China-founded fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice of companies making public filings of IPO documents, three sources with knowledge of the matter said. Shein aims to submit the filing confidentially as soon as this week, one of the…
Hong Kong’s residential property segment is on the verge of a turnaround that could last between four and five years, with home prices likely to rise starting in the second half of the year, according to Morgan Stanley. The US investment bank said the first half of the year would end with prices down 2…
Chery Automobile, China’s second-largest automobile maker by volume, is aiming to complete its initial public offering (IPO) in Hong Kong in the third quarter of this year, said its chairman. The company, based in Wuhu city in eastern China’s Anhui province, has filed its intention to list on the Hong Kong stock exchange and use…
Foshan Haitian Flavouring and Food Company, the largest listed condiment producer in mainland China, is seeking to raise up to HK$9.56 billion (US$1.22 billion) in Hong Kong, marking one of the city’s largest initial public offerings (IPOs) this year and giving a boost to its status as a world-leading fundraising hub. The company is offering…
May 5, 2025 IPO applications at the Hong Kong stock exchange have surged, with filings in the first four months of the year increasing by 29% compared to the previous year, according to a report from the South China Morning Post. The exchange has seen 112 companies submit applications to list on its main board,…
HONG KONG (Reuters) -Ant Group, an affiliate of China’s e-commerce giant Alibaba Group plans to list its overseas arm, Ant International, on the Hong Kong stock exchange, Chinese media reported, citing unnamed sources. Caixin, citing people close to the company, reported that Ant was communicating with regulators about the potential listing. The report did not…
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…