Two of this year’s biggest IPOs are both in the headlines, kicking off what’s likely to become a steady flow of news surrounding upcoming listings for e-commerce leader Alibaba and Citic Group, one of China’s oldest and most successful conglomerates. Citic is the more interesting in this latest pair of news bits, since this is the first time we’ve heard about the group’s plans to go public via a backdoor offering through its Hong Kong-listed Citic Pacific (HKEx: 267) unit. Meantime, media are reporting that investment banks are so eager to underwrite Alibaba’s IPO that they’re offering to accept record low fees for their services. Read Full Post…
In an unusual day for overseas traded Chinese firms, we’re getting interesting listing news bits from 3 of the world’s top financial markets, with companies making headlines in New York, London and Hong Kong. In New York, we’re hearing that unappreciated online game operator Perfect World (Nasdaq: PWRD) may be considering a privatization bid; in Hong Kong, Cinda, a manager of non-performing state-run assets, is getting a strong reception in the run-up to its large IPO; and last but not least, visiting British Prime Minister David Cameron has made a person appeal to e-commerce giant Alibaba to make its highly anticipated IPO in London. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 28. To view a full article or story, click on the link next to the headline.
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Regulator To Issue 4G Mobile Licenses On November 28 – Source (Chinese article)
Chinese Bad Loan Manager Cinda Sits On Its Own Debt Mountain (English article)
Giant Interactive (NYSE: GA) Buyout May Not Be in Shareholders’ Interests – Law Firm (PRNewswire)
The following press releases and media reports about Chinese companies were carried on November 23. To view a full article or story, click on the link next to the headline.
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Alibaba Gives Away 7 Mln Cellphones In Assault On Wireless Space (Chinese article)
China’s Cinda to raise up to $2.5 billion in Hong Kong IPO (English article)
The following press releases and media reports about Chinese companies were carried on November 9-11. To view a full article or story, click on the link next to the headline.
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Cinda Hong Kong IPO To Test Investor Appetite For China’s Bad Debt (English article)
Microsoft (Nasdaq: MSFT) to Take Over China Skype Operation From Tom (English article)
500.com Sets IPO Price Range At $9-$11 per ADS (Chinese article)
Holder Of Tesla (Nasdaq: TSLA) Name In China Wants $30 Mln For Trademark (Chinese article)
Vancl Raises Another $100 Mln In Quest To Regain Lost Glory (Chinese article)
The following press releases and media reports about Chinese companies were carried on March 17-19. To view a full article or story, click on the link next to the headline.
