The last few days have seen much written about the proposed sale of Park n Shop by Li Ka-shing’s Hutchison Whampoa. But the idea of selling off one of its lower margin businesses is not new: I had already flagged this in a January 2011 column, published in Dow Jones Investment Banker and on WSJ.com, the website of the Wall Street Journal. read
Bloomberg published this morning an interesting article on Chinese State-owned enterprises replacing tycoons and institutions as cornerstone investors in the nation’s IPOs. read
I was back in CNBC’s Hong Kong studio this morning for live interviews with anchors Emily Chan and Oriel Morrison to comment on local IPOs. read
I was interviewed by Sophie He from the China Daily’s Hong Kong edition for an article entitled “IPO’s second wind” as part of the newspaper’s Hong Kong Competitiveness report. read
I was interviewed by Reuters and Bloomberg again to comment on the IPOs of China Galaxy Securities (US$1.1 billion) and Sinopec Engineering (expected to raise US$1.8 billion), which are indicative of a pick-up in IPO activity in Hong Kong. read
Asia-Pacific ex-Japan equity capital markets volume totaled US$50.7 billion through 406 deals in the fist quarter of 2013, down 1% as compared with the previous quarter, but up 16% on the first quarter of 2012 (US$43.7 billion). read
I was back in Hong Kong’s RTHK 3 radio studio this morning, interviewed by anchor Reenita Malhotra Hora in the “Money for Nothing” programme, to talk about Chinese IPOs, both in the mainland and in the Special Adminstrative Region. read
Hong Kong Exchanges and Clearing Limited (HKEx) released earlier this week the findings from its Cash Market Transaction Survey for 2011/12, revealing the diversity among investors in its securities market. read
On 5 February, Sunway REIT (SREIT MK) priced a US$103 million equivalent primary placement, representing 8% of the REIT. read
On 17 January 2013, I moderated a 90 minutes panel discussion on the Hong Kong listing mechanism at HKEx’s 2nd whole-day conference on “Raising capital in Hong Kong”. read
