Jonathan Breen News Today

A HOMELESS Carlisle man who wanted to be jailed because he feared sleeping rough deliberately torched an empty property to ensure he was arrested.

A HOMELESS Carlisle man who was desperate to have shelter set fire to his suitcase so the police would arrest him.

China Must Boost Demand and Deepen Supply-Side Reform, Liu He Says -The country needs to pursue a strategy that combines both efforts to meet changing conditions at home and abroad, vice premier says

By Jonathan Breen 06.30 AM The US regulator’s demand for more disclosures from Chinese companies planning New York listings may be a death knell for the flow of IPOs between the two markets — but it could go a long way towards offering investors some much-needed transparency. Already a subscriber? Login

By Jonathan Breen 19 Jul 2021 South Korea’s Kakao Pay is revising the prospectus for its up to W1.63tr ($1.42bn) listing after the country’s securities regulator requested it to add more information to the documents, in the latest sign of an increasingly heavy-handed approach to the IPO market. Already a subscriber? Login

Property developer C&D International Investment Group has raised HK$942.5m ($121.5m) from a top-up placement to expand its land reserves.

By Jonathan Breen 11.15 AM Asia’s equity-linked market has had a roaring year so far, with MicroPort Scientific Corp becoming the latest to add to the supply with its $700m debut convertible bond this week. The momentum is unlikely to fade anytime soon, as more issuers look for cheap money and get comfortable with the asset class, say bankers. Jonathan Breen reports. Already a subscriber? Login

By Jonathan Breen 07.45 AM Medical device maker MicroPort Scientific Corp has made its first visit to the equity-linked market, raising $700m from convertible bonds. A recent rally in the Hong Kong-listed issuers share price meant it had to assuage price-sensitive investors, but still ended up seeing strong support for its deal. The Chinese company hit the market on Tuesday, following a more than 20% surge in its stock price within the past week. It came selling a zero coupon five non-put three...

China’s Full Truck Alliance (FTA), an Uber-like service for trucks, is planning an IPO on the New York Stock Exchange, having filed a prospectus with the US regulator.

By Jonathan Breen 27 May 2021 Kintor Pharmaceutical raised HK$1.17bn ($151m) on Wednesday from a top-up share placement, while a co-founder simultaneously trimmed his stake in the company. After trading ended in Hong Kong, sole global co-ordinator UBS ran a short bookbuild for the top-up and sell-down. CMB International was co-lead manager.Kintor was offering 18.2m shares at HK$64.00 to HK$65.00 apiece, said a source familiar with the matter. Co-founder Chuangxin Guo put 3.7m of his ... ...