Scott Murdoch
Stories by Scott Murdoch
Kingsoft Cloud raises $510m in first China IPO in US since virus outbreak
Existing shareholders Kingsoft Group, Xiaomi and Carmignac Gestion anchored the IPO.
GSK sells $3.35b stake in Unilever’s India business
The deal is understood to be the largest block trade ever to have been carried out in India.
Chinese tech firm NetEase eyes Hong Kong secondary listing
The company has appointed CICC, Credit Suisse and JPMorgan to lead the transaction.
Bottled water company Nongfu Spring plans $1b Hong Kong IPO
Nongfu is the leading bottled water producer in China and is a top three player in the bottled tea and juice market.
Apollo, Oaktree, BGH, among others, evince interest to restructure Virgin Australia
More than ten parties have expressed interest in restructuring the country’s second-biggest airline.
Racing against time, Australian companies amass over $6b via share sales
It makes Australia the most active capital market in the Asian region so far this year excluding China.
Citi replaces Credit Suisse in WeDoctor’s $1b Hong Kong IPO
The deal could peg the valuation of the Chinese online health platform at up to $10 billion.
Indonesia raises $4.3b in first ‘pandemic bond’ offering
It was Indonesia’s largest bond deal and the first time a 50-year dollar deal has been issued in Asia.
Asian firms scramble to meet $69b in second-quarter debt refinancing
The level of U.S. dollar corporate debt due to mature in the region, including Japan and China, is the second highest on record.
Chinese developers raise funds via domestic borrowings to repay offshore debt
The coronavirus outbreak and ensuing scramble for dollars triggered a jump in yields for Asian debt.