinic Inter Group,… Read more »
The Indonesian government sold $2.5 billion of sharia bonds to the global markets on Tuesday, the largest amount it has raised to date from what’s known as “global sukuk”.
The Australian bourse runs Asia’s largest interest-rate derivatives market and the 12th-biggest global equity venue.
Given economic and market volatility, depressed commodity prices and currency depreciation, Asean had a quiet first quarter. Singapore, Malaysia, Indonesia and Vietnam saw a combined 11 deals raising $205 million.