NEWS WRAP: Hong Kong IPO market crescendos with six new listings in one day
All six stocks closed up on their first trading day, as the group collectively raised $810 million By Doug Young Six companies made their trading debut on the Hong…
NEWS WRAP: Cango’s largest shareholder to boost stake to near-majority control
Enduring Wealth Capital Ltd. will buy $10.5 million worth of newly issued Class B Cango shares that will boost its voting stake in the bitcoin miner to 49.61% By…
BRIEF: China Jinmao disposes of Sanya Ritz-Carlton
Property developer China Jinmao Holdings Group Ltd. (0817.HK) said on Tuesday it disposed of its Ritz-Carlton Sanya Yalong Bay on South China’s Hainan Island through an asset securitization deal valuing the resort…
BRIEF: Nanhua Futures slumps in Hong Kong trading debut
Shares of Nanhua Futures Co. Ltd. (2691.HK; 603093.SH) fell 24% on their first trading day in Hong Kong on Monday, as the company raised HK$1.2 billion ($154 million) by selling…
BRIEF: HashKey launches $200 million Hong Kong IPO
Digital asset platform HashKey Holdings Ltd. (3887.HK) launched its Hong Kong IPO on Tuesday, aiming to sell 240 million shares for HK$5.95 to HK$6.95 apiece to raise about HK$1.67 billion ($214…
BRIEF: PICC shares sink on reports of executive’s detention
Shares of insurer PICC Property and Casualty Co. Ltd. (2328.HK) fell on Wednesday, after media reported its vice president Yu Ze was missing, and was like being investigated for corruption.…
BRIEF: Noah Holdings’ profit jumps 63% despite revenue decline
Wealth management firm Noah Holdings Private Wealth and Asset Management Ltd. (NOAH.US; 6686.HK) announced on Tuesday its revenue fell 7.4% year-on-year to 632.9 million yuan ($88.9 million) in the third…
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