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India

Clare Jim

Evergrande Property's Hong Kong IPO meets with lukewarm reception, raises $1.8 billion

26 Nov 2020

HONG KONG Evergrande Property Services Group's Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, sources said, the tepid demand underscoring concerns about the financial health of its debt-laden parent.

Hong Kong's Lam says restoring 'political system from chaos' is priority

25 Nov 2020

HONG KONG The Hong Kong government's priority is to "restore the political system from chaos", Chief Executive Carrie Lam said on Wednesday in her annual policy address, which did not deliver blockbuster steps to boost the economy or ease a housing crisis.

'It's a joke': retail investors shocked as China halts Ant Group's IPO

05 Nov 2020

HONG KONG Mom-and-pop investors who put in bids worth a record $3 trillion in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly suspended what would have been the world's largest stock market debut.

'It's a joke': retail investors shocked as China halts Ant Group's IPO

05 Nov 2020

HONG KONG Mom-and-pop investors who put in bids worth a record $3 trillion (2.3 trillion pounds) in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly suspended what would have been the world's largest stock market debut.

"It's a joke': retail investors shocked as China halts Ant Group's IPO

04 Nov 2020

HONG KONG, Nov 4 Mom-and-pop investors who put in bids worth a record $3 trillion in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly suspended what would have been the world's largest stock market debut.

Analysis: Creeping funding costs skew China Evergrande's deleverage drive

30 Oct 2020

HONG KONG/BEIJING China Evergrande Group has taken to seeking loans at above-average interest rates in the shadow banking market, where caution even there over its cash flow hints at an increasingly fraught effort to reduce the property sector's biggest debt.

Despite politics and coronavirus, Hong Kong's enduring love affair with real estate

19 Oct 2020

HONG KONG Hong Kong is showing that its affinity for real estate has been unaffected by a year of anti-government protests and concerns over the coronavirus, with a large housing project launched this month registering the highest response in over two decades.

Slimmed-down share sale darkens outlook for China Evergrande's cash dash

14 Oct 2020

HONG KONG China Evergrande Group, the country's most indebted property developer, on Wednesday said it has raised $555 million in a secondary share sale, settling for half its initial target and sparking a 16% drop in its share price.

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