haitong securities set to launch 15 billion offer
Last Updated : GMT 03:09:26
Arab Today, arab today
Arab Today, arab today

Haitong Securities set to launch $1.5 billion offer

Arab Today, arab today

Arab Today, arab today Haitong Securities set to launch $1.5 billion offer

Hong Kong - Arabstoday

Haitong Securities Co, China’s No.2 brokerage by assets, is set to launch its up to $1.5 billion Hong Kong share offering as early as April 17, IFR reported, reviving a deal that collapsed late last year due to turmoil in global markets. The company is set to price the deal on April 20 after securing sizeable commitments from investors, Thomson Reuters publication IFR said, citing four sources. The sources were not authorised to speak publicly on the matter. The deal would be the biggest offering of new shares in the Asia Pacific so far in 2012, a year marked by a slump in equity capital markets as investors remained cautious over Chinese economic growth and Europe’s sovereign debt crisis. Share sales in Asia ex-Japan tumbled 37 per cent in the first quarter from a year earlier, with most of the activity focused on follow-on offerings, block deals or private placements, underscoring the fragile nature of markets. Haitong is set to offer 1 billion new shares at a price range of HK$10.48 to HK$10.98 each, said one source involved in the deal who was not authorised to speak publicly on the matter. Terms of the deal could still change, as Haitong’s Shanghai-listed stock would serve as reference to the price of the Hong Kong shares. While pricing is set for next week, the schedule and other terms might change over the weekend, IFR said, citing the sources. Haitong shares jumped 4.4 per cent to close at 10.22 yuan in Shanghai on Thursday. The tentative range would be equivalent to 8.51 yuan to 8.92 yuan per share, or a discount as high as 16.7 per cent to the on Thursday price. The stock has surged about 38 per cent since the beginning of the year. Haitong got approval from the listing committee of the Hong Kong stock exchange last month to move forward with the offer. Founded in 1988 as Shanghai Haitong Securities Co, the firm has 210 branches in 113 cities in mainland China, with 13 more in Hong Kong and Macau and more than 4 million retail brokerage customers. The brokerage firm pulled an up to $1.7 billion listing in December due to turmoil in global markets. At the time, the company had $222 million in pledges from two cornerstone investors, private equity firm Warburg Pincus and Japan’s Chuo Mitsui Trust & Banking Co, a unit of Sumitomo Mitsui Trust Holdings Inc.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

haitong securities set to launch 15 billion offer haitong securities set to launch 15 billion offer

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

haitong securities set to launch 15 billion offer haitong securities set to launch 15 billion offer

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday