Big share offerings expected to hit soon
The market is holding its breath in anticipation of several huge initial public offerings, including one by Haitong Securities, materialising in the next two months. Sources said Haitong, which scrapped…
Mining venture out to unearth HK$1.6b
Kinetic Mines and Energy, controlled by Guangzhou developer Zhang Li, aims to raise up to HK$ 1.61 billion through an initial public offering to develop a coal mine, cut debt…
Directors’ share-dealing records fairly flat week
Companies buy-back activity falls, with only seven companies reporting 28 repurchases in slow trade, says Robert Halili. Home/Business/Markets…
Business Digest
Sany Group, owner of China’s biggest machinery maker, said sales growth rate may drop by about half to 25 per cent as the economy slows. Sales may exceed 100 billion…
UBS among takers for US$1.6b Cinda stake
China Cinda Asset Management, one of four funds created in 1999 to buy bad debts from banks, is close to selling a stake to investors including UBS for US$ 1.6…
Crude lesson to be learned for China
China should heed the political lesson of having top oil executive Liu Yingcai expelled from South Sudan if it wants to avoid any further costly misunderstandings with the government of…
Port builder rises 23pc as concerns fade
Shares of China Communications Construction (CCC) made a strong debut on the Shanghai Stock Exchange yesterday as investors took heart from the upbeat remarks by the chairman of the country’s…
HK fund firm joins mainland venture
The first Hong Kong-mainland joint-venture asset management company has been set up, with the local fund house Value Partners taking a 49 per cent stake in the Shanghai-based asset manager…
Blackrock bullish on Asian stocks
Contrary to the present wisdom that investing in bonds and other fixed-income assets is less risky and generates more stable returns, fund manager Blackrock contends Asian equities are the more…
Port of Shanghai sees a slowdown
In a sign of slowing global trade, the throughput of Shanghai, the world’s busiest port, turned out to be weaker than expected in the first two months of this year.…
