The proposed IPO will help the company raise funds to expand in new markets.
Reasons why asset owners prefer to shift to private equities from public markets
Anil Ambani Group to exit asset management biz, sell shares to Nippon Life
Meituan’s losses narrow; fends off rival Alibaba in food, travel segments
Ride-hailing apps will alter car ownership pattern with new services
Starbucks said to license Thai retail business to Coffee Concepts
Honestbee seeks $14m bridge financing via convertible debt at double-digit interest rates
Temasek unit to raise $598m via private equity bonds
P2P lender Funding Societies said to seek $50m in fresh funding
India: Yes Bank eyes private equity funds to raise confidence capital
Vietnamese vacation rental startup Luxstay bags $4.5m from Korean investors
Home Credit plans to file with the HK stock exchange as early as next month and list in September or October.
The Chinese company raised $112 million after selling 200 million shares at HK$4.39 apiece.
The firm is also willing to consider similar proposals for other troubled group firms to exit insolvency.
Its total adjusted EBITDA losses narrowed to minus $32 million in Q1FY19 compared to minus $144.7 million in Q1FY18.
Xinyi Energy’s offering will become the second biggest first-time share sale in Hong Kong this year.
Slack is the latest tech company looking to go public this year, following the market debuts of Uber, Lyft, Pinterest, and Zoom.
Rest of Asia
The US bank is acting as stabilization agent for Arabian Centres, which may start trading this week.
Its shareholders approved the plan to take the company private and re-list it in mainland China.
OneConnect would join another unit of Ping An - Ping An Good Doctor - in listing in Hong Kong.
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