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HONG KONG/NEW YORK: China suspended Ant Group's US$37 billion listing on Tuesday, thwarting the world's largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma.
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is targeting to double the number of freighter flights at the KLIA in the next 10 years following the commencement of operations of the new e-fulfilment hub, Cainiao Aeropolis eWTP Hub, Malaysia.
CHINA’S Ant Group, which is about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it – a financial colossus or a tech giant?
KUALA LUMPUR: Fraser & Neave Holdings Bhd, Prestariang Bhd, My EG Services Bhd, Frontken Corp Bhd and Country Heights Holdings Bhd, according to JF Apex Research.
KUALA LUMPUR: Shares in Malaysia Airports Holdings Bhd (MAHB) rose over 3% in early trade Wednesday following news of the commencement of Cainiao Aeropolis Electronic World Trade Platform (eWTP) Hub.
SHANGHAI/HONG KONG: China's shock move to suspend Ant Group's record US$37 billion listing was described as necessary and reasonable by state media as well as by some analysts, even though it came just days before its dual debuts in Shanghai and Hong Kong.
IT WAS heralded as China’s answer to JPMorgan -- a homegrown financial giant on the cusp of the biggest stock-market debut the world has ever seen.
ANT Group Co. will survive the 11th-hour suspension of its blockbuster $35 billion listing in Shanghai and Hong Kong if the company can learn from its technology peers.
HONG KONG: The shock suspension of Ant Group Co’s US$35bil initial public offering (IPO) is just the beginning of a renewed campaign by China to rein in the fintech empire controlled by Jack Ma.