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China Vanke, a major residential property developer in China, announced its intention to sell 262 million 991 thousand new X-shares, Reuters writes. The company wants to raise capital to pay off its debts abroad. Shares of Vanke, registered in mainland China, are traded on the Hong Kong Stock Exchange. The sale price of one share is 29 Hong Kong dollars 86 cents, with a discount of 5.02% from the previous close. The 2018 China Vanke report showed that its main profit for the year increased by 22.8%. According to official data, prices for new housing in 70 main cities of China increased by 0.5% in February, which was the lowest increase since April last year. And, although the government is taking measures to curb the real estate boom, prices have been rising for 46 months in a row.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Britain on Wednesday signed a supply deal for up to 60 million doses of a possible COVID-19 vaccine that is being developed by pharmaceutical companies GlaxoSmithKline (GSK) and Sanofi. The financial details of the agreement were not disclosed. However, ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
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