Post Tagged with: "IPO"

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, the world?s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, a state monopoly that is by far the biggest cigarette maker in the world, plans to list its international unit on the Hong Kong stock exchange even as pressure increases on the government to curb smoking. The unit, China Tobacco International, is primarily responsible for procuring overseas […]

Why this Hong Kong tycoon?s family backed biotech firm ditches the city for Nasdaq listing

Why this Hong Kong tycoon?s family backed biotech firm ditches the city for Nasdaq listing

Stealth BioTherapeutics, a US-based mitochondrial diseases drug developer backed by Hong Kong property developer Hang Lung Group?s Chan family, has ditched its listing plan in the city for a flotation in the disclosure-based Nasdaq market that has fewer time-consuming approval hurdles. The move comes after a sharp correction of pharmaceutical […]

The bicycle kingdom goes electric, and China?s biggest e-bike maker Yadea wants to make most of them

The bicycle kingdom goes electric, and China?s biggest e-bike maker Yadea wants to make most of them

Dong Jinggui, chairman of China?s largest electric scooter maker , envisions rebranding e-bike as glitzy and hi-tech by launching new models that would be priced five times more than existing products. The Hong Kong-listed company plans to unveil dozens of new electric bicycles in 2019, with some products priced at […]

The tenuous truce in the US-China trade war will decide whether Hong Kong?s best IPO party ever continues in the new year

The tenuous truce in the US-China trade war will decide whether Hong Kong?s best IPO party ever continues in the new year

On July 12, the Hong Kong stock exchange (HKEX) conducted an unprecedented ritual to start its trading day: four gigantic gongs were struck one after the other by executives of eight companies to commemorate the debut of their stocks. The eight companies, including Chinese live-streaming application Inke, had to share […]

Don?t worry about amount raised, get out first ? Chinese firms rush to list overseas, avoid 2019 headwinds

Don?t worry about amount raised, get out first ? Chinese firms rush to list overseas, avoid 2019 headwinds

Vivien Han?s company went public in New York this summer, grabbing headlines in the Chinese media, and was considered another rising star that had successfully tapped the fast-growing Chinese consumer market. Han and her colleagues, however, did not consider the initial public offering (IPO) a success. ?We had to cut […]