IPO frenzy hits Hong Kong as handover nears
Article Abstract:
Hong Kong companies are scurrying to raise money in the stock market before the British colony returns to Chinese rule in 1997. Many are following the advise of their investment bankers to speed up preparations for initial public offerings (IPOs) before the Hong Kong Stock Exchange is destabilized by political difficulties. Seventeen companies have already raised $1.65 billion through IPOs in the first half of 1996 alone. Analysts fear that the flood of new issues will damp the stock market and draw cash away from it.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1996
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Decline of U.S. dollar rearranges landscape for Hong Kong companies trading with Japan
Article Abstract:
The continued decline of the US dollar against the Japanese yen has had a significant impact on Hong Kong companies trading with Japan. One of the beneficiaries of the yen's rise has been John Electric Holdings Ltd., which has become more attractive to Japanese importers because of its lower sales price. In contrast, Tome International Holdings Ltd. , which manufactures audio products, has seen its profit margins decline with the rise of the yen.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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H-shares of companies plagued by debt get cold shoulder from fund managers
Article Abstract:
Fund managers are snubbing the shares of Hong Kong-listed Chinese companies that are having difficulty collecting payments from cash-strapped state enterprises. Because of Beijing's clamp on credit, many mainland companies that sell to state enterprises have become plagued by debt. As a result, fund managers have started paying particularly close attention to the accounts receivable and inventory of Hong Kong-listed Chinese enterprises.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1995
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