Li Ning stumbles over costly makeover plan
Li Ning Company tumbled yesterday after the sportswear retailer – struggling with weak sales and high inventory – announced it would raise HK$ 1.87 billion by issuing convertible securities to…
Offshore hopes trigger rally in Vanke Property
Investors expressed high hopes for Vanke Property (Overseas), a subsidiary of the mainland’s biggest developer, China Vanke, pushing the share price of the Hong Kong-listed unit up 12.95 per cent…
Asian markets mixed, Tokyo surges on yen tumble
Asian markets were mixed on Friday, with Tokyo’s Nikkei surging on the back of a weaker yen, while Wall Street provided an uneven lead. The yen resumed its downtrend after…
Mongolia’s Tavan Tolgoi says no IPO in 2013
Mongolia’s giant Tavan Tolgoi coal project is facing financial difficulties and an initial public offering for the mine originally scheduled for this year will not go ahead, the chief executive…
China shares fall in sharp reversal, Hang Seng slips
The Hang Seng slipped for a second-straight day on Thursday, with Apple’s suppliers hit after the tech giant reported underwhelming quarterly revenue. Markets & Investing feed…
Finance lobby group issues emerging market warning to investors
A leading lobby group for the world’s financial institutions is warning investors not to get caught short in emerging markets if rich-country central banks end their stimulus measures. Markets &…
FX models resurrected as markets emerge from crisis mode
Computer-driven funds are seizing on signals suggesting the herd-like “risk-on/risk-off” investment behaviour that has dominated currency trading since 2010 is fading. The tight correlations that saw safe haven assets like…
Sunac China fundraising plan pushes down stock
Sunac China Holdings dropped more than 8 per cent yesterday after announcing a plan to sell shares to raise funds for development and working capital. The shares fell 8.6 per…
Asian markets ease ahead of BoJ policy move
Asian markets were mostly lower on Tuesday in quiet trade as dealers sit tight ahead of the conclusion of a Bank of Japan policy meeting later in the day. With…
Paul Y shareholders approve Macau fundraising
Hong Kong-based Paul Y Engineering’s (PYE) shareholders yesterday approved a fundraising plan through share placement and convertible bonds for a high-end Macau tourist project. The engineering and property firm said…
