Tonghua Tongtian Winery Co Ltd<0388> last week announced plans for an initial public offering on the Hong Kong Stock Exchange to raise funds for capacity expansion, sources reported. Tongtian Winery is expected to raise up to HK$464 million by issuing around 414 million shares. The issue price will be...
Evergrande Real Estate Group Limited<3333>, a Guangzhou-based property enterprise, debuted on the main board on the Hong Kong Stock Exchange today and saw its shares rise 34.29% on its first day of trading.Shares of the company started trading at HK$4, a price higher than the IPO price of HK$3.5. They...
China Construction Bank (Asia), which is based in Hong Kong and is a wholly-owned subsidiary of China Construction Bank Corp<601939><0939>, announced yesterday that it has successfully finished the acquisition of AIG Finance (Hong Kong) Ltd, a unit of American International Group.CCB Asia said that AIG...
Hong Kong's retail sales rose 2.4% year on year to HK$21.4 billion in September, according to statistics released by the Census and Statistics Department on Monday. The region's retail sales saw a slight year-on-year rise in September after declining for seven consecutive months, due to improvement in local...
Horse racers compete at the Hong Kong Jockey Club, one of the largest racing organizations in the world. Photo: CFP By Li Qiaoyi The Hong Kong Jockey Club (HKJC) doesn't just horse around. It plays an enormous role in Hong Kong's economy and is much more than a non-for-profit racing organization...
The First Hong Kong Brands Exhibition featuring hundreds of companies from Hong Kong, kicked off in Beijing Thursday, and will be close Tuesday. Various products including foods, digital products and costumes were on display. Photo: IC
China Minsheng Banking Corp Ltd<600016>, China's first privately-owned lender, yesterday obtained approval from the Listing Committee of the Hong Kong Stock Exchange to launch an initial public offering on the bourse, said insiders from the Chinese lender, sources reported.Minsheng Bank is expected to...
Japanese train builders and parts suppliers stand to benefit from China's purchase of high-speed rail technology.
Peak Sport Products Co Ltd<1968>, which has the largest market share in China's basketball footwear market, opened at HK$3.7 per share yesterday on its first trading day on the Hong Kong Stock Exchange, 9.8% lower than its issuing price of HK$4.1 per share, and plunged 17.07% to HK$3.4 per share, sources...
Bosera Asset Management Co, China's third-largest fund manager, is applying to set up a wholly-owned subsidiary in Hong Kong, said president Xiao Feng on Thursday.The subsidiary will have a registered capital of HK$10 million, said Xiao, adding that the company hopes to put the Hong Kong subsidiary into...