Kanzhun founder raises $110 million in share sale, reportedly to pay new offshore tax bill
Kanzhun Ltd. (BZ.US; 2076.HK), operator of China’s leading online recruitment platform Boss Zhipin, disclosed that its founder and Chairman Zhao Peng sold down some of his company shares on Monday…
ZTO shares slump after Alibaba pares stake
Alibaba on Monday pared its stake in logistics firm ZTO Express (Cayman) Inc. (2057.HK; ZTO.US), offloading 25 million American depositary shares (ADS) at $20.02 apiece in a transaction valued at…
Robot vacuum component maker Camsense launches $78 million Hong Kong IPO
Robot vacuum spatial perception component maker Shenzhen Camsense Technologies Co. Ltd. (6802.HK) launched its Hong Kong IPO on Tuesday, offering shares at HK$58.85 each. The company expects to raise net…
Transwarp dips in Hong Kong trading debut
AI infrastructure software provider Transwarp Technology (Shanghai) Co. Ltd. (6727.HK) opened flat in its Hong Kong trading debut on Monday, then edged slightly lower to end the morning session at…
Global New Material to raise $190 million through convertible bond sale
Pearlescent pigment maker Global New Material International Holdings Ltd. (6616.HK) said on Friday it plans to issue Hong Kong dollar-settled 3.25% convertible bonds with an aggregate principal amount of 1.3…
Ligent Technologies launches $700 million Hong Kong IPO
Optical communications product maker Ligent Technologies Inc. (9856.HK) launched its Hong Kong IPO on Monday, aiming to raise about HK$5.45 billion ($695 million) by selling 172 million shares to investors…
Z.AI to raise $5 billion from share placement and convertible bonds
AI large-model developer Z.AI Co. Ltd. (2513.HK), also known as Zhipu, announced on Sunday it plans to concurrently place new shares and issue convertible bonds to raise combined net proceeds…
