Investor Relations

Updated share price information on listed securities
  1. Hong Kong’s leader, Carrie Lam Cheng Yuet-ngor, blamed for a policy misstep that sparked the city’s worst political crisis in decades, will find love in the Year of the Rat, according to investment bank CLSA’s satirical annual Feng Shui Index. “Chief Executive Carrie Lam is born in the Year of the Rooster, so we foresee that she will have good luck in love. Love is in the air for roosters,” said Jamie Chan, an analyst who helped to compile the index. The index, which takes a tongue-in-cheek…
  2. ZTE Corp plans to raise 11.5 billion yuan (US$1.7 billion) from a private placement of A shares for working capital as well as 5G network research and development (R&D), as Chinese carriers pin high hopes on mass adoption of the next-generation wireless technology.The Shenzhen-based company is set to issue 381,098,968 A shares to 10 independent third-party investors, it said in a statement released on the Shenzhen Stock Exchange without disclosing the identities of the investors. Upon…
  3. Sparkle Roll Group, the Hong Kong-listed distributor of Lamborghini, Rolls-Royce and Bentley cars in mainland China, is developing a presence for high-end luxury Danish consumer electronics company Bang and Olufsen (B&O) as part of a new strategy to capitalise on the country’s improving living standards and spending habits.It currently holds a 12.79 per cent stake in B&O, having acquired 6.5 million of its shares in late 2016. The Danish company was the largest contributor to Sparkle Roll’s…
  4. Chinese internet stocks and smartphone makers are likely to be among a few winners in 2020, providing shelter to investors amid lingering political risks in Asia, US and Europe, according to Citibank. Bonds and real estate are seen as better bets by JPMorgan Asset Management.Despite an impending agreement to the “first phase deal” in the trade war, global political uncertainty and anti-government protests are likely to continue weighing on investor sentiment for much of 2020, said Wong Pak-ling…
  5. Hong Kong is getting another thumbs-up as a centre for growth capital as more mainland companies seek stock exchange listings in the city despite lingering concerns about social unrest in the new year. Activation Group Holdings, which organises events and exhibitions for luxury brands like Chanel, Louis Vuitton and Mercedes-Benz in mainland market, is aiming to raise HK$538.2 million from an initial public offering in January to help fund its expansion. The Shanghai-based company, which also…
  6. The Church of England has started a review into whether its holdings in big tech firms are compatible with Christian faith.The Ethical Investment Advisory Group plans to conduct the review over the next 12 months, addressing the issues including robotics and artificial intelligence, a spokesman for the church said by phone on Sunday.The news was reported earlier by The Telegraph. It said that ethics specialists and theologians would help determine whether the Church of England’s multibillion…
  7. Tencent Holdings has turned to Singapore’s state investor GIC and other sovereign funds to help rescue a deal to buy a stake in Vivendi’s Universal Music after major buyout funds quit the negotiating table, sources said.Vivendi, controlled by billionaire Vincent Bollore, had initially revealed talks with Tencent in August to sell part of Universal Music Group (UMG), the music label of artists such as Lady Gaga, the Beatles, Taylor Swift, Drake and Kendrick Lamar.Bollore is seeking to cash in on…
  8. Saudi Aramco topped the USS$2 trillion target sought by Saudi Crown Prince Mohammed bin Salman on Thursday as its shares clocked up a second day of gains, defying some scepticism about the state-owned oil firm’s long-term value.The prince has made Aramco’s initial public offering (IPO) the centrepiece of his vision of diversifying the kingdom’s economy away from its dependence on oil by using the US$25.6 billion raised to develop other sectors.But that is well below his plan in 2016 to raise as…
  9. Hong Kong’s initial public offering market, the biggest for capital raising globally this year, is expected to “stay competitive” in 2020 as more Chinese technology companies and international firms are expected to list on the city’s bourse, according to accounting giant KPMG.KPMG is forecasting as many as 160 new listings will raise about HK$300 billion (US$38.4 billion) next year, in line with this year’s figures. This year’s listings were led by mega offerings from Chinese e-commerce giant…
  10. After Alibaba Group Holding’s US$12.9 billion offering in Hong Kong last month, investors are on the lookout for who will be the next Chinese technology giant to seek a similar windfall in the city.Some of China’s biggest new economy names, including Baidu, JD.com and Weibo, are among a small universe of companies who previously raised capital in the United States and could easily pursue their own secondary listing in Hong Kong thanks to a rule change by the city’s bourse two years ago.The…