HONG KONG: Chinese electric vehicle manufacturer BYD has launched a Hong Kong share sale to raise up to $5.2 billion, according to a term sheet reviewed by Reuters on Monday. The accelerated book-building process has set a price range of HK$333-HK$345 per share, reflecting an up to 8.4% discount from BYD’s closing price of HK$363.60.…
All posts tagged Hong Kong
RC365 Holding divests its Hong Kong incorporated RCPAY Limited
LONDON: RC365 Holding plc (LSE: RCGH), an established payment solutions and fintech company, announced the divestiture of its Hong Kong incorporated RCPAY Limited subsidiary (RCPAY HK) for a cash consideration of HK$400,000. The Group will continue to provide remittance and payment services, including foreign exchange and payment card solutions, via its RCPAY Limited subsidiary that…
RooLife Group expands global footprint with new online stores in Australia, China, and Hong Kong
SYDNEY: e-Commerce company RooLife Group Ltd (ASX:RLG) is expanding its global presence with three new online stores launched this month in Australia, China, and Hong Kong. The company is also set to launch its new Indian RLG Marketplace in November. These new stores have generated $270,000 in product sales in October alone, highlighting the scalability…
HSBC Holdings restructured into four separate businesses
LONDON: HSBC Holdings plc is simplifying its organisational structure into four businesses to accelerate delivery against its strategic priorities. HSBC Group Chief Executive Officer, Georges Elhedery, commented: “The changes that we are announcing today will make it easier for our colleagues to serve our customers and drive the future success of the Group. The new…
Deskimo to expand in Hong Kong following $3mn seed round
HONG KONG: Deskimo, a Singapore-based workspace startup, plans to add 10 more spaces in Hong Kong by the first quarter of 2022. Since entering the market in July this year, Deskimo said it currently has over 40 locations in its local network in the city. “The pandemic has transformed the way people work and how…