Hong Kong may have been seeing money flow out as the city's turmoil undermines its reputation as a stable financial centre, but one important source of capital keeps on coming: cash for initial public offerings .[HONG KONG] Hong Kong may have been seeing money flow out as the city's turmoil undermines its reputation as a stable financial centre, but one important source of capital keeps on coming: cash for initial public offerings .
ESR is the second company to resuscitate a flotation since June, when large-scale protests started to affect Hong Kong. Budweiser Brewing Company APAC Ltd completed a US$5 billion offering last month, having shelved its sale in July amid lacklustre demand. The Asian unit of Anheuser-Busch InBev NV almost halved the size of the IPO from a planned US$9.8 billion. The stock has risen 15 per cent since it started trading at the end of September.
A mild recovery in Hong Kong share prices has given companies confidence to venture back, with the benchmark Hang Seng Index climbing about 5 per cent from its August low. And positive post-IPO performances are helping to bolster investor interest. Besides Budweiser, Chinese sportswear retailer Topsports International Holdings Ltd has climbed 15 per cent since raising US$1 billion this month.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Hong Kong announces fresh relief measures of US$255 million to boost economyHONG KONG: Hong Kong Financial Secretary Paul Chan announced on Tuesday (Oct 22) fresh relief measures of HK$2 billion (US$255 million) to support ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong, Taiwan authorities tussle as fate of murder suspect in limboA murder case that led to mass street protests in Hong Kong should be handled independently by Taiwan, where the suspect allegedly committed the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Hong Kong, Taiwan authorities tussle as fate of murder suspect in limboHONG KONG (REUTERS) - A murder case that led to mass street protests in Hong Kong should be handled independently by Taiwan, where the suspect allegedly committed the crime, authorities in the Chinese-ruled city said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China planning to replace Hong Kong leader Carrie Lam with 'interim' chief executive: Financial TimesLONDON (REUTERS) - China is planning to replace Hong Kong's leader Carrie Lam with an 'interim' chief executive, the Financial Times reported, citing people briefed on the deliberations.. Read more at straitstimes.com. arnohb112 BoycottChina StandWithHongKong FightForFreedom
Source: The Straits Times - 🏆 8. / 63 Read more »
Taiwan calls on Hong Kong to facilitate murder suspect's handoverHONG KONG - A Hong Kong man wanted in Taiwan for murder, whose handover caused a rift between the two governments after the suspect offered to surrender himself to the self-ruled island, is due to be released from prison on Wednesday (Oct 23).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Hong Kong shares close with gains[HONG KONG] Hong Kong stocks finished on a positive note Tuesday, tracking gains on Wall Street thanks to growing hopes that China and the US will hammer out the first phase of their trade pact by next month. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »