Big Banks Test the Waters for New China Listings With QuantaSing IPO
The adult education specialist’s IPO underwriters include Citigroup, as well as two of China’s biggest investment banksKey Takeaways:Investment banking majors Citigroup and China’s CICC and CLSA are sponsoring a new…
FAST NEWS: CIMC Vehicles Slumps as Pandemic Slams Brakes on Truck Demand
The latest: Container truck manufacturer CIMC Vehicles (Group) Co. Ltd. (1839.HK; 301039.SZ) announced its revenue fell 25.3% to 5.13 billion yuan ($782 million) in this year’s first quarter, while its profit…
FAST NEWS: Citi Discloses 5% Stake in Jiumaojiu, But Shares Still Fall
The latest: Citigroup disclosed it has taken a 5% stake in Chinese restaurant chain operator Jiumaojiu International Holdings Ltd. (9922.HK), according to a Hong Kong Stock Exchange filing. Citi had…
FAST NEWS: CIMC Vehicles Surges, Then Fades After Citigroup Cuts Stakeholding
The latest: Citigroup cut its stake in China's leading container truck maker CIMC Vehicles (Group) Co. Ltd. (1839.HK; 301039.SZ) by approximately 37.53 million shares on Nov. 12, leaving it with only…
Truck Maker CIMC Vehicles Gets Jump-Start From Citigroup
Company’s undervalued shares jump 17% after U.S. financial giant discloses its purchase of a 6.7% stake worth around $200 million Key points: Citigroup has joined Singapore’s GIC by buying a…
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