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Evergrande fears hit Hong Kong stocks
taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.
Abu Dhabi s VPS Healthcare owned RPM is latest listing on ADX s Second Market
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Apr 08 2021, 4:38 PM
April 08 2021, 1:30 AM
April 08 2021, 4:38 PM
(Bloomberg)
(Bloomberg)
By most standards, the recent performance of International Holdings Co. PJSC has been an investorâs dream.
Shares in the Abu Dhabi-based group have jumped more than 70% since March 22 in an uninterrupted 13-day winning streak thatâs propelled the companyâs value past the $40 billion mark for the first time, higher even than the United Arab Emiratesâ biggest bank.
Yet IHC, which enjoys the backing of Abu Dhabiâs ruling family and has investments ranging from Elon Muskâs SpaceX to a local fishery company, isnât for the timid. All but a fraction of the shares are concentrated among Emiratis, not a single analyst covers the company and few observers want to guess at whatâs behind the ballooning share price.
Mubadala seizes on 144% stock rally to sell stake in Aldar Properties
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Mubadala sold a 12 per cent stake in Aldar to Alpha Dhabi Holding
April 1, 2021
Abu Dhabi wealth fund Mubadala Investment Co. sold a $950m stake in Aldar Properties, cashing in on a surge in the developer’s shares after it was awarded contracts worth billions of dollars.
Mubadala, the $232bn sovereign wealth fund, sold a 12 per cent stake in Aldar to Alpha Dhabi Holding, a name little known to investors. Mubadala will remain the largest shareholder in the company, which is the biggest developer in the United Arab Emirates, with a 25 per cent stake.
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