The deal had the imprint of a Hong Kong billionaire nicknamed “Superman” for his empire building. One of the tycoon’s companies, which for years has run two ports on the Panama Canal, had been thrust into a broader showdown between China and the United States. So the billionaire, Li Ka-shing, got out of the firing…
Sun Hung Kai Properties (SHKP), Hong Kong’s biggest developer by market value, said interim profit fell by almost a fifth as the city’s market slump eroded the value of its investment properties. Net profit dropped 18 per cent from a year earlier to HK$7.5 billion (US$967.7 million) in the six months ended December 31, it…
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China’s largest fresh-drink company Mixue Group aims to raise HK$3.45 billion (US$444 million) in a Hong Kong initial public offering (IPO) to expand its business amid heightened competition. The company plans to sell 17.1 million shares at HK$202.50 each, according to a filing with the Hong Kong stock exchange on Friday. The stock is expected…
Hong Kong will adopt reforms to capitalise on emerging trade corridors while strengthening its financial markets to be the gateway connecting China and the world, according to the city’s treasury and central bank chiefs. Secretary for Financial Services and the Treasury Christopher Hui Ching-yu told a conference in Hong Kong on Monday that the city…
HONG KONG, Feb. 13, 2025 /PRNewswire/ — Regal Hotels International is leveraging its extensive hotel network to launch the exclusive “Long-stay Accommodation Programme” for Hospital Authority (HA) staff. In response to the increasing demand for public healthcare services, the HA has been proactively recruiting both locally and non-locally trained healthcare professionals. Recognising the accommodation needs…
Chinese bubble tea maker Mixue Group plans to raise about US$500 million from its Hong Kong initial public offering (IPO) after peer Guming Holdings completed a US$232 million upsized share sale in the city. Mixue, China’s largest freshly made drinks firm, would begin book-building by the end of this month and list on the Hong…
BEIJING (Reuters) – China’s Alibaba Group Holding Ltd said on Wednesday it had agreed to sell its majority stake in hypermarket chain Sun Art Retail Group to Chinese private equity firm DCP Capital for HK$12.298 billion ($1.58 billion). The 78.7% share represents holdings held by Alibaba subsidiaries, according to a filing to the Hong Kong…
Sarah Tong, co-founder and CEO, Big Bang Academy: For transforming STEM education and inspiring young girls and women to lead in science “Because of what I do, I am in two of the fields where women are still under-represented: in STEM and in entrepreneurship. Globally, women make up over half of all students who have…
Embattled Hong Kong developer New World Development (NWD) said Thursday night that it will continue to prioritise real estate development as its core business this year and proceed with project launches, amid market rumours that the company is at risk of a default. Residential sales in Hong Kong continue to improve, and the company will…