construction

Chinese groups look to tap Hong Kong market, with both relying on friends and family having locked in cornerstone investors.

The deal comes at the maximum 5% discount and is upsized in full from about $200 million at launch.

The engineering and construction arm of Asia’s largest refiner will start pre-marketing for an IPO of about $1.5 billion tomorrow. Meanwhile, Galaxy Securities delays its planned launch as CSRC approval and cornerstones aren’t yet in place.

China's approach to fixed-asset investment has been to build first and ask questions later. But there's now no avoiding the big question: where will the money come from?

China State Construction raises $293 million from a top-up placement, while Ayala Corp offloads $154 million of treasury shares.

An undisclosed shareholder raises $352 million from the sale of its entire stake in Kumho Petrochemical a day after Kepco is forced to cut the size of its sell-down in Kepco E&C to just $87 million.

Curtain-wall designer Yuanda considers reducing the size and price of its offering, which could raise up to $537 million, as investors turn cautious after incurring losses on several recent IPOs.

The Chinese company is the second-largest developer of curtain walls in the world and has completed more than 500 commercial and public building projects in the past three years.

Malaysia Marine and Heavy Engineering, which constructs oil and gas rigs among other things, is the first of two Petronas units to seek a listing this year.