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Hong Kong charges alleged mastermind of city’s largest financial probe in decades with conspiracy to defraud Convoy

Roy Cho Kwai-chee, the alleged mastermind in Hong Kong’s largest financial investigation in decades, has been charged with conspiracy to defraud Convoy Global Holdings by the city’s securities regulator and anti-corruption investigator.Cho allegedly conspired to defraud Convoy and its affiliates, causing more than HK$89 million (US$11.3 million) in losses. He will be brought to the Eastern Magistracy today, according to a joint notice by the Securities and Futures Commission (SFC) and the… Source link

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Singapore 

Singapore’s largest indoor mall playground to open at Marina Square, Singapore News

Parents of hard-to-handle children will be happy to know that there’ll soon be another souped up playground in town to let your kids run wild. Kiztopia, marketed as Singapore’s largest edutainment playground in a shopping mall, will be opening its doors on June 15 at Marina Square.  The mall is already home to another popular kids’ playground, Pororopark. So how does it compare? Based on information that’s been released to the media, Kiztopia boasts a whopping 18 different play areas, including an indoor driving school, role-play rooms, a ‘ninja warrior’ course and even ‘augmented…

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Singapore 

Singapore’s largest indoor playground located in a mall to open at Marina Square, Singapore News

Parents of hard-to-handle children will be happy to know that there’ll soon be another souped up playground in town to let your kids run wild. Kiztopia, marketed as Singapore’s largest edutainment playground in a shopping mall, will be opening its doors on June 15 at Marina Square.  The mall is already home to another popular kids’ playground, Pororopark. So how does it compare? Based on information that’s been released to the media, Kiztopia boasts a whopping 18 different play areas, including an indoor driving school, role-play rooms, a ‘ninja warrior’ course and even ‘augmented…

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Shenwan Hongyuan falls flat in its Hong Kong trading debut as investors are lukewarm about Asia’s largest IPO so far this year

Hong Kong’s biggest initial public offering (IPO) of 2019 kicked off with a lacklustre start, as the shares of Shenwan Hongyuan began their first trading day unchanged from the offer price.Shares of China’s oldest brokerage began trading unchanged at HK$3.63, and fell as much as 8.8 per cent to an intraday low of HK$3.31. The Beijing-based broker raised HK$9.1 billion (US$1.16 billion) this month, the largest stock sale this year in the Asia-Pacific region.The state-run brokerage, which was the… Source link

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Vietnam 

The north’s largest bio organic fertiliser plant opens in Vĩnh Phúc – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The plant – the largest of its kind in the north – provides 250,000 tonnes of organic fertiliser each year. — Photo nhandan.com.vn VĨNH PHÚC — HCM City-based Quế Lâm Group inaugurated its bio-organic fertiliser plant, capitalised at VNĐ500 billion (US$21.6 million), in the northern province of Vĩnh Phúc late last week. The 4ha plant – the largest of its kind in the north – has an annual production capacity of 250,000 tonnes of fertiliser. Quế Lâm Group General Director Nguyễn Thanh Vinh said the plant is developed to meet the rising demand for quality…

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China 

What kind of stimulus do China’s half-idle car assemblies need to restart stalled sales in the world’s largest vehicle market?

Word got around last week – while the Auto Shanghai 2019 trade show was in full swing – that China’s economic planning agency was mulling an easier process for drivers to obtain licences in the world’s largest vehicle market.The speculation sent the share prices of carmakers soaring, on hopes that the liberalised procedure would spur drivers to become owners, help clear out showrooms and stem nine consecutive months of declining sales. At least three automotive stocks jumped by their 10 per… Source link

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Vietnam 

Leading garment-makers to display goods at Hong Kong’s largest trade show – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — More than 30 leading Vietnamese manufacturers of garments, textiles, handicrafts and fashion accessories will be showcasing their products at one of Asia’s largest exhibitions to be held in Hong Kong at the end of this month.  Goods to be displayed at the show include apparel, fashion jewelry, underwear, swimwear, bags, luggage, scarves, footwear and fabrics all under one roof. The four-day Global Sources Fashion show will feature verified suppliers from major fashion manufacturing hubs, including Việt Nam, China, Hong Kong, Taiwan, South Korea, Bangladesh, India, Indonesia and…

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Cutthroat competition in China’s co-working office sector will see a survival of the largest

Earlier this month, Ucommune, China’s largest home-grown provider of shared office space, reportedly secured 200 million yuan (US$29.8 million) of new funding from the property arm of mainland industrial conglomerate Beijing Xingpai Group. Ucommune (formerly UrWork) will use the proceeds to help finance the construction of new co-working centres as the four-year-old start-up seeks to expand its domestic and international footprint in a fast-growing and fiercely competitive market.Pioneered by… Source link

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Chinese brokerage giant seeks to raise US$1.25 billion in Hong Kong’s largest IPO this year

Shenwan Hongyuan, China’s sixth largest securities firm by market value, is seeking to raise as much as US$1.25 billion in Hong Kong’s largest IPO this year to replenish its capital and expand internationally.Shenwan, already listed on the Shenzhen Stock Exchange, is set to become the 12th Chinese brokerage firm with dual listings in Hong Kong and mainland markets.The firm, controlled by state-owned Central Huijin Investment, plans to sell 2.5 billion shares priced between HK$3.63 and HK$3.93… Source link

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At US$10 billion, Uber’s listing to be largest since Alibaba’s in 2014

Uber Technologies has decided it will seek to sell about US$10 billion worth of stock in an initial public offering, and will make public the registration of the offering on Thursday, people familiar with the matter said on Tuesday.A listing of this size will make Uber’s one of the biggest technology IPOs of all time, the largest since that of Chinese e-commerce giant Alibaba Group Holding, which owns the South China Morning Post, in 2014.Uber is seeking a valuation of between US$90 billion and… Source link

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