Home 

Chinese shoe seller Belle plans to spin off its Topsports athletic wear retail unit through an initial public offering in Hong Kong

Belle International Holdings, the largest seller of women’s shoes in China, said it’s planning to spin off a unit that distributes sportswear and athletic shoes for Adidas and Nike for a listing on the Hong Kong stock exchange.A listing by Belle’s Topsports International Holdings unit could raise up to US$1 billion in Hong Kong, according to a Reuters report that cites sources close to the matter. The initial public offer is sponsored by Bank of America Merrill Lynch and Morgan Stanley,… Source link

Read More
Home 

Stocks Blog: Investors brace for fresh data offering clues on China economy as trade impasse drags on

Happy Friday, traders! And what a week it has been, what with the protests in Hong Kong on Sunday and Wednesday against an extradition bill adding to investor uncertainty over trade. We will have May industrial production and retail sales out of China today. Chinese drugmaker Hansoh Pharmaceutical Group debuts in Hong Kong today, raising about US$1 billion in one of the city’s biggest IPOs this year. Also, on trade, US economic adviser Larry Kudlow said overnight it wouldn’t be good for… Source link

Read More
Singapore 

New Japanese eatery Minka is now offering discounts for Huawei users who dine in, Digital, Food, Singapore News

M1’s not the only Singaporean entity standing in solidarity with Huawei right now; a local restaurant is also giving some love to the beleaguered tech company.  Surprisingly, the eatery’s not serving Chinese cuisine. Minka — a Japanese joint that just launched earlier this year at Oxley Tower — is now letting Huawei phone owners dine in with a 10 percent discount off their total bill as long as they can show their devices. “There is value in every Huawei phone,” the restaurant noted in the caption of their promo, which…

Read More
Vietnam 

Vietjet joins 2019 Taipei Tourism Expo, offering ticket promotion – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A Vietjet’s booth at the Taipei Tourism Expo in Taiwan. — VNS Photo TAIPEI — Vietjet is offering 200,000 promotional tickets at zero dong from now until next Monday to mark its participation in the 2019 Taipei Tourism Expo in Taiwan.  The discounted tickets, available only at www.vietjetair.com, are for all routes between Việt Nam and Taiwan: HCM City/Hà Nội – Kaohsiung/ Taipei/ Taichung and HCM City – Tainan. The travel period is from June 1 to December 31. At the Vietjet booth at this year’s expo, visitors will have the chance to enjoy exciting performances and a special cosplay…

Read More
Property 

Wheelock gets second time lucky, finds buyer for house in Asia’s priciest address after offering extra sweeteners

The developers of Mount Nicholson, Asia’s priciest address, have found a new buyer for a 7,978 square feet villa, four months after the previous buyer reneged on a deal.On Monday, Wheelock Properties sold House 16 at the ultra exclusive development on The Peak for HK$720 million (US$91.74 million), or HK$90,248 per square foot. It was also HK$1.88 million, or 0.3 per cent, cheaper than the cancelled sale.Wheelock did not identify the buyer.The new deal allows for the transaction to be completed… Source link

Read More
Home 

Starbucks’ Chinese rival Luckin Coffee seeks to raise up to US$586.5 million in US initial public offering

Luckin Coffee, the Chinese challenger to Starbucks Corp, is looking to raise up to US$586.5 million, its filing with the US Securities and Exchange Commission on Monday showed.The company said it expects to offer 34.5 million American depository shares (ADS) priced between US$15 and US$17 per ADS in an initial public offering.Luckin Coffee, which has been expanding at breakneck speed, currently operates 2,370 stores in 28 Chinese cities and plans to open 2,500 more this year as it tries to… Source link

Read More
Vietnam 

AIP launches public offering at Korean conference – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

SEOUL, SOUTH KOREA – Media OutReach – 3 May 2019 – AIP International Investment Institution (AIP), a cutting-edge digital asset management corporation, officially launched its initial public offering for the Asia Pacific region on April 28. This conference was held at the Landing hall of Jeju Shinhwa World Hotel in Jeju Island, Korea. AIP (www.aiptoken.com) is a digital asset company dedicated to blockchain technology. “Information technology is the world’s most concentrated R&D investment,” said AIP’s Chief Operating Officer Peter Kalmar, who attended the event along with Joe Radiant, Chief Technology Officer at the firm. “At…

Read More
Home 

China’s co-working offices poised for a boom, offering unicorns the freedom to expand and contract with changing businesses

Commercial landlords in business parks and the operators of co-working offices are likely to see a surge in occupancy rates in mainland China, as a 41-fold jump in the number of unicorns raises the demand for flexible workspace that can contract and expand with rapidly changing business operations.Three of every four unicorns, or start-up companies valued at more than US$1 billion, are considering expansion either in their existing markets, or exploring new markets, said Cushman & Wakefield in… Source link

Read More
Singapore 

More minors offering sex online: Lawyers, Singapore News

An underage girl was so desperate for male companionship and validation that she advertised in online sex forums for boyfriends. Apart from having sex with them, she would also shower them with gifts and monetary favours. Unlike her extreme case, other underage girls who seek out men online would trade their bodies in exchange for money or expensive gifts like luxury handbags and smartphones, say lawyers and youth counsellors. Three criminal lawyers contacted by The New Paper were concerned by the uptick in such cases in recent years. One of…

Read More

Hong Kong may boost start-up ecosystem by offering more incentives to overseas angel investors, says financial secretary

Hong Kong will consider offering more incentives to attract overseas angel investors to the city, Financial Secretary Paul Chan Mo-po said on Sunday.Writing in his personal blog, Chan said angel investors – private-equity fund managers that provide the first round of funding for newly created companies – were important to the ecosystem driving innovation and developing Hong Kong’s technology industry. At the moment, these investors are operating mainly outside the city.“Angel investors can… Source link

Read More