国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Make me your Homepage
left corner left corner
China Daily Website

HK's IPO market taking off

Updated: 2013-12-12 09:35
By Gao Changxin in Shanghai ( China Daily)

HK's IPO market taking off

A woman walks past a China Everbright Bank Co Ltd branch in Beijing on Tuesday. The bank raised more than $1.6 billion from cornerstone investors for a planned initial public offering in Hong Kong that could be the city's biggest of the year. Wang Zhao / AFP

Hong Kong's IPO market is seeing a revival, as new deals are flooding the market after the mainland's plan to overhaul the economy was announced.

Bad-debt manager China Cinda Asset Management Co Ltd will soon lose its title as Hong Kong's biggest IPO this year, which it grabbed days ago, to China Everbright Bank Co Ltd, which launched a $2.8 billion offering on Tuesday.

Cinda, one of the four major bad-debt managers established in 1999 to save then-faltering State-owned lenders, said on Wednesday that it raised HK$18.5 billion ($2.4 billion) by issuing 5.3 billion shares at HK$3.58 each, the top of the price range. The shares will start trading on Thursday.

Funds from the offering will boost bad-debt management, financial investments and asset management, it added.

The announcement came after China Everbright Bank, the lending unit of State-owned China Everbright Group, said in its prospectus that it plans to raise up to $2.8 billion by offering 5.08 billion new shares at HK$3.83 to HK$4.27 apiece. The country's 11th-largest lender is joining its mainland peers in a fundraising spree ahead of new regulations that require lenders to hold more capital as a buffer to risks.

Everbright's 19 cornerstone investors include Ocean Fortune Investment Ltd, Ever Ideal Ltd, Prudential Insurance Co of America, Sun Life Assurance Co of Canada and Sinochem International (Overseas) Pte Ltd. Those investors pledged to buy shares worth $1.74 billion, representing about 70 percent of the value of the IPO.

Cornerstone investors are usually big institutions that promise large share purchases in advance and promise to hold them for at least six months.

The two major offerings are helping Hong Kong's IPO market regain vigor. Investors were worried that the city might see last year's doom extended, after it missed out on the huge offering by Alibaba Group Holding Ltd earlier this year. But a slew of other offerings saved the market from another lackluster year.

 

Read more:

China Cinda announces Hong Kong IPO
Mainland firms cash in on Hong Kong IPOs
China Everbright's IPO expected to net $2.8b
Alibaba denies ditching HK for IPO

 

Previous Page 1 2 Next Page

 
 
...
青阳县| 南华县| 汉源县| 花垣县| 浦江县| 黔东| 资源县| 泗水县| 锡林郭勒盟| 台州市| 石柱| 海南省| 南康市| 大港区| 监利县| 屏边| 漳州市| 时尚| 唐河县| 肇源县| 日喀则市| 樟树市| 榆林市| 铁力市| 平江县| 洛浦县| 富锦市| 宁陵县| 布拖县| 藁城市| 尤溪县| 双峰县| 马关县| 清河县| 滨海县| 平度市| 渝北区| 遵义县| 城固县| 碌曲县| 图木舒克市|