listing

Amid new challenges for Chinese companies planning to go public overseas, Hong Kong’s draw as a listing venue becomes more appealing, but any rush to raise money is unlikely to happen, just yet.

Amid the implementation of new trading rules and access to cheaper financing, increasing numbers of public companies in Hong Kong are choosing to delist or privatise even as bourse rules allow unprofitable companies to go public.

Last year saw the largest number of offshore listings by Chinese firms since 2010, but a new board in Shanghai may see Chinese tech firms opt to float domestically rather than in Hong Kong or New York.

China Merchants Bank, the country's sixth-biggest bank by assets, outlines plan for an A-share and H-share rights issue to boost its capital buffers after a period of unsustainable loan growth.

EIG-linked Gateway is seeking to double its NAV by raising fresh capital primarily from private banking clients and high-net-worth individuals and is set to become the first managed fund to list in Hong Kong.

Started by the likes of Rusal, IRC and L'Occitane last year, this trend is expected to gather pace in 2011 as suggested by the upcoming IPOs of Prada and Glencore.

The world's largest iron ore producer will list in Hong Kong through introduction, giving Asia-based investors a chance to trade its stock in the Asian time zone in the form of HDRs.

The Singapore-listed wastewater treatment company raises $100 million from a renminbi-denominated CB that attracts strong demand from both outright investors and hedge funds.

The all-share privatisation offer will cost the Chinese carmaker $4 billion based on the mid-point of its own valuation, and precedes a planned listing of Guangzhou Auto in Hong Kong.