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Hong Kong Stock Exchange

All articles tagged with #hong kong stock exchange

business4 months ago

Evergrande's Hong Kong Delisting Marks a Turning Point in China's Property Crisis

Shares of China Evergrande, once a leading real estate developer, were delisted from the Hong Kong Stock Exchange following court-ordered liquidation due to its failure to provide a viable debt restructuring plan. The company, heavily burdened with over $340 billion in debt, played a significant role in China's ongoing property market downturn, which has impacted the broader economy and led to construction suspensions and falling home prices. Despite efforts by Chinese authorities to stabilize the market, Evergrande's collapse highlights the deepening crisis in China's real estate sector.

via NPR|
#business#china-property-crisis#debt
business1 year ago

Alibaba Shares Drop Amid $4.5B Convertible Bond Offering

Alibaba's Hong Kong-listed shares dropped over 5% following reports of a potential $5 billion convertible bond sale, later confirmed at $4.5 billion. The proceeds will be used to repurchase American depositary shares. This move follows a challenging year for Alibaba, marked by a significant profit decline and corporate restructuring. The company aims to boost its core e-commerce sector and expand in AI and cloud services.

via CNBC|
#alibaba#business#chinese-economy
business-and-finance2 years ago

"Evergrande's EV Share Sale Agreements with Global Partners Lapse"

The planned share sale agreement between China Evergrande New Energy Vehicle Group and U.S.-listed NWTN has fallen through as the parties did not extend the long stop date. The deal, initially announced in August, involved Evergrande's EV arm issuing 6.18 billion new shares to NWTN for HK$3.89 billion. With the lapse of the agreement, the intended share and loan conversion subscriptions are no longer valid.

via Reuters|
#business-and-finance#china-evergrande#ev-industry
business2 years ago

Alibaba's Cainiao Logistics Unit Set for Hong Kong IPO

Chinese e-commerce giant Alibaba plans to list its logistics unit Cainiao on the Hong Kong Stock Exchange, as part of a larger restructuring effort. Alibaba will retain over 50% of the shares in Cainiao after the spinoff. This move marks the first official filing for an IPO among the six business units that Alibaba plans to separate. Details regarding share pricing and the listing date are yet to be disclosed.

via CNBC|
#alibaba#business#cainiao
business2 years ago

JD.com to Spin Off Industrial and Property Units in $1 Billion Hong Kong IPOs

JD.com plans to spin off its property and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion each. The company will continue to hold a stake of more than 50% in the units, JD Industrials and JD Property, upon completion of the proposed spin-off. The size and structure of the units' initial public offerings have not yet been finalised.

via Reuters|
#business#hong-kong-stock-exchange#ipo