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UNBELIEVABLE: Hong kong stock exchange | History Defined

China Evergrande Group Says To Delist From Hong Kong

Embattled property giant China Evergrande Group said Tuesday it will delist from Hong Kong Stock Exchange as a heavier-than-expected debt burden weighed on its liquidation process.

International Business Times

Birmingham City takeover stalls despite several meetings with club's owners

A consortium is attempting to put together a framework that will satisfy Birmingham's current Chinese owners but there are problems relating to the Hong Kong Stock Exchange

Daily Mirror

Newly profitable Kanzhun Steps Aboard Hong Kong's Dual Listing Train

Key Takeaways: Having finally turned a profit, Kanzhun has filed for a dual primary listing on the Hong Kong Stock Exchange to insure against its shares being pulled from New York

Benzinga

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Falling IPO Star: Hong Kong Tipped to Lose Top-Three Ranking Again

Key Takeaways: As of the third quarter of this year, the world’s top three IPO capital raisers were the Shanghai Stock Exchange, the Shenzhen Stock Exchange and the Korea Exchange, with Hong Kong lagging in fourth place

Benzinga

AIM Vaccine Shrinks Its IPO But Gives Chairman a Mega Paycheck

Key Takeaways: AIM Vaccine is finally landing on the Hong Kong Stock Exchange at its third attempt, but has only issued 0.8% of its total share capital, raising a net HK$70 million The company issued equity incentives worth a whopping 900 million yuan to its chairman before going public, and…

Benzinga

Hony Capital Switches SPAC IPO Focus from U.S. to Hong Kong

Key Takeaways: Everest Acquisition Corporation, a SPAC co-funded by Hony Capital and ABCI Capital, applied to list in Hong Kong with the aim of acquiring companies in the healthcare, consumer goods and green sectors

Benzinga

Fosun International Sells Assets as Short-Term Cash Crunch Looms

Key Takeaways: Fosun has sold down its stake in New China Life, its latest move to raise cash as it faces large debt maturing in the next 12 months The company is also selling down stakes in its Fosun Tourism unit, owner of the Club Med resort chain, and appears…

Benzinga

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Lifted by Southeast Asia Growth, Insurer FWD Seeks IPO Safe Landing

Key Takeaways: FWD has switched its focus from opportunities in China to the growth potential in Southeast Asia as its main IPO selling point for investors

Benzinga

Hong Kong SPAC Market Wilts as Global Fever Ebbs

Key Takeaways: Only three Hong Kong SPACs have listed since the city launched a local program early this year, and all now trade below their listing prices U.S. SPACs have raised $12.5 billion so far this year, less than 10% of what they raised in 2021, as the global SPAC…

Benzinga

U.S.-China Audit Deal Won't Slow Hong Kong Dual Listing Train, Analysts Say

Key Takeaways: Despite a landmark U.S.-China information-sharing agreement, some predict dual listings in New York and Hong Kong will remain the preferred choice for Chinese stocks UBS estimates Hong Kong Stock Exchange trading volume could rise up to 25% if all U.S.-traded Chinese stocks delist from New York and move…

Benzinga

Benzinga Before The Bell: Tesla's China Sales Plunge, Snap Rolls Out Parental Control Features, White House Unaware of Raid On Trump's Mar-a-Lago And Other Top Financial Stories Tuesday, August 9

CNBC

Benzinga

Alibaba Eyes Hong Kong Primary Listing as Hedge to U.S. Delisting Threat

Key Takeaways: Alibaba said it expects the upgrade of its secondary Hong Kong listing to primary listing status to be complete by the end of 2022 The SEC has placed Alibaba on a list of Chinese firms facing potential delisting as the deadline nears for U.S.-listed Chinese firms to comply…

Benzinga

3D Medicines Bleeds Red Ink As It Struggles to Swim in 'Red Ocean'

Key Takeaways: 3D Medicines competes for a share in an already hotly contested and very small market, potentially dimming its appeal to investors

Benzinga

Wealth Manager Noah Banks on Hong Kong to Revive Fortunes

Key Takeaways: Noah Holdings was approved for a secondary listing in Hong Kong, offsetting the risk of its shares being ousted from New York The company posted record profits last year from a super-rich client base, but revenues and profits fell more than 30% in the first quarter in a…

Benzinga

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Benzinga

Is Koolearn's Stock Surge on Boom in Livestreaming Business Just a Blip?

Key Takeaways: The company’s unique bilingual sales pitches by its anchors have drawn millions to the platform, which topped livestream e-commerce rankings for days

Benzinga

Zhihu Registers 55% Revenue Growth In Q1 Despite COVID Resurgence, Macro Uncertainties

Zhihu Inc (NYSE:ZH) reported first-quarter FY22 revenue growth of 55.4% year-on-year to $117.2 million, beating the consensus of $107.3 million. Segments: Zhihu's Advertising revenue increased 1.7% Y/Y to $34.3 million. Paid membership revenue expanded 75.1% Y/Y to $35 million. Content-commerce solutions revenue rose 87.7% Y/Y to $35.8 million. Drivers: Average monthly active users (MAUs) grew…

Benzinga

Leading Chinese Smartphone Invites Regulatory Scrutiny In India, Shares Drop In Hong Kong

Xiaomi Corp (OTC:XIACY) (OTC:XIACF) shares lost steam in Hong Kong after India’s Enforcement Directorate alleged the second-largest smartphone vendor of “illegal remittances” and seized ~$730 million, the Financial Times reports. India’s anti-money laundering and foreign exchange crime division alleged Xiaomi’s Indian subsidiary of sending $55.51 billion ($725 million) of foreign currency payments…

Benzinga

Kingsoft Cloud's Q4 Top-Line Beats Street View, Explores Dual Listing In Hong Kong

Kingsoft Cloud Holdings Ltd (NASDAQ:KC) reported fourth-quarter FY21 revenue growth of 38.3% year-on-year to $417.4 million, beating the consensus of $408.2 million. Revenues from public cloud services rose 12.4% Y/Y to $240.2 million, and enterprise cloud services increased 110.6% Y/Y to $177.1 million. EPS loss was $(0.02). Net loss was $(75.7) million, and non-GAAP…

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Benzinga

Read Why Bilibili Shares Are Soaring In Premarket

Bilibili Inc's (NASDAQ:BILI) board approved the company to pursue the voluntary conversion to dual-primary listing on the Hong Kong Stock Exchange. Bilibili would continue to trade on both the HKSE and Nasdaq. Recently, JPMorgan analyst Alex Yao downgraded Bilibili to Underweight from Overweight with a $15 price target (20.5% downside). JPMorgan downgraded the Chinese tech sector, including Alibaba Group Holding…

Benzinga

Kingsoft Cloud Weighs Dual Listing In Hong Kong As China's Geopolitical, Regulatory Risks Trigger Industry-Wide Selloff

China's leading cloud service provider Kingsoft Cloud Holdings Ltd (NASDAQ:KC), weighed a dual listing of its shares on the Hong Kong Stock Exchange. Analyst Rating: JPMorgan analyst Alex Yao downgraded Kingsoft to Underweight from Neutral with a price target of $3.50, down from $8 (17.7% upside). Yao found the China internet sector is unattractive on a 6-12…

Benzinga

Nio Bounces Off Bottom Ahead Of Thursday's Hong Kong Listing: What Investors Should Know

Nio, Inc. (NASDAQ: NIO) shares, which fell to their lowest level in 1-1/2 years on Tuesday, are rebounding from the depressed level. In addition to the broader market strength, the stock is receiving support from the optimism around its planned debut on the Hong Kong stock exchange on Thursday.

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