HSBC experienced another rise in shares at the Hong Kong stock trading. Europe's largest bank in terms of market value, HSBC Holdings PLC (HSBA), stocks rose on its sixth week in the Hong Kong stock trading.
Hong Kong
Fosun seals USD500 million convertible bond deal
Fosun International raised USD500 million from selling convertible bonds. Fosun International, the largest privately-owned conglomerate in China, managed to raise HKD3.
Real estate markets experience revival in private equity- report
An Ernst & Young Global Limited report revealed that private equity has finally made a comeback in real estate markets after a five-year hiatus.
Top deals of the day - M&As
The following bids, mergers, acquisitions and disposals were reported on Thursday. The following bids, mergers, acquisitions and disposals were reported on Thursday.
Two Chinese banks do IPO in Hong Kong bourse
Hong Kong bourse recently listed Huishang Bank and Bank of Chongqing. A record HKD9. 21 billion or USD1. 19 billion was raised from its Hong Kong IPO for Huishang Bank after it had fixed the price slightly above the lowest rung in its price range at HKD3.
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A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
After accepting Yue Xiu Group's takeover bid, shares of Chong Hing Bank dropped the most in five weeks.
The current freeze order for domestic IPOs in China forced lender Huishang Bank Corp to list its IPO in Hong Kong's index.
Sources told Bloomberg that Singapore-based Oversea-Chinese Banking Corp was reviewing a bid for Hong Kong-based Wing Hang Bank.
Share trading of Chong Hing Bank and its parent company were suspended temporarily pending confirmation of the sale of the bank to Yue Xie Group.
Aircraft maintenance services provider HAECO expands services portfolio with the acquisition of Timco Aviation Services,Inc.
Leung Chun-ying and the government of Hong Kong would be pressured to maintain its consistent positive economic growth amidst a property bubble at home and changes in foreign economic policies.
People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
