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TOKYO (AP): Asian shares rose Wednesday (June 3) after Wall Street extended its gains for a third straight day, driven by optimism over economies reopening from shutdowns to stem the coronavirus pandemic.
HONG KONG is finally set to see its first billion-dollar plus listing in more than six months.
AMSTERDAM,: Shares in coffee maker JDE Peet's surged almost 13% in their stock market debut on Friday as investors jumped on one of the few big IPOs launched during the coronavirus crisis.
HONG KONG: Hong Kong stock exchange’s boss called for confidence that the city will maintain its “undisputed” role as Asia’s financial nave, even as it battles the fallout from the coronavirus outbreak and political unrest.
TikTok’s parent ByteDance Ltd generated more than US$17bil (RM74.08bil) in revenue and more than US$3bil (RM13.07bil) of net profit last year, figures that show the world’s most valuable startup is still growing at a brisk rate, according to people familiar with the matter.
PHNOM PENH: Cambodian commercial bank Acleda made its debut on the Cambodia Securities Exchange (CSX) on Monday after an initial public offering (IPO) raised US$17.5 million. The locally-owned bank becomes the sixth equity-listed firm and is the first commercial bank that issued its IPO on the kingdom's bourse.
HONG KONG: Hong Kong’s stock exchange, seen as one of the potential big winners from a bill last week by the United States Senate to limit listings of Chinese companies, Hong Kong Exchanges & Clearing Ltd (HKEX), now faces what could be an even more rocky year than 2019, when political unrest cooled trading and brought revenue growth to a near standstill.
PHNOM PENH: Cambodia's largest commercial bank listed on the country's stock market on Monday (May 25), the first lender to trade on the fledgling exchange, despite uncertainty caused by the Covid-10 coronavirus pandemic.