(Reuters) -JD Logistics will price its shares between $HK39.36 and $HK43.36 each as the company aims to raise up to $3.4 billion, according to the company's filings, in one of Hong Kong's largest share sales in 2021. The logistics offshoot of JD.com Inc will sell 609.1 million shares in the deal which is 10% of the company's total shares, the filings said. At that size, JD Logistics will be one of the biggest deals in Hong Kong this year following the Kuaishou Technology IPO in late January which raised $5.4 billion.
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HONG KONG Australian expatriate investment bankers are returning home in large numbers, lured by the launch of new boutique advisory firms, a sharp pick up in deal-making and the safety of a country relatively unscathed by the coronavirus pandemic.
Signs of a strong economic rebound from a brief pandemic- induced recession are underscoring a trend that is starting to reverse a long tradition of Australian bankers heading overseas to more tax-friendly global financial centers.
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By Reuters Staff
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BEIJING, May 13 (Reuters) - China’s snack maker Weilong Delicious Global Holdings has filed for a Hong Kong initial public offering (IPO), according to a stock exchange filing.
Weilong, founded in 1999 and based in Luohe city in the central Chinese province of Henan, makes popular spicy snacks made of soybeans and eggs. It also produces non-spicy snacks.
Weilong did not disclose the target fundraising size. It has raised 3.56 billion yuan ($551.7 million) before it filed for the IPO from investors including CPE, Hillhouse, Tencent and Yunfeng Capital. Last year it posted an annual profit of 819 million yuan.
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FILE PHOTO: A view of the exterior of the Citibank corporate headquarters in New York, New York, U.S. May 20, 2015. REUTERS/Mike Segar
HONG KONG (Reuters) - Citigroup has set a target to hire 1,000 wealth professionals in Hong Kong in the next five years, as it seeks to grow its Asian client assets under management by $150 billion following a record year, a statement from the U.S bank said.
The recruitment campaign has already started, with 75 private bankers and relationship managers hired so far in 2021 to build on the $310 billion Asian assets under management to date.
The headcount target will include 550 new private bankers and relationship managers by 2025, the statement said.
TOKYO/HONG KONG -Toshiba Corp s board is set to appoint UBS as financial adviser to work on a strategic review for the Japanese conglomerate as it faces a possible private equity bidding war, people.