Bubble tea maker Mixue has joined the market as it bounces back with a flurry of listing activity expected this year, with mainland Chinese investors increasing use of the Stock Connect; Middle East firms could also seek listings, although other foreign firms could be harder to attract.
The deal includes an agreement to buy Banner Life, enter a partnership in the US pension risk transfer business, and an intention to take a 5% shareholding in Legal & General Group.
After surpassing a shareholder threshold for an offer from chairman Reinold Geiger, L’Occitane International will apply to suspend dealings in the shares from August 7.
Alvarez and Marsal has unveiled a forensic technology tool, ChatView, with AI features. The chat data collection and analysis tool is aimed to help law firms and investigators with disputes in Asia.
Bosera International, Harvest Global Investments and China Asset Management have launched ETFs for Bitcoin and Ethereum on the Hong Kong Stock Exchange.
Mirae Asset Global Investments (Hong Kong) has issued two ETFs, investing in the Hang Seng Index and the Hang Seng China Enterprises Index. The HKEX also posted its second best results, as Bonnie Chan becomes CEO and Belle Fashion eyes a return.