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HONG KONG: Evergrande Property Services Group's Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, three sources said, the tepid demand underscoring concerns about the financial health of its debt-laden parent.
HONG KONG: JD Health, the healthcare arm of Chinese e-tailer JD.com Inc, aims to raise up to $4 billion in Hong Kong's largest initial public offering (IPO) of 2020, three people with direct knowledge of the matter told Reuters.
TOKYO: Japan Airlines Co Ltd said on Wednesday it raised a more-than-expected $1.8 billion in a share sale which was aimed at strengthening its finances amid the coronavirus pandemic.
KUALA LUMPUR: Shares in AT Systematization Bhd fell marginally in early trade after its acquisition of industrial glove maker has fallen through.
HONG KONG, Nov 9 (Bloomberg): China's move to halt Ant Group's massive stock debut could reduce the fintech giant's value by as much as US$140 billion (S$188 billion), according to analysts' revised estimates.
FOR bankers, Ant Group Co.’s initial public offering was the kind of bonus-boosting deal that can fund a big-ticket splurge on a car, a boat or even a vacation home. Hopefully, they didn’t get ahead of themselves.
CHINESE regulators have told Ant Group Co. it can’t proceed with an initial public offering until after it complies with new capital requirements and other restrictions imposed on the country’s financial conglomerates at the start of this month.