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
Author: Deal Street Asia Online News
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
Alibaba sets GMV target of $100b for its SE Asian marketplace Lazada
Chinese e-commerce giant Alibaba has set a target for gross merchandise volume of $100 billion in gross merchandise volume (GMV), the total sum of purchasing transactions, for its Southeast Asian marketplace Lazada. The goal, which was shared with investors on Thursday and later in a public online presentation, ups the ante for the company, which entered the… Continue reading Alibaba sets GMV target of $100b for its SE Asian marketplace Lazada
GLP partners two Chinese state-backed firms to launch logistics fund …
Global logistics real estate investor GLP has partnered with Chinese state-owned insurer China Life and agribusiness player China Co-Op Group to set up a modern logistics industry fund with a debut size of nearly 3 billion yuan ($471 million). The fund, dubbed GLP Co-Op Development Fund, targets to raise up to 20 billion yuan ($3.14… Continue reading GLP partners two Chinese state-backed firms to launch logistics fund …
Global private equity firm TPG submits paperwork for New York listing …
Private equity firm TPG has submitted paperwork for an initial public offering in the United States, according to a regulatory filing on Thursday, as it seeks to better compete with its publicly traded peers. Fort Worth, Texas-headquartered TPG, which did not reveal the number of shares it plans to sell or the indicative price range, is known for… Continue reading Global private equity firm TPG submits paperwork for New York listing …
Indonesia’s SWF prioritises good governance, open to investing in unicorns
Premium Indonesia Investment Authority (INA), the country’s newly-established sovereign wealth fund, is prioritising a good governance framework at the core of its investment strategy, a top executive said. INA’s chief risk officer Marita Alisjahbana told DealStreetAsia, in an interview, “everything needs to go through a real process. There are many [targets], of course, to get… Continue reading Indonesia’s SWF prioritises good governance, open to investing in unicorns
SG-based crypto investment unicorn Matrixport has big plans for 2022
Premium Singapore-based cryptocurrency investment platform Matrixport says it plans to double the value of assets under its management and custody, and the number of users on its platform in 2022, riding on the current surge in interest in digital coins. Go to Source
The Philippines is grabbing investor interest but can it deliver? Watch the full video here
As entrepreneurs and investors bet on the rapid rise of the Philippines digital consumer base and the large unbanked population, the SE Asian country’s startup ecosystem is bustling with activity. “[Philippine] startups are scaling, they’re demonstrating the ability to monetise, to go commercial, and investors, local and global, are taking notice,” said Minette Navarrete, vice-chairman… Continue reading The Philippines is grabbing investor interest but can it deliver? Watch the full video here