Naphjas Inc. |

23 Feb Tencent-backed Tuhu Car expects 2023 profit turnaround as post-pandemic travel surge boosted demand for vehicle repairs

Posted at 08:17h in Asia

Tuhu Car, a Chinese car maintenance and repair company listed in Hong Kong, said it expects its financial results for 2023 to reflect a turnaround in its business as a post-pandemic rebound in domestic travel boosted demand for its services.The Shanghai-based company expects to record...

20 Feb There is ‘real excitement’ among global investors about Saudi capital market, Riyadh forum is told

Posted at 12:30h in Asia

Saudi Arabia’s capital market is very attractive in the eyes of global investors, and the kingdom’s authorities are pushing for more regulation to enhance the market’s accessibility and stability, with the aim of boosting confidence and to attract further international capital inflows, said panellists at...

20 Feb China regulatory chief’s appointment indicates investor confidence, market reforms are top of the agenda

Posted at 07:38h in Asia

The Chinese securities watchdog’s new head, “Broker butcher” Wu Qing, has lost no time in tackling the turmoil that has rocked the country’s stock markets, after it hit five-year lows this month, unveiling a slew of proposals aimed at reviving market confidence.The China Securities Regulatory...

08 Feb Market call: Chinese start-ups still crave US investors despite IPO challenges, bilateral friction

Posted at 14:00h in Asia

Less clear is whether the largest, most attractive Chinese companies want to navigate the shifting maze of impediments for a US listing – and how interested foreign investors are.Ethan Guo Yuanchi, a co-founder of Scage. Photo: HandoutOnce a license to print money, Chinese initial public...

02 Feb Amer, backed by Anta Sports, makes winning debut in New York after US$1.4 billion stock offering

Posted at 02:28h in Asia

Amer Sports, backed by China’s biggest sportswear maker Anta Sports Products, made a winning start as a listed company after its shares rose by 3.1 per cent in New York on Thursday.Shares of the Finland-based company closed at US$13.40, giving the owner of Wilson, Salomn...

30 Jan Hong Kong eyes moves to attract IPOs of mainland Chinese, Middle Eastern firms to spur stock market, Paul Chan says

Posted at 10:27h in Asia

Hong Kong will encourage more companies from mainland China, Middle East and Southeast Asia to list in the city as part of the government’s initiative to revive its sluggish financial market, according to Financial Secretary Paul Chan Mo-po.The government is actively engaging with regulatory authorities...

22 Jan Amer Sports, owner of Wilson and Salomon brands, mulls raising up to US$1.8 billion in US IPO, sources say

Posted at 05:23h in Asia

Amer Sports, the maker of Wilson tennis racquets and Salomon ski boots, is seeking to raise as much as US$1.8 billion in a US initial public offering, according to people familiar with the matter.The company could market about 100 million shares in a range of...

19 Jan TikTok owner ByteDance allows employees to cash in stock options earlier under new payroll policy

Posted at 10:00h in Asia

ByteDance, owner of global short video hit TikTok and its Chinese sibling Douyin, has adjusted its payroll policy to allow employees to sell their stock options faster, as plans for an initial public offering (IPO) remain in limbo.Under the new rule, applicable to ByteDance’s 110,000...

17 Jan Hong Kong IPO pipeline grows as Chinese restaurant chain Xiaocaiyuan files listing application

Posted at 09:01h in Asia

Mainland Chinese restaurant chain Xiaocaiyuan International Holding has filed an initial public offering (IPO) application in Hong Kong, hoping to raise funds to expand its branch network offering fare from the eastern Anhui province.The Tongling, Anhui-based chain joins a handful of companies, mostly from the...

12 Jan Lianlian applies to revive its Hong Kong IPO as Ant Group’s rival takes a second stab at raising funds

Posted at 11:00h in Asia

Lianlian DigiTech has applied to revive its initial public offering (IPO) in Hong Kong, as the provider of cashless payment services and competitor to Ant Group takes a second stab at raising funds.The Hangzhou-based company, which had reportedly sought to raise US$500 million last June,...

IPO Tag