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The chain of Haidilao restaurant, one of the largest and most famous in China, held its first public offering on the Hong Kong Stock Exchange, during which it raised $963 million, finversia.ru wrote with reference to the message of the local newspaper Standart. The company intends to allocate about 60% of the funds received from the IPO to further expansion of the chain in China and beyond. Hidilao plans in the coming months to increase the number of its restaurants by 180-220 establishments, in the US and Canada as well. Its revenue in 2017 amounted to 1 billion 28 million Hong Kong dollars, having increased by almost 40%.
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 ...
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, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
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