China’s biggest manager of bad debts is trying to exit early from at least three loans and investments as it wrestles with a liquidity crunch triggered by an anti-corruption probe into its chairman, people with knowledge of the matter said.
China Tower has lined up $1.4 billion from 10 cornerstone investors for its Hong Kong IPO of up to $8.7 billion, in what would be the world’s biggest listing in 4 yrs, people close to the deal said.
The news of Taiwanese smartphone maker HTC shutting its India operations was on the cards as the company -- once the darling of Indian users -- could not cope up with the changing dynamics of the market amid rapid growth of Chinese players, experts said.
Hong Kong’s exchange described as “temporary” a dispute with its Shanghai and Shenzhen counterparts over plans to bar investor access to dual-class shares, as shares in smartphone maker Xiaomi Corp (1810.HK) recovered from the depths of its 10-percent slide on Monday.
Shares of Chinese smartphone maker Xiaomi Corp slumped as much as 10 percent after China’s stock exchanges effectively ruled it out of inclusion in the stock connect scheme that links the mainland and Hong Kong exchanges.
China’s stock exchanges said they would not expand their stock connect scheme with Hong Kong to foreign firms, companies with different voting right structures and so-called “stapled” securities.
JD.com Inc’s finance arm has raised at least 13 billion yuan ($1.96 billion) in fresh equity from Chinese investors, doubling its valuation ahead of an expected initial public offering, people with direct knowledge of the matter said.
Redmi Y2 has two variants. The 4GB Ram and 64GB internal storage variant is priced slightly higher, at Rs 12,999, compared to the 3GB RAM + 32GB onboard storage variant which is priced at Rs 9,999.
In a disappointing start, Chinese smartphone maker Xiaomi's shares nose dropped nearly five per cent after the company debut its IPO at the Hong Kong Exchange at bottom end of its target range.
Samsung is expected to post its smallest profit growth in more than a year in Q2, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business.