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: JingdongIndustrials launches $420 million Hong Kong IPO
Jingdong Industrials Inc. (7618.HK), the industrial supply chain services arm of JD.com (9618.HK; JD.US), launched its Hong Kong IPOon Wednesday, offering 211 million shares for HK$12.70 to HK$15.50 per share.…
BRIEF: Heavily oversubscribed Lemo soars on Hong Kong trading debut
Shares of massage chair operator Lemo Services Co. Ltd. (2359.HK) opened up 62% in their Hong Kong trading debut on Monday, and held on to most of the gains to close up…
BRIEF: Bao Pharma launches $128 million Hong Kong IPO
Shanghai Bao Pharma Co. Ltd. (2659.HK) launched its Hong Kong IPO on Tuesday, planning to sell 37.9 million shares at an offer price of HK$26.38 per share, raising up to…
BRIEF: Jiangxi Copper offers to buy out SolGold for $905 million
Mining company Jiangxi Copper Co. Ltd. (0358.HK; 600362.SH) said on Sunday it has proposed to acquire the remaining 88% stake it doesn’t already own in copper and gold miner SolGold…
BRIEF: Sun Art names Freshippo veteran as new CEO
Sun Art Retail Group Ltd. (6808.HK), operator of the RT-Mart supermarket chain, announced on Sunday that CEO Shen Hui has resigned from his post to devote more time to family…
