FWD Drops NYSE Listing to Raise $1.4bn via HK Private Placement
Hong Kong -based insurer FWD Group dropped its NYSE listing plans to sell shares on the Hong Kong exchange as per a source. FWD will raise $1.4bn via a private placement of shares expected to be completed this month, that includes a group of large global investors...
Hainan Airlines to Raise $7.9bn via Share Sale
Hainan Airlines Holding is planning to raise $7.9bn via an issuance of new shares to reduce its financial burden, as per an exchange filing. The carrier is expected to sell 16.4bn shares, of which 12bn shares will be gifted to creditors at RMB 3.18/share to eliminate...
FWD’s NYSE IPO Said to Stall
According to Bloomberg sources, FWD Group Holdings’ IPO is said to stall amid regulatory concerns over “the long arm of the Chinese government”. The Asian insurance group has yet to secure the final approval from the US SEC for the listing. In addition, the SEC...
AMTD’s Dollar Perp Crashes
Hong Kong based Investment banking company AMTD International’s dollar perpetual bond crashed 40% to 65.55 from 108.5 this. The reason for the dramatic fall in the bond’s price is unknown. Bloomberg reported yesterday that HK firms started flagging China...
