By Rishav Chatterjee (Reuters) -Bloks Group is looking to raise as much as HK$1.46 billion ($188.01 million) in a Hong Kong initial public offering, as the Chinese toy maker aims to ramp up product development and output while cashing in on the reviving IPO market. Bloks will be selling a total of 24.1 million shares, …
Chinese toy maker Bloks Group files for up to $188 million Hong Kong IPO Read More »
By Hyunjoo Jin and Joyce Lee SEOUL (Reuters) – Samsung Electronics became the largest shareholder of South Korea’s Rainbow Robotics, the robotics company said in a regulatory filing on Tuesday. Samsung, which had previously invested in the robotics company, newly took a 267 billion won ($181 million) stake, the filing said. With the acquisition, Samsung …
Samsung Electronics becomes largest shareholder of South Korea’s Rainbow Robotics Read More »
(Reuters) -Singapore’s DBS Group has appointed Rajat Verma as chief executive officer of DBS Bank India, it said on Monday, to succeed Surojit Shome, who retires at the end of February. Reuters reported in November that Verma had been nominated, pending approval from the Reserve Bank of India that is needed for all appointments of …
By Jihoon Lee and Youn Ah Moon SEOUL (Reuters) -Shares of South Korean budget carrier Jeju Air hit their lowest on record on Monday, after the deadliest air crash in the country killed 179 people. Jeju Air shares traded down 8.5% as of 0312 GMT, after falling as much as 15.7% earlier in the session …
Jeju Air shares plummet to record low after deadly plane crash Read More »
HONG KONG (Reuters) – Property developer Sunac China has so far received sufficient support from holders of seven of its 10 bonds to cut its onshore bond debt by more than half through a restructuring, a source with direct knowledge of the matter said on Monday. The company needs approval from holders of all of …
Sunac China wins more support for restructuring from bondholders, source says Read More »
LONDON (Reuters) – Global property catastrophe reinsurance rates will fall 5% to 15% on Jan. 1 for books of businesses which have not suffered losses, reinsurance broker Guy Carpenter said on Monday, as the market becomes more competitive after years of rate rises. Reinsurers insure the insurers, and have raised prices and excluded some business …
By Kashish Tandon and Sethuraman N R (Reuters) -India’s Adani group is exiting its consumer goods joint venture with Singapore’s Wilmar International in a $2 billion deal as it looks to bolster its infrastructure business. The divestment marks the Indian conglomerate’s first major transaction since the U.S. indictment of its billionaire founder in November and …
(Reuters) – China’s net gold imports via Hong Kong in November more than doubled from October, marking the highest level in seven months, Hong Kong Census and Statistics Department data showed on Monday. The world’s top gold consumer imported a net 33.074 metric tons in November, up 115% from 15.414 tons in October, its highest …
China’s November net gold imports via Hong Kong hit seven-month high Read More »
BEIJING (Reuters) – The Chinese government urged local officials to provide more financial relief or step up one-time allowances to people in need ahead of major holidays over the next month, as China’s economic difficulties are set to extend into 2025. China’s economy has struggled to gather steam this year, mainly due to a protracted …
China urges more aid for people in need as economic woes persist Read More »
(Reuters) – Chinese lender Yibin City Commercial Bank is aiming to raise up to HK$1.87 billion ($240.92 million) in a Hong Kong initial public offering, according to its regulatory filing on Monday. The company will offer 688.4 million H shares as part of its global offering, in a price range of HK$2.59 to HK$2.72 per …
Yibin City Commercial Bank seeks up to $240 million in Hong Kong IPO Read More »
