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Under Biden, China faces renewed trade pressure

Foreign investors withdrew RM288 2m net local equities last week — Bank Islam

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.

Telecom firms urge NYSE to review delisting plan

Chinese vaping firm RLX raises US$1 4b in US IPO — source

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 raises $1 4b in US IPO

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. Continue reading this story with a subscription to DealStreetAsia. Contact us for corporate subscriptions at subs@dealstreetasia.com. Sign up for our newsletter - The Daily Brief Opt out of receiving The Daily Brief in your inbox everyday REGISTER stories left placeholder You have one free story left this month. You have stories left placeholder free stories left this month.

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