Kong based private equity firm LionRock Capital is set to acquire a majority stake in troubled shoemaker Clarks against its investment.
£100m rescue deal for Clarks will see Hong Kong firm take control
Footwear retailer Clarks has been rescued with a £100m investment by a Hong Kong private equity firm – in a deal that will also involve a restructuring of its UK and Ireland store network.
Hong Kong-listed company investigated over HK$95 million gold scam as police arrest six and launch hunt for major shareholder
Police have arrested six people and are hunting four other suspects, including a major shareholder in a Hong Kong-listed company, in connection with a HK$95 million gold scam, the force said on …
Cyberport sees RegTech’s potential to become a rising industry star during Hong Kong FinTech Week
Eric Chan, Cyberport’s Chief Public Mission Officer, believes that RegTech development has become more vibrant in recent years, and that Hong Kong is well positioned to become a market leader in the …
Ant Group: China’s fintech flyer grounded by regulators
Set for a record-busting $34 billion IPO in Hong Kong and Shanghai, Ant Group has had its wings summarily clipped by Chinese regulators.
Market debut of Chinese e-finance giant Ant Group postponed
The planned stock market debut of the world’s biggest online finance company, Ant Group, was suspended in Shanghai and Hong Kong on Tuesday, disrupting a record-setting $34.5 billion initial public …
Hong Kong Police Arrest Documentary Producer Over Mob Attack Program
Police in Hong Kong arrested a producer Tuesday who made a documentary for government broadcaster RTHK about a July 21, 2019, mob attack on train passengers in Yuen Long. Bao Choy, who worked on an …
Hong Kong and Shanghai suspends Ant Group’s record $34.5 billion IPO
Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong has been suspended. CNBC’s David Faber and Eunice Yoon report.
Alibaba Drops After China Suspends IPO of Finance Affiliate Ant
Alibaba Group Holding Ltd.’s U.S.-traded shares tumbled as much as 9.7% Tuesday after Ant Group Co., the finance affiliate also founded by Jack Ma, said its listings in both Shanghai and Hong Kong …
Beijing vows to ‘prevent and curb’ external forces from meddling with Hong Kong and Macau affairs as Communist Party proposals unveiled
Under a proposal unveiled by the Communist Party, the central government would also support Hong Kong and Macau in reinforcing their competitive advantages.