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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 issuer's 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 year convertible bond.CICC and JP Morgan first tested investor appetite for MicroPort on Tuesday m...

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 ... Already a subscriber? Login