Hong Kong (China)
Haitong to revive Hong Kong IPO in April
Haitong Securities, China’s second largest brokerage by assets, will once again seek to list on the Hong Kong Stock Exchange, with a fundraising target of $1.5 billion.
VPCP and Citi back InvestLab with $10m
VantagePoint Capital Partners (VPCP) and Citigroup subsidiary Citi Ventures have led a $10 million Series A funding round for Hong Kong-based financial technology company InvestLab.
Greenpark opens Hong Kong office; appoints Asia head
Mid-market private equity secondaries firm Greenpark Capital has launched a new office in Hong Kong which will be overseen by ex-Bank of America Merrill Lynch (BoAML) MD Chin Chin Teoh.
Blackpeak adds Nicholas Blank in Hong Kong
Risk advisory firm Blackpeak Group, which focuses on corporate, private equity and hedge fund clients, has appointed Nicholas Blank as a director based in Hong Kong.
Mehta leaves CCB to establish PE firm
Mickey Mehta, the assistant general manager and head of corporate banking and structured finance at China Construction Bank's (CCB) Hong Kong unit, has left to start his own private equity firm.
Sunshine Oilsands down 4.3% on its IPO price in early trading
Canadian oil explorer Sunshine Oilsands ended its first morning of trading in Hong Kong down 4.3% on its IPO price. The sluggish performance was expected, largely due to delays in the offering process and negative income streams.
PineBridge names David Jiang as CEO
David T. Jiang has been appointed CEO of PineBridge Investments, having previously spent seven and-a-half years as head of BNY Mellon Asset Management’s Asia Pacific operations. Win J. Neuger, Jiang’s predecessor, has assumed the role of vice chairman,...
Noah sets up Hong Kong subsidiary
Noah Holdings, the Shanghai-headquartered third-party financial advisory company, is launching a Hong Kong subsidiary. It wants to provide investment products to international investors and mainland customers who already have assets overseas.
Akin Gump launches office in Hong Kong
International law firm Akin Gump is opening a Hong Kong office with two major hires as it looks to further expand its presence across Asia.
First Eastern backs Sustainable Development Capital
First Eastern Investment Group, a Hong Kong-based investor with interests in private equity and venture capital, has acquired a minority stake in Sustainable Development Capital (SDCL). The two firms have also set up an Asia-focused joint venture.
Baring completes partial exit from China's Yingde Gases
Baring Private Equity Asia has exited part of its stake in Hong Kong listed Yingde Gases through a block trade worth of HK$414 million ($53 million). The partial exit comes after a 40% gain in Yingde’s share price since October 2011.
CIC, Sinopec commit $300m to Sunshine Oilsands IPO
China Investment Corp (CIC) and China Petrochemical Corp. (Sinopec) are among three cornerstone investors to pledge $350 million to Sunshine Oilsands' Hong Kong listing. The news comes a few days after the company said it would postpone its IPO to allow...
Sunshine Oilsands postpones Hong Kong IPO roadshow
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises (SOEs), is postponing its IPO roadshow to sometime next week.
Hutchison Whampoa to acquire Orange Austria
Hutchison 3G, a unit of Hong Kong conglomerate Hutchison Whampoa, agreed to acquire Orange Austria, a mobile telecommunication company owned by France Telecom and buyout firm Mid-Europa Partners.
Portman Holdings opens Hong Kong office
Portman Holdings, an international real estate company, has announced the opening of its Hong Kong office, with the hire of Stanley Chin as a managing director for Greater China.
Saban Capital opens in Hong Kong
Saban Capital Group (Asia), a regional unit of the Los Angeles-based private equity firm controlled by billionaire Haim Saban, has opened a new office in Hong Kong.
PE-backed Sunshine Oilsands prepares for Hong Kong IPO
Sunshine Oilsands, a Canadian oil exploration company backed by Hong Kong private equity firm Cross-Strait Common Development Fund as well as several Chinese state-owned enterprises, could raise up to $700 million through an IPO in Hong Kong. This implies...
Mourant Ozannes opens Hong Kong office
Mourant Ozannes, one of the leading global offshore law firms, has enlarged its footprint in Asia by opening an office in Hong Kong. Three partners have relocated to Asia where they will focus initially on investment funds, corporate and finance work....
Warburg Pincus promotes three Asia professionals to MD level
Warburg Pincus has named three new managing directors in Asia, including Zhiming Yue and Joe Gagnon in Hong Kong, as well as Nitin Nayar in Mumbai. It is part of a wave of promotions globally, which has seen nine senior professionals elevated to managing...
John Tsang: Hong Kong as magnet for PE funds
Hong Kong has retained its status as a private equity hub, largely on the back of developments in mainland China, said Hong Kong's financial secretary John Tsang at an industry event.
CEC to raise $300m China fund
Hong Kong-based private equity firm China Enterprise Capital Management (CEC) is said to be planning to raise up to $300 million for a third fund which will focus on consumer deals in mainland China.
China to let more SMEs list in Hong Kong
China will allow more small- and medium-sized enterprises to list in Hong Kong in what could be a game changer for private equity firms seeking overseas IPO exits for portfolio companies. The move, announced at the Asian Financial Forum in Hong Kong by...