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The Stock Exchange of Hong Kong had an exuberant year in 2006 when it listed sixty-two companies. The listing of the Industrial and Commercial Bank of China Limited on its Main Board earned the exchange the enviable status of being home to the world's largest initial public offering. The HK$333.2 billion in initial public offering capital raised during the year propelled it to the position of second among global exchanges, behind London but ahead of New York. This Article examines an increasingly common feature of initial public offerings in Hong Kong, namely, the introduction of "cornerstone investors" whose participation enhances the general receptiveness to a stock offering. This approach does have a significant downside, however. The new category of "cornerstone investor" may not be...
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On December 1, 2011, Hong Kong depositary receipts ("HDRs") representing common stock of Coach, Inc. began trading on the Hong Kong Stock Exchange (th...
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Listing on the Hong Kong Stock Exchange by way of introduction received some attention recently as a result of the suspension of trading in the shares...
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NEW YORK -- Coach, Inc. (NYSE: COH), a leading marketer of modern classic American accessories, today announced the listing of its Hong Kong Depositar...
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Caroline Chan, Partner at law firm Ogier in Guernsey, was heavily involved in the groundwork which led to Guernsey being given the green light for its...
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China Construction Bank on Oct 27 became the first of China's four biggest state-owned banks to launch an initial public offering. The bank raised US$8 billion on the Hong Kong Stock Exchange. In early 2006 the Bank of China will likely be the second of China's four biggest state-owned banks to sell its stock publicly. Sales of another kind continued to break new ground, too. Retail sales of consumer goods in China totaled a record 585 billion yuan in October, an increase of 12.8% over Oct 2004.
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Article by Dieter Yih, Mandy Yim, Gigi Wong and Fiona Tai
Originally Published 5th December 2008 New amendments to the Listing Rules in Hong Kong wi...
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HONG KONG (Reuters) - Commodities giant Glencore met with Hong Kong stock exchange officials on Thursday [March 31] to request approval for its planned $10 billion float, sources with direct knowledge of the plans told Reuters.
Hong Kong Stock Exchanges and Clearing Ltd. heard the application from the world's largest commodities trader at a scheduled meeting of its listing committee, the sources, who declined to be named, said.
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Guernsey has received the green light for its companies to list on the Hong Kong Stock Exchange.
The Exchange's Listing Committee has formally appro...
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In May 2010, the Hong Kong Stock Exchange (the "Exchange") released its Consultation Conclusions on proposed changes to connected transaction rules wh...