Business

SoftBank Groups Share Rally Ends After Moodys Downgrade

SoftBank Group Corp’s shares fell 8% in early trade on Thursday, ending a 55% rally in the stock, after Moody’s do... Read more

MicroPort Picks Banks For Hong Kong IPO Of Heart Valve Unit

MicroPort Scientific Corp. has selected Citigroup Inc. and JPMorgan Chase & Co. to arrange a separate listing of it... Read more

Chinas Petroleum Company Heshun Eyes $131m In Shanghai IPO

Changsha-headquartered Hunan Heshun Petroleum Co.,Ltd, plans to bag 928 million yuan ($131 million) in an initial publi... Read more

SoftBank Surges After Unveiling $41b Plan To Reduce Debt

SoftBank Group Corp. unveiled a plan to raise as much as 4.5 trillion yen ($41 billion) to replenish its coffers and sl... Read more

Hong Kong Bourse Welcomes Latest Stock With Virtual Gong

Hong Kong’s stock exchange welcomed its newest stock with a virtual gong-banging ceremony as the Asian financial hub ... Read more

India: Does A Buyback Flurry Point To Bottoming Of Markets?

With the Nifty 500 index falling by nearly 30% in the past two months, an oft-asked question in investors’ minds is ... Read more

Consumer Goods Supplier Li & Fung Gets $930m Take-private Offer

The family that founded the world’s largest supplier of consumer goods, Li & Fung Ltd, is trying to take the comp... Read more

Sequoia-backed Chinese Snack Maker Ganyuan Gets Nod For $135m Local IPO

Ganyuan Foods, a Chinese snack food producer backed by Sequoia Capital China, has received a green light from the count... Read more

Why Road To Listing Is Longer And Arduous For Indonesias Tech Unicorns

Indonesian unicorns stare at a major dilemma when it comes to making a stock market debut. And, this is notwithstanding... Read more

Unfazed By COVID-19, Chinese Phone Maker UTime Files For $21.6m US IPO

UTime, a Shenzhen-based manufacturer of low-cost mobile devices, has filed to raise up to $21.6 million in an initial p... Read more

SoftBank Plunges 17% In Steepest Drop Since IPO In 1994

SoftBank Group Corp. plunged 17% Thursday on top of steep declines earlier this month, as investors grow concerned abou... Read more

Thai Life Seeks Bank Pitches For $700m IPO Plan

Thai Life Insurance Pcl has requested pitches from banks for an initial public offering that could raise as much as $70... Read more

Chinese Mining Firm Anning Refiles For Shenzhen IPO, Seeks To Raise $158m

Chinese iron ore mining company Sichuan Anning Iron and Titanium Co., Ltd has refiled for its initial public offering (... Read more

Chinas Tencent Profit Disappointment Spurs Caution Around Pandemic

Tencent Holdings Ltd. delivered disappointing earnings and warned about a difficult advertising environment in 2020, vo... Read more

HKEX Chief Says Committed To Keeping Markets Running Despite COVID-19 Turmoil

The Hong Kong bourse operator is “committed to keeping our markets fully operational”, Charles Li, chief executive ... Read more