spinoff

The China-based oilfield services company raises $106 million from the offering, while Xinchen China launches its Hong Kong IPO of up to $113 million.

The US insurance giant confirms its intentions to spin off its Asian life insurance operations and sends out RFPs to a number of investment banks seeking arrangers for an IPO.

Pou Sheng raises $322 million after fixing the price above the low end of the range, while Central China Real Estate has to settle for the minimum $176 million.