Fashion Retailer KK Group Stitches Up Revived IPO Plan

The popular clothing chain operator has restarted its plan to list in Hong Kong, seizing on hopes for China’s post-Covid economic recovery Key Takeaways: By Fai Pui A pair of sister brands have taken Chinese shopping malls by storm these last few years, their yellow and pink motifs making them “celebrity” fashionistas that have attracted not only shoppers, but also investors. The yellow KKV is the racier of the pair, selling fast fashion products. Meantime, the softer pink Colorist chain peddles affordable cosmetics. Their parent, KK Group Co. Holdings Ltd.,…

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Chinese Liquor Distiller ZJLD Gives Hong Kong Listing a Shot

The maker of four brands of Chinese spirits has applied to become the first liquor stock to list on the Hong Kong Stock Exchange, with the reported aim of raising up to $400 million Key Takeaways: By Emily Chan Chinese people famously enjoy a tipple, especially a shot of traditional spirits known as baijiu. And often the higher the alcohol content, the higher the price. That’s why distilling is big business in China, and a fiercely competitive market. Against that backdrop,spirits maker ZJLD Group Inc is seeking to blaze a…

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Charged by Surgical Robot’s Approval, Shenzhen Edge Medical Makes New IPO Bid

The medical device maker filed a second time for a Hong Kong IPO after updating its prospectus with the recent approval of its first surgical robot Key Takeaways: By Ellie Si Shenzhen Edge Medical Co. Ltd. hopes the second try will be the charm for its bid to list in Hong Kong, this time armed with a major new product approval. Eight months after its first IPO attempt, the surgical robot maker filed an updated prospectus last week revealing the regulatory nod for a key product that will bring the…

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Ant Group Tipped to Revive IPO Plans after Jack Ma Bows Out

Alibaba founder Jack Ma has relinquished control of the company’s financial affiliate, Ant Group, as the firms emerge from a two-year regulatory crackdown Key Takeaways: By Fai Pui The New Year looks to herald a fresh start for Alibaba Group Holding Ltd. (BABA.US; 9988.HK) and its fintech offshoot. Shares in the e-commerce giant surged this month, helping to push Hong Kong’s benchmark index up through its 250-day moving average into bull market territory. As of Jan. 17, Alibaba’s share price has climbed 32% this year and has gained around 90%…

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Lu DaoPei Medical Seeks IPO Cash for Pricey Hospital Plans

Lu DaoPei Medical, named after an expert in stem cell transplants who founded the company, has filed to list on the Hong Kong Stock Exchange   Key Takeaways: By Emily Chan A chain of hospitals specializing in stem cell transplants has filed the first IPO application of the year on the Hong Kong Stock Exchange, banking on the clinical credentials of its founder Lu Daopei to attract funds for expansion. The brains behind Lu DaoPei Medical Group Holding Ltd. has been active in hematology research since 1957. Lu helped to…

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Huawei-backed Saimo Takes IPO Route Towards Driverless Tech

Saimo Technology, which provides simulation testing for autonomous driving, has filed to list on the Hong Kong Stock Exchange Key Takeaways: By Fai Pui An era of autonomous driving is dawning, as technology increasingly supplants humans at the wheel. But before intelligent cars can take to the open road, they must be proven to be safe. And that requires a mass of programming data as well as sophisticated driving simulations to put the vehicles through their paces, away from the risks of real traffic.  A Chinese provider of these testing…

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Unimpressive Hong Kong Keeps No. 3 Spot in Global IPO Race

New listings in the city tumbled 68% to just 90 last year, much of that on a surge in activity in the second half Key Takeaways: By Emily Chan Last year wasn’t kind to global stock markets, which were rocked by Russia’s invasion of Ukraine and resulting energy shortages in Europe. Ruthless interest rate hikes by the U.S. Federal Reserve to tame inflation, and repeated outbreaks of the Covid-19 epidemic in China, didn’t help either. That confluence of factors not only hit corporate valuations, but also put a major damper…

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From Boom to Gloom: SPAC Frenzy Fizzles in Asia after US Falters

The SPAC bandwagon that rolled out of the U.S. has gone off the rails in Asia. Some listed SPACs have been liquidated, and the volume of SPAC applications in Singapore and Hong Kong has been lighter than expected in the past year Key takeaways: By Ken Lo So much for an Asian SPAC boom. The market for special purpose acquisition companies has turned out to be more of a damp squib since exchanges in Singapore and Hong Kong opened their doors to the listings. It’s a far cry from the…

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For Better or for Worse, IPO Aspirant Powerwin is Bound to its Ad Partners

The provider of cross-border online marketing services plans to go public in Hong Kong, but its falling revenue and profit, combined with a worsening cash position, are troubling for investors Key Takeaways: Powerwin Tech’s business is closely entwined with an important media partner, described as “Media Publisher A” in the prospectus, with more than 99% of its expenses related to the one partnership But falling advertising prices have dragged down revenue and profit at this principal partner, with negative knock-on effects for Powerwin Tech By Ken Lo A company that…

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