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Author: Deal Street Asia Online News
Stay, swap or shed: Investors brace for delisting of US-listed China stocks
As a long-running Sino-U.S. diplomatic spat threatens to force Chinese companies off American stock exchanges, global equity investors are assessing ways to retain or add exposure to the world’s second-biggest economy. Fund managers are planning or accelerating a shift out of Chinese American Depository Receipts (ADRs) into their Hong Kong-listed counterparts, or buying more shares… Continue reading Stay, swap or shed: Investors brace for delisting of US-listed China stocks
Chinese asset manager Yingke PE targets to raise $157m for two RMB funds …
Shanghai-based asset manager Yingke PE has set up two new funds with a total target corpus of 1 billion yuan ($156.8 million) as it seeks to expand its portfolio of almost 300 biopharmaceutical and hard tech companies. Yingke PE, which manages over 50 billion yuan ($7.8 billion) in assets, said in a statement on Thursday… Continue reading Chinese asset manager Yingke PE targets to raise $157m for two RMB funds …
KKR to buy Japanese software developer Yayoi from Orix …
Japanese financial services group Orix Corp said on Friday it will sell software developer Yayoi Co to U.S. private equity firm KKR & Co Inc for an undisclosed amount. Orix, which bought Yayoi for more than 80 billion yen ($705 million) in 2014, will complete the transaction in March and book a profit of 163.2… Continue reading KKR to buy Japanese software developer Yayoi from Orix …
Corporate services provider Sleek extends Series A round to $25m …
Sleek, a Singapore-based corporate services provider, has extended its Series A round to $25 million after bagging additional equity and debt financing. The company had in November announced raising $14 million in the round co-led by White Star Capital and Jungle Ventures. Singapore’s EDBI participated in the Series A extension, per Sleek’s announcement on Friday.… Continue reading Corporate services provider Sleek extends Series A round to $25m …
Watch top Canadian pension fund leaders speak on PE, infra bets in Asia
Top Canadian pension funds CDPQ and OMERS Infrastructure are betting big on the rapid urbanisation and growth of the middle class in Southeast Asia and India as they seek opportunities for portfolio diversification. Speaking at DealStreetAsia’s Asia PE-VC Summit 2021, CDPQ’s Leong Wai Leng and OMERS’ Prateek Maheshwari noted increasing allocation to the region. [embedded… Continue reading Watch top Canadian pension fund leaders speak on PE, infra bets in Asia
Hong Kong to allow SPAC listings from Jan 1
SPACs will be allowed to list in Hong Kong from Jan. 1, 2022, the local stock exchange operator said on Friday, becoming the latest global bourse to tap the desire for such investment vehicles even as the frenzy from earlier this year wanes. The statement from Hong Kong Exchanges and Clearing also set out several… Continue reading Hong Kong to allow SPAC listings from Jan 1
Short-seller Muddy Waters takes aim at Chinese broking firm KE Holdings …
U.S. short-selling firm Muddy Waters said on Thursday it had acquired a short position in KE Holdings Inc, the biggest housing brokers in China, pushing its shares down as much as 10.9% premarket. KE’s stocks most of the earlier losses and were down about 2% in morning trading. The short seller questioned the value of the company’s… Continue reading Short-seller Muddy Waters takes aim at Chinese broking firm KE Holdings …
Beijing’s proposed rules to revive China’s IPO prospects in 2022, bankers say
Greater China’s flagging initial public offerings (IPOs) are set to get a fillip in 2022 from the expected unveiling of new rules by Beijing for Chinese firms’ offshore listings, giving clarity to jittery investors, investment bankers and analysts said. Regulators are contemplating new rules scrutinising offshore listing plans of Chinese companies with variable interest entity (VIE) structure,… Continue reading Beijing’s proposed rules to revive China’s IPO prospects in 2022, bankers say
China to amend laws to allow gig economy workers to form unions
China plans to amend laws to allow ride-hailing drivers and food delivery workers to form unions, state media reported on Friday. China will review the amendment on its trade union law starting December and plans to add rules to expand the type of organisations and work for which unions can be formed, the spokesperson for… Continue reading China to amend laws to allow gig economy workers to form unions