Distinctive Ideas
Pooling global perspectives, forging ahead with unique insights.
MBMC Breaking News: Freetech, from Hangzhou, Zhejiang Province, is reportedly considering a Hong Kong listing.
According to GGAI Intelligent Automotive, a source familiar with the matter revealed that Freetech Intelligent Systems Co., Ltd. (Freetech), based in Hangzhou, Zhejiang Province, is also in the final sprint of submitting application materials for a Hong Kong stock IPO.
MBMC Breaking News: Trip.com Group plans to issue convertible senior notes to raise $1.3 billion
Trip.com Group (09961.HK) recently announced that it plans to issue convertible senior notes with a total principal amount of $1.3 billion, maturing in 2029.
MBMC News Flash: ByteDance appoints John Rogovin as Global General Counsel, who previously worked at Warner and the U.S. Department of Justice, among other institutions.
TikTok's parent company ByteDance announced that it has appointed John Rogovin, a former executive of Warner Bros. Discovery (WBD), as its new global general counsel.
MBMC Flash Report: Yisou Technology has launched its IPO subscription, and is expected to list in Hong Kong on June 7, with Bank of China International as its sole sponsor.
Yisou Technology (02550.HK) recently launched its public offering for subscription. It is expected to be listed on the Hong Kong Stock Exchange on June 7, 2024, with BOC International as the sole sponsor.
MBMC News Flash: The New York Stock Exchange (NYSE) will switch to the T+1 settlement cycle starting from May 28.
The New York Stock Exchange (NYSE) recently announced that it will switch to the T+1 settlement mode starting from May 28, and this mode has been approved by the U.S. Securities and Exchange Commission (SEC).
MBMC Quick Report: The China Securities Regulatory Commission (CSRC) has issued feedback opinions on the Hong Kong listing filing of Quanpin Education, focusing on foreign investment access, off-campus subject-based training and other relevant matters.
Quanpin Education, the fifth largest independent supplementary teaching material book planner and distributor in China, recently submitted a prospectus to the Hong Kong Stock Exchange, with plans to list in Hong Kong. On May 8, the China Securities Regulatory Commission (CSRC) accepted its listing filing application. The International Department of the CSRC has issued a request for supplementary materials to Quanpin Education.
MBMC News Flash: Quzhi Group has initiated its IPO subscription, which is expected to be listed in Hong Kong on May 27. It has introduced Golden Rich Finance as a cornerstone investor, with Haitong as the sole sponsor.
Quzhi Group (00917.HK) recently launched its IPO, and is expected to be listed on the Hong Kong Stock Exchange on May 27, 2024, with Haitong International as the sole sponsor.
MBMC Express: Armlogi, which provides overseas warehousing services for cross-border e-commerce, has successfully landed on the NASDAQ.
Irvine, California, May 14, 2024 — Armlogi Holding Corp. (hereinafter referred to as "Armlogi") (NASDAQ: BTOC) carried out its initial public offering on the NASDAQ Stock Exchange. Armlogi offered 1,600,000 shares at a public offering price of $5.00 per share, raising $8,000,000 through the public offering.
MBMC News Flash: Fosun's Portugal Bright Medical Group is advancing its IPO, aiming to raise 100 million euros.
Fosun International (00656.HK)’s subsidiary Luz Saúde, S.A. (Portugal Luz Healthcare Group) is advancing its planned IPO listing in Lisbon, with an expected fundraising of 100 million euros.
MBMC News Flash: Overview of the U.S. stock IPO market in Q1 2024
In the first quarter of 2024, Chinese enterprises completed a total of 51 IPO listings across global markets (for the A-share market, the data is based on the online issuance date; for the Hong Kong and U.S. stock markets, it is based on the initial public offering date, the same below). Breaking down the data by market, the A-share market saw 23 companies complete IPOs, raising a total of 22.368 billion yuan; the Hong Kong stock market saw 12 companies complete IPOs, raising a total of 4.73 billion Hong Kong dollars; the U.S. stock market saw 30 companies complete IPOs, raising a total of 7.8 billion U.S. dollars. According to the data, the first two markets saw a significant year-on-year decline, while the last market saw a significant year-on-year growth.
MBMC Quick Update: Belle Fashion has additionally appointed UBS and China International Capital Corporation (CICC) as the overall coordinators for its Hong Kong IPO.
https://www1.hkexnews.hk/app/sehk/2024/106275/documents/sehk24031501299_c.pdf Recently, Belle Fashion Group (referred to as "Belle Fashion" for short) announced that it has further appointed UBS AG Hong Kong Branch and China International Capital Corporation Hong Kong Securities Limited as its overall coordinators on March 14 and March 16 respectively.
MBMC Quick Update: Yida Cloud has filed its prospectus for a proposed Hong Kong IPO, with China Merchants International as the sole sponsor.
Recently, Eda Cloud Technology Holdings Limited (hereinafter referred to as "Eda Cloud"), based in Shenzhen, Guangdong, submitted a prospectus to the Hong Kong Stock Exchange (HKEX) for an intended initial public offering (IPO) on the Hong Kong Main Board. This is its re-submitted application after its previous listing submission lapsed on June 26, 2023. Eda Cloud obtained the overseas listing filing notice from the China Securities Regulatory Commission (CSRC) on December 21, 2023.