Foreign investors withdrew RM288.2 million net of local equities during the third week of 2021, compared with the RM326.1 million acquired in the preceding week. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the week started on a rather sluggish note as international investors sold RM57.2 million net of local equities last Monday, snapping the seven-day buying streak on Bursa Malaysia.
Leading Chinese telecom operators are seeking to protect their lawful rights by requesting the New York Stock Exchange to review the bourse's decision to delist them.
NEW YORK/MIAMI (Jan 21): Chinese vaping firm RLX Technology Inc sold shares in its U.S. initial public offering (IPO) on Thursday at $12 a piece, above its target range, to raise $1.4 billion, according to a person familiar with the matter.
The IPO values Beijing-based RLX at $18.6 billion. The company had set an initial target price range of $8-$10 per share for a sale of around 116.5 million shares. RLX did not respond to a request for comment.
RLX s share offering comes as Chinese listings face increased scrutiny from the U.S. government. Former President Donald Trump signed legislation last month that would kick Chinese companies that do not adhere to American auditing standards off U.S. stock exchanges. Trump also signed an executive order in November banning U.S. investment in companies deemed to have ties to the Chinese military.
Chinese vaping firm RLX valued at $35b as shares surge in US stock market debut
Photo : FORMM agency / Unsplash Premium
American depositary shares of RLX Technology Inc jumped 86% in their US stock market debut on Friday, giving the Chinese vaping firm a market capitalization of nearly $35 billion.
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