Coming just a few weeks after Vipshop's dismal debut, China Auto Rental decides to cap the size of its Nasdaq IPO by selling only 14.9% of the share capital.
Central China Real Estate offers the first double-digit yield on a bond in the Singapore dollar market, while Ascendas sells a S$300 million perpetual and Hutchison Whampoa meets Singapore investors.
Taiwan's China Development Financial Holdings offers $1.8 billion to take over KGI Securities with the aim of merging it with its own brokerage unit Grand Cathay Securities.
China's banks continue to earn bigger profits even as the economy slows, but the country's banking regulator is now promising to take tough measures against banks that charge excessive advisory fees.
The sale, which accounts for less than 20% of their combined stake, comes about four months after a lock-up expiry and as the Samsonite stock breaks above the IPO price.
Rodney Ward will join Bank of America Merrill Lynch as chairman of Asia-Pacific global corporate and investment banking.
The Chinese lender will tap both its A- and H-shareholders as it joins a long line of Chinese banks that are selling shares to boost their capital ratios.
More Headlines
- East West Banking launches Philippine IPO of up to $135 million
- Investors look to Singapore for positive trading signals
- European companies to tap Asian private banks
- Sandy Flockhart retires from HSBC
- ANZ poaches Standard Chartered's Carr to head global sales
- China's missed opportunity to lead world dialogue
- Posco sells shares in three Korean companies to raise $514 million
Latest Photo Galleries
 Hong Kong Rugby Sevens 2012(16 images) |  Photos from the 2011 awards dinner Australia and NZ(33 images) |  FinanceAsia end-of-year cocktails(51 images) |
 Top 20 Women in Finance(17 images) |  Asian Commodities Investment Summit 2011(43 images) |  Structured Products Awards 2011(14 images) |
CONFERENCES
- Inaugural India Investment Summit The Inaugural India Investment Summit examines unique insights into Asia’s other giant: India. This one-day summit will focus on investment ...
- Inaugural Corporate Treasury & CFO Summit - China Join us at the Inaugural Corporate Treasury & CFO Summit – China taking place on 26 June in Shanghai to examine upcoming growth opportunitie...
- Inaugural Compliance Summit Asia The inaugural Compliance Summit Asia will share the latest knowledge and best practice to ensure that your organization doesn’t fall foul of ...
- 3rd Annual Russia & CIS Investment Summit The 3rd Annual Russia & CIS Investment Summit examines the trade and investment opportunities for Asian investors, across all asset classes, in a ...
- 4th Annual Corporate Treasury & CFO Summit - Philippines The 4th Annual Corporate Treasury & CFO Summit – The Philippines on 23 August at the Makati Shangri-La Hotel in Manila will examine upcoming ...
MOST READ
In the Spotlight
Our annual take on the best bank boxes at the Hong Kong Rugby Sevens tournament.
The mystique that Goldman Sachs has cultivated continues to fade, revealing an unexceptional substance that is shared by its rivals.
Deutsche Bank’s CEO of Asia-Pacific, Rob Rankin, has been appointed co-head of corporate banking and securities and head of corporate finance based in London. Loh Boon Chye plans to leave the bank.
London and New York watch out. Singapore and Hong Kong are hot on your tails to become the most competitive cities in the world.
Jobs
- Commercial IM Manager
Singapore - Senior Accountant
Singapore - Legal Counsel
Singapore - Asia Head of Graduate Recruitment
Singapore - HEAD OF MIDDLE OFFICE, TREASURY
Hong Kong SAR
Powered by
Polls
What will be the key impact on Hong Kong from the election of CY Leung as new chief executive?
LATEST FROM AsianInvestor
WEBCASTS
Tables
Magazine
No comments:
Post a Comment