INDUSTRY NEWS WRAP: Nasdaq to crack down on small Chinese listings
The exchange operator’s proposed new rules would require all new Chinese IPOs to raise at least $25 million By Doug Young The Nasdaq on Wednesday proposed new listing standards…
NEWS WRAP: Strong demand for local deliveries drives SF Intra-City to record revenue
Revenue for China’s top on-demand delivery service provider passed the 10 billion yuan mark in the first half of the year, as its net profit more than doubled By…
BRIEF: WH Group to sell down Smithfield stake
Pork producer WH Group Ltd. (0288.HK) announced on Wednesday that its wholly owned SFDS UK Smithfield unit will sell 16 million shares of its U.S.-based Smithfield Foods Inc. (SFD.US) subsidiary…
BRIEF: Shoucheng plans $77 million share placement
Smart infrastructure asset management services provider Shoucheng Holdings Ltd. (0697.HK), said on Thursday it will sell 276 million new shares for HK$2.17 apiece in a top-up placement. The transaction represents…
BRIEF: WuXi XDC to raise $348 million via share placements at 4% discount
Contract drug services provider WuXi XDC Cayman Inc. (2268.HK) on Wednesday announced two share placements to raise a combined HK$2.71 billion ($348 million) in new funds. The company plans to…
BRIEF: Yunfeng invests $44 million for 10,000 ether tokens
Yunfeng Financial Group Ltd. (0376.HK) said on Tuesday it purchased 10,000 ether tokens on the open market for $44 million. Funds for the purchase came from the company's internal reserves,…
