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: InSilico jumps in Hong Kong trading debut
Shares of AI-driven drug discovery platform InSilico Medicine (3696.HK) opened up 45% at HK$35 in their Hong Kong trading debut on Tuesday, before paring the gains to close up 34.1%…
BRIEF: Forest Cabin rises in Hong Kong debut
Shares of skincare products maker Shanghai Forest Cabin Cosmetics Group Co. Ltd. (2657.HK) opened up 9.3% at HK$85 in their Hong Kong trading debut on Tuesday, then continued to rise to close up…
BRIEF: SolGold agrees to be acquired after Jiangxi Copper raises its bid price
The board of gold and copper miner SolGold Plc (SOLG.L) agreed to recommend an offer to sell the company to Jiangxi Copper Co. Ltd. (0358.HK; 600362.SH), reversing its earlier position, after the…
BRIEF: SJM completes L’Arc Hotel acquisition
Macao casino operator SJM Holdings Ltd. (0880.HK) announced on Sunday that it completed its acquisition of Arc of Triumph Development Co. Ltd. on Dec. 17, making Arc a wholly owned…
