Hong Kong

China Everbright Bank raises $2.6B in Hong Kong IPO

Chinese lender China Everbright Co raised $2.6 billion in its third attempt at a Hong Kong initial public offering (IPO) of 5.08 billion shares priced at HK$3.98 apiece.

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RRJ takes China Everbright International stake for $350M

Hong Kong-based private equity fund RRJ Capital Ltd bought a 7.85% stake in renewable power developer China Everbright International Ltd in a deal valued at $350 million.

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Hong Kong's Gaw Capital eyes USD1-billion overseas acquisitions

Hong Kong-based private equity firm Gaw Capital Partners is set to purchase minority stakes in four commercial property acquisitions in the UK and the US, in a deal with a total value of USD1 billion.

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Russian educational content platform BeSmart.net scores USD4 million from Education Matrix

Russia-based platform for publishing and viewing educational content BeSmart.net will receive USD4 million in total investment over the next three years from Hong Kong's Education Matrix.

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Hong Kong's HK$100B offshore investment proposal could take a long time for approval

Bankers and brokers believe that QDII3, a HKD100 billion investment scheme in Shenzen's Qianhai economic zone designed to allow offshore investment in Hong Kong, could take a long time before Beijing approves it.

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Hong Kong billionaire Li Ka-shing prepares for Watson IPO

Just months after pulling out of a planned multi-billion dollar sale of his grocery chain, Hong Kong billionaire Li Ka-shing has started the process for Waston's initial public offering. The global retail business is set to float next year.

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Christie’s Hong Kong Auction posts record USD493 million due to Asian investors

The auction frenzy seen in Hong Kong's latest auctions by Christie's International Plc was not caught on in London, wherein seven of the 24 lots put up for sale did not attract bidders.

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China's Shuanghui to fight for control over Campofrio

Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.

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Hong Kong government advisory body suggests change in law to attract private equity funds

Florence Yip Chiu Kwai-fong, a member of the Financial Services Development Council, said the Hong Kong government needs to make changes in the law that will allow private equity funds to be set up as limited partnerships to enhance the city's fund industry.

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Taiwan's TCC International receives USD721 million buyout bid from parent company

TCC International Holdings Ltd said it received a buyout offer amounting to HKD5.59 billion (USD721 million) from its parent company, Taiwan Cement Corp, which owns 56.5% of TCC.

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US ranks 31st in Internet speed list, nationwide Google Fiber network to cost USD11 billion

According to Speedtest.net, 30 countries including Moldova and Uruguay have faster Internet than the United States. Google Inc. has began building its fiber network in Kansas. A nationwide Google Fiber rollout, however, may cost USD1 billion.

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Malaysian tycoon Vincent Tan mulls over MOL Global IPO

Billionaire and Friendster Inc. owner Vincent Tan is reportedly looking to list his online payments company MOL Global Pte., and has been eyeing a dual listing in the Kuala Lumpur Stock Exchange and either in Hong Kong or Singapore.

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Indian Angel Network eyes investment opportunities in UK, Singapore

The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.

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Department of Energy to lose USD139 million on Fisker loan

The Department of Energy will lose about USD139 million on a loan given to Fisker Automotive under a clean vehicles program after the automaker sold part of the loan to Hybrid Technology.

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Glorious Property gets USD589 million bid from founder

Billionaire Zhang Zhirong offered USD589 million to take Glorious Property Holdings Ltd private, a move is seen as an effort to save a troubled shipbuilder that he founded.

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