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Tag: hkd
Baidu to raise HKD 24 billion in Hong Kong secondary listing
2021-03-18 08:47:00| Telecompaper Headlines
(Telecompaper) Chinese internet group Baidu is selling new shares as part of starting a second listing on the Hong Kong stock market...
Tags: listing
hong
kong
secondary
Alibaba prices IPO at small discount, to raise HKD 88 billion
2019-11-20 12:17:00| Telecompaper Headlines
(Telecompaper) Alibaba Group has priced its stock offering on the Hong Kong exchange at HKD 176 per share, both for the retail and institutional parts of the offer. Based on the ratio of eight shares per ADS, this equals a price of USD 180 per ADS, a small discount on its recent trading price.
Tags: small
prices
discount
raise
Xiaomi raises HKD 24 billion in IPO
2018-07-06 09:21:00| Telecompaper Headlines
(Telecompaper) Xiaomi has raised HKD 24 billion (EUR 2.6 billion) in net proceeds from its initial public offering of shares, after pricing the IPO at the low end of the expected range. Despite the offering being over-subscribed, the company priced the shares at HKD 17 each, the bottom of the indicated range of HKD 17-22. The stock will start trading on 09 July in Hong Kong.
Hutchison sells Hong Kong fixed business for HKD 14.5 billion
2017-07-31 09:25:00| Telecompaper Headlines
(Telecompaper) CK Hutchison has agreed to sell its fixed network in Hong Kong in order to focus more on mobile services. The investment group I Squared Capital will buy Hutchison Global Communications (HGC) from Hutchison Telecommunications Hong Kong Holdings (HTHKH) for HKD 14.5 billion (EUR 1.58 billion). The transaction is expected to close by October.
Tags: business
hong
kong
fixed
TCL Communication sees H1 profit crumble to HKD 11 mln
2016-08-15 10:52:00| Telecompaper Headlines
(Telecompaper) TCL Communication Technology, the maker of Alcatel brand phones, saw its net profit plunge to HDK 11 million in the first half of 2016 from HKD 454 million a year ago. Revenues fell 17 percent year-on-year to HKD 10.93 billion, while the company's gross margin improved slightly to 20.4 percent from 19.3. TCL blamed the lower results on the slowdown in the smartphone market, driven by the weak economic climate and intense competition in the Chinese market. Its smartphone sales fell by 12 percent year-on-year to 17.4 million units, and total sales of handsets and other products were down by 2 percent to 33.1 million units.
Tags: communication
profit
sees
tcl