Tag: finance

* Says it plans to issue up to 17.5 million shares at 44.66 yuan per share to raise up to 781.6 million yuan ($112.49 million) for its Shanghai IPO Source text in Chinese: bit.ly/2ibwUz0 ($1 = 6.9480 Chinese yuan renminbi) (Reporting by Beijing newsroom ... ( read original story ...)

Hunan Sanxiang Bank, backed by China construction equipment billionaire Liang Wengen, opened its doors today in Changsha. Liang’s main holding company Sany Group and a subsidiary of Shanghai-listed Sany Heavy Industry will own a combined 30% stake in the ... ( read original story ...)

The China Securities Regulatory Commission (CSRC) approved eight IPO applications this week, four on the Shanghai Stock Exchange, one on the small and medium enterprise board of the Shenzhen bourse, and three on the Nasdaq-style ChiNext board. They are ... ( read original story ...)

Hong Kong is expected to maintain its top position globally in terms of total funds raised from initial public offerings, while Shanghai will jump to second place in 2016, according to a new report issued by KPMG. Hong Kong is estimated to see companies ... ( read original story ...)

* Says it plans to issue up to 70 million shares at 10.44 yuan per share to raise up to 730.8 million yuan ($105.32 million) for its Shanghai IPO Source text in Chinese: bit.ly/2hJ7XtP ($1 = 6.9390 Chinese yuan renminbi) (Reporting by Beijing newsroom ... ( read original story ...)

Choi said Hong Kong still stood a chance of being one of the top three IPO markets next year, but competition would be stiff. "Shenzhen and Shanghai could be among the top three if their IPO activities were at full throttle," said Choi. "And if various ... ( read original story ...)

* Says online part of Shanghai IPO attracted interest amounting to 1,257.84 times amount on offer Source text in Chinese: bit.ly/2gQk58p (Reporting by Hong Kong newsroom) ( read original story ...)