Crystal Tse
Stories by Crystal Tse
China’s Midea Group eyeing IPO of $12b real estate arm
Guangdong Midea Property Co. has been speaking with investment banks about a potential Hong Kong share sale that could take place in 2018.
China online lender LexinFintech said to mull fate of $500m IPO
The company aims to decide whether to imminently start its IPO roadshow or wait when market sentiment may be better.
Credit Suisse, Li Ka-shing-backed HK fintech WeLab said to plan $500m IPO
Other backers include Malaysian sovereign wealth fund Khazanah, Sequoia Capital, IFC and Alibaba Entrepreneurs Fund.
KKR said to raise $299m paring stake in China’s Qingdao Haier
KKR agreed to buy a 10% stake in Qingdao Haier in 2013 for 3.38 billion yuan ($509 million).
China fintech IPO appetite wanes after regulators voice concern
Chinese regulators are right to be concerned about the “very rapid run-up in consumer lending".
Indonesia: CVC-backed sporting goods retailer MAP Active mulls $300m IPO
The company joins snack producer GarudaFood and toilet brand Toto's local distributor in planning to raise funds in the equity market.
Qatar Foundation unit offers to sell $1.46b stake in India’s Bharti Airtel
Three Pillars Pte., Singapore, an affiliate of Qatar Foundation Endowment SPC, is selling as many as 199.9 million Bharti Airtel shares for 473 to 490
Tencent-backed China Literature said to raise $1.1b in Hong Kong IPO
At the IPO pricing, China Literature would have a market capitalization of HK$49.9 billion ($6.4 billion).
Vincom Retail’s IPO, Vietnam’s biggest-ever, priced at top end to raise $709m
The company aims to begin trading November 6.
Asian companies sell most stock in U.S. since Alibaba’s IPO
Fifteen Asian companies have raised $3.2 billion in US IPOs and seen their shares climb 46% since their listings this year.
