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JP Morgan has appointed a new head of financial institutions group (FIG) investment banking coverage for Australia and New Zealand, according to an internal memo seen by GlobalCapital Asia on Monday. ....
By Rashmi Kumar 14 May 2021 BNP Paribas has created a new global banking division in Asia Pacific, a move that brings the structure of its business in the region in line with its international operations, GlobalCapital Asia has learnt. The global banking unit will house two new business lines: the corporate client group (CCG) and the capital markets group (CMG), which will sit alongside the transaction banking group. Philippe De Caraman will run CCG in Asia Pacific, while Thierry Olive will lead CMG, GlobalCapital Asia understands.De Caraman . Already a subscriber? Login ....
JD Logistics approved for IPO; spinoff could raise $4B JD.com spinoff invests heavily in automation technology 0 272 3 minutes read JD Logistics is approved for Hong Kong IPO listing. (Photo: Michael Vi/Shutterstock) JD Logistics, the logistics entity for Chinese e-commerce leader JD.com (NASDAQ:JD), was approved for an initial public offering (IPO) by the Hong Kong Stock Exchange. The spinoff could raise up to $4 billion, following the lead of its sibling spinoff, JD Health International (HKG:6618), which raised $3.9 billion in December. On Monday, the logistics unit began premarketing meetings led by UBS Financial with joint sponsors including Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Haitong International, according to a report by GlobalCapital Asia. JD.com currently owns 79.12% of JD Logistics and will likely own more than 50% of the entity after listing. ....
Share: JD Logistics, the logistics entity for Chinese e-commerce leader JD.com (NASDAQ: JD), was approved for an initial public offering (IPO) by the Hong Kong Stock Exchange. The spinoff could raise up to $4 billion, following the lead of its sibling spinoff, JD Health International (HKG:6618), which raised $3.9 billion in December. On Monday, the logistics unit began premarketing meetings led by UBS Financial with joint sponsors including Bank of America (NYSE: BAC), Goldman Sachs (NYSE: GS) and Haitong International, according to a report by GlobalCapital Asia. JD.com currently owns 79.12% of JD Logistics and will likely own more than 50% of the entity after listing. ....
By Pan Yue 08.00 AM Thai power company Gulf Energy Development Public Co is in talks with a large group of banks to support its jumbo acquisition of the telecommunication firm Intouch Holdings. Gulf Energy is looking for a bridge loan with tenor between one and 1.5 years with a size of around Bt17bn ($5.3bn) to support the acquisition, the company said in an emailed response to GlobalCapital Asia. Considering the large size, the power producer is in talks with . Already a subscriber? Login ....