Hong Kong Stock Exchange (HKSE)

CNMC Goldmine's dual listing plans rejected by Hong Kong Stock Exchange
SINGAPORE (Dec 24): CNMC Goldmine Holdings says plans for a dual primary listing in Hong Kong has been rejected by the Mainboard of the Hong Kong Stock Exchange (HKSE).   This comes after the group’s application was reviewed by the exchange’s listing committee and ultimately, deemed unsuitable as CNMC’s market capitalisation failed to meet the requisite minimum of sum of HK$500 ...
The world's top IPO venue for 2018 sees worst returns in decade
(Dec 19): Hong Kong is host to the world’s busiest venue for initial public offerings this year. And the worst losses in a decade. A boom in technology listings has propelled local deal value to US$35.7 billion ($49.1 billion), ahead of the New York Stock Exchange, according to data compiled by Bloomberg. Yet companies that raised at least US$100 million dropped 6.2% in their first month of ...
Is Xiaomi's IPO worth a punt?
SINGAPORE (June 25): Xiaomi Corp has planned its initial public offering (IPO) since last year and in Dec 2017, it was reported that the group was seeking a valuation of about US$50 billion ($67.4 billion). See: Xiaomi seeks valuation of at least US$50 bil in IPO This has since changed and now the group plans to raise around US$6 billion at HK$17-22 per share, still making it the ...
Will Serial System's HK spinoff give it the valuation it seeks?
SINGAPORE (June 22): Electronic parts distributor Serial System is set to spin off its Hong Kong subsidiary, Serial Microelectronics (HK), in a listing on the Stock Exchange of Hong Kong.  The listing, which was approved at an extraordinary general meeting on April 6, will cut Serial System’s stake from 91% to 68.25%.  Serial System estimates that the subsidiary, which ...
LHN raises HK$79.8 mil in dual-listing on Hong Kong Stock Exchange
SINGAPORE (Dec 28): Real estate management services group LHN has raised HK$79.8 million ($13.7 million) in total gross proceeds from its public offering of shares on the Hong Kong Stock Exchange. LHN offered a total of 42.0 million new shares at HK$1.90 each. Upon completion, the offer shares represent approximately 10.4% of the enlarged share capital of the company. The group says it ...
ISDN Holdings enters strategic partnership with Hong Kong-listed solar manufacturer
SINGAPORE (May 25): Integrated engineering solutions provider ISDN Holdings has entered into a strategic cooperation framework agreement with Comtec Solar Systems Group, a solar energy player listed on the Hong Kong Stock Exchange (HKSE).   ISDN is listed on both the Mainboard of the Singapore Exchange (SGX) as well as the HKSE. The group’s core business is in motion control and ...
A 9,800% stock increase exposes Hong Kong's billionaires on paper
HONG KONG (April 18): They are classic Hong Kong stories: people who, in a blink, became stock-market billionaires. But exactly what’s behind much of this wealth is something of a mystery. Take Wong Wing-wah, who used to be a fishmonger before starting a civil engineering firm. He took his company public last year -- and its stock then soared 9,800%. Wong and a partner, who together own ...
ISDN Holdings receives SGX clearance for proposed dual listing
SINGAPORE (Nov 21): Singapore Exchange (SGX) Mainboard-listed ISDN Holdings says SGX, in a letter dated 18 Nov, advised it has “no comment” on the group’s draft circular in respect of ISDN’s proposed dual primary listing of its shares on the main board of the Hong Kong Stock Exchange (HKSE). This includes ISDN’s proposed grant of award to controlling shareholder Teo Cher Koon as well ...
No more negative surprises from Sino Grandness
SINGAPORE (Aug 11): Sino Grandness Food Industry Group is worth considering at its current price of 54.5 cents as the stock is still trading at “unchallenging levels” in NRA Capital’s view. To recap, shares of Sino Grandness plunged 30.5% on June 6 to just 42 cents after an online article in China listed 310 food and beverage products that were recently inspected by Hubei authorities. In ...