Investor Relations

Updated share price information on listed securities
  1. China Bohai Bank, a mid-sized lender part-owned by Standard Chartered, has picked lead banks for a planned Hong Kong initial public offering that could raise more than US$2 billion, according to people familiar with the matter.The Tianjin-based lender is working with ABC International Holdings, CCB International (Holdings), CLSA and Haitong International Securities Group on the share sale, said the people, asking not to be identified because the matter is private. The bank will probably list in…
  2. The US$6 trillion global education market is full of investment opportunities because the industry’s low rate of digitalisation makes it ripe for disruption, while a shortage of academic resources create potential for growth, said Credit Suisse. “Education is one of the few sectors which has been very traditional, which means it is currently at a very low level of digital disruption, much more so than other industries,” said Credit Suisse’s Kirill Pyshkin, who manages a thematic fund of more…
  3. Shares of China Agri-Industries Holdings surged as much as 28.7 per cent, the highest in 31 months, after state-owned parent Cofco (Hong Kong) launched a HK$8.9 billion (US$1.1 billion) bid to take the company private as it looks to pursue a flexible development strategy.Cofco (HK), tasked with enhancing the nation’s food security, has offered to buy the shares it does not already own for HK$4.25 each in cash, a 34 per cent premium to the last traded price before trading was halted on Monday…
  4. What’s poised to be China’s biggest listing since 2015 faces a headwind: investors are losing interest in mainland stocks.State-owned lender Postal Savings Bank of China is looking to raise around 28.4 billion yuan (US$4 billion) in what would be the largest onshore share sale since 2015. It follows a flurry of initial public offerings that have faded quickly, amid slumping trading activity and a steady decline in new stock accounts that signals a lack of exuberance in China’s market.It…
  5. The world’s largest investment funds – controlling a mammoth US$37 trillion in assets – are failing to bring their portfolios in line with the Paris climate goals, new analysis showed on Wednesday.The funds control portfolios containing a fifth of the total value of world capital markets, yet their investments in sectors such as cars and coal puts them “significantly at odds” with the Paris aim of limiting global warming to well below 2 degrees Celsius (3.6 Fahrenheit), the Britain-based think…
  6. Home Credit, a consumer finance lender that counts China as its biggest market, has shelved plans for a US$1 billion initial public offering in Hong Kong.The Prague-based company filed to go public in July a few weeks after one of the worst political crises in Hong Kong’s history got under way, with anti-government protests and escalating unrest weighing on the city’s economy.Several companies, including Budweiser Brewing Company APAC and logistics real-estate developer ESR Cayman, postponed…
  7. From property and aviation giant Swire Pacific to the owner of the Hong Kong Economic Times newspaper, companies are warning the months-long unrest that has gripped Hong Kong in its worst ever political crisis has weighed heavily on their bottom lines in the third quarter and could cut into their results for the year.The city’s economy fell into a technical recession in the third quarter after more than five months of street protests that have been marked by increasingly violent confrontations…
  8. Saudi Arabia put a preliminary valuation on its state-owned oil giant Aramco of between US$1.6 trillion and US$1.71 trillion, short of the US$2 trillion target set by Crown Prince Mohammed bin Salman in 2016.Aramco is seeking as much as US$25.6 billion by selling a 1.5 per cent stake. The company would raise US$24 billion if the deal prices at the lower end – just shy of the US$25 billion raised by Alibaba Group Holding – currently the world’s largest IPO. (Alibaba is the parent company of the…
  9. Saudi state oil giant Aramco will sell 0.5 per cent of its shares to individual retail investors and the government will have a lock-up period of a year on further share sales after the initial public offering, its prospectus said on Saturday.The more than 600-page prospectus did not include details of how much of the company would be floated in total or of any commitments from anchor investors.Sources have said the company could sell 1-2 per cent on the Saudi stock market in what could be the…
  10. WeWork has secured a US$9.5 billion rescue package from SoftBank Group, a deal that hands 80 per cent of the company to the Japanese conglomerate while capping one of the more dramatic business debacles in recent memory.The transaction announced in Tokyo on Wednesday marks the end of an era for the troubled co-working giant, which raised money at a US$47 billion valuation in January, pulled out of a botched initial public offering attempt last month and is now valued at less than US$8 billion…