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HK stocks rise on energy boost, though Sino-West tensions weigh Reuters 2 hrs ago HSI +0.8%, HSCE +0.3%, CSI300 -1.2% FTSE China A50 -1.3% May 6 (Reuters) - Hong Kong stocks eked out gains on Thursday, helped by energy firms, though the upmove was capped by tensions between China and the West. At the close of trade, the Hang Seng index was up 219.48 points, or 0.77%, at 28,637.46. The Hang Seng China Enterprises index rose 0.32% to 10,756.37. The sub-index of the Hang Seng tracking energy shares rose 2.4%, while the IT sector climbed 0.26%, the financial sector ended 0.88% higher which the property sector closed 0.35% firmer. The top gainer on the Hang Seng was Budweiser Brewing Company APAC Ltd, which gained 4.94%, while the biggest loser was Haidilao International Holding Ltd, which fell 7.4%. ....
Coca-Cola African bottling subsidiary plans IPO Published by: Sandy Bhadare at 04/05/2021 The Coca-Cola Company and its African bottling subsidiary, Coca-Cola Beverages Africa, have announced pla. The Coca-Cola Company and its African bottling subsidiary, Coca-Cola Beverages Africa, have announced plans to list the African bottler in Amsterdam and Johannesburg in the next 18 months. The Coca-Cola Company, which is already publicly listed on the New York Stock Exchange, plans to list subsidiary Coca-Cola Beverages Africa (CCBA), one of the largest Coca-Cola bottling companies in South Africa, selling its shares in the company in the process. CCBA was formed in 2016 via a merger between the bottling operations of Coca-Cola and beverage company SABMiller, which itself ....
Hong Kong shares close higher with energy firms leading gains on higher oil prices Reuters 2/9/2021 Popular Searches China reports zero locally transmitted infections for a second day BEIJING, Feb 9 (Reuters) - Hong Kong shares ended higher on Tuesday with energy stocks leading gains, following rising oil prices as investors were reassured by a quicker economic recovery. At the close of trade, the Hang Seng index was up 156.72 points, or 0.53%, at 29,476.19. The Hang Seng China Enterprises index rose 0.37% to 11,602.76. The sub-index of the Hang Seng tracking energy shares rose 2.7%, while the IT sector rose 0.82%. The financial sector ended 0.48% higher and the property sector dipped 0.39%. The top gainer on the Hang Seng was Budweiser Brewing Company APAC Ltd, which rose 4.72%, while the biggest loser was Techtronic Industries Co Ltd, which fell 2.85%. ....
2 Min Read HONG KONG (Reuters) - Chinese online short video company Kuaishou will open the books for its Hong Kong initial public offering (IPO) next Monday to raise at least $5 billion in a deal that could value the company at about $60 billion, according to two sources with direct knowledge of the matter. Analysts from the investment banks working on the deal started briefing potential investors on Monday as part of the pre-marketing roadshow, the people said, declining to be named as the information is not public yet. Kuaishou, which is backed by Tencent Holdings Ltd, did not immediately respond to a request for comment. ....