Distinctive Ideas
Pooling global perspectives, forging ahead with unique insights.
MBMC News Flash: J&T Express's public offering was subscribed 1.36 times, and it is listed in Hong Kong.
J&T Express-W (01519.HK) has issued an announcement stating that based on the offer price of HK$12.0 per offered share, the estimated net proceeds from this IPO will be approximately HK$3.528 billion. The one-lot allocation success rate is 100%, with 200 shares per lot, and the Class B shares are expected to be listed in the near future.
MBMC Breaking News: Veteran private equity firm CVC is set to finalize its listing plan, and is poised to become the largest IPO in Europe this year.
According to media reports, the world-famous veteran private equity firm CVC Capital Partners is preparing to launch an IPO, with its listing to take place in Amsterdam, the Netherlands. It is expected to become the largest IPO in Europe this year and one of the largest ever IPOs of private equity firms in the region.
MBMC Breaking News: Richard Li-backed SPAC completes merger with its investee firm, set to list tonight.
Richard Li's SPAC Bridgetown Holdings Limited has recently completed its business combination with MoneyHero Group, and plans to list on the Nasdaq tonight (local time October 13), with the stock ticker: MNY.
MBMC News Flash: Gansu offers a maximum reward of 10 million yuan to fully support and promote the listing of enterprises.
Furthermore, for enterprises that complete their initial public offerings (IPOs) on the domestic main board, ChiNext, the STAR Market and the Beijing Stock Exchange, they will be granted an amount equivalent to their actual listing costs as a reward, with a maximum cap of 10 million yuan.
MBMC Flash Report: China Securities Regulatory Commission promotes eligible "platform enterprises" to list both domestically and overseas
Recently, Wang Jianjun, Vice Chairman of the China Securities Regulatory Commission (CSRC), stated at the work promotion conference on financial support for the development of private enterprises that going forward, the CSRC will thoroughly implement the major decision-making arrangements of the CPC Central Committee and the State Council, and ensure that all tasks concerning capital market support for private enterprises are fully implemented and effectively delivered.
MBMC Flash News: U.S. stocks closed higher across the board, and Chinese concept stocks surged collectively
Recently, the three major U.S. stock indexes closed higher across the board. The Dow Jones Industrial Average rose 0.85% to settle at 34,852.67 points; the S&P 500 index gained 1.45% to 4,497.63 points; the Nasdaq Composite climbed 1.74% to 13,943.76 points.
MBMC Flash Report: The China Securities Regulatory Commission will continue to smooth the channels for enterprises to list overseas
Recently, when responding to reporters' questions on revitalizing the capital markets and boosting investor confidence, a relevant official from the China Securities Regulatory Commission (CSRC) stated that since the implementation of the new regulations on overseas listing filing, enterprises have been actively submitting filing materials, and the number of applicants has increased significantly. The CSRC has continuously improved the compliance standards and requirements for filing, strengthened regulatory communication and coordination between domestic and overseas authorities, and solidly advanced the filing work. Up to now, a total of 19 enterprises of various types have completed overseas listing filing procedures for going public in Hong Kong and the United States.
MBMC Flash Report: Shanghai Stock Exchange clarifies the conditions to be met for overseas issuance and listing of Global Depository Receipts (GDRs)
Recently, the Shanghai Stock Exchange released the Interim Measures for the Listing and Trading of Mutual Market Access Depositary Receipts between the Shanghai Stock Exchange and Overseas Stock Exchanges (Revised 2023) (hereinafter referred to as the "Interim Measures"), which shall come into force as of the date of issuance.
MBMC News Flash: The world's largest meat processing supplier is preparing for an IPO in the United States.
JBS Foods' parent company, headquartered in Brazil, announced on Wednesday this week that it plans to conduct a dual listing in São Paulo, Brazil and New York, the United States, to unlock shareholder value and raise awareness of its global influence.
MBMC Breaking News: Why is Singaporean auto parts distributor SAG targeting a Nasdaq listing?
SAG Holdings Limited (abbreviated as SAG) is a Singapore-headquartered automotive parts distributor. Its core business is distributing original equipment and aftermarket parts for automotive and non-automotive combustion engines across Asia and the Middle East.
MBMC Express News: Two Beijing-based enterprises, Youbao Online and Fourth Paradigm, have obtained the "filing notice" for their listing in Hong Kong
According to recent news from the China Securities Regulatory Commission (CSRC), the regulator has confirmed the filing information regarding the overseas issuance and listing of Yobest Online and Fourth Paradigm, as well as the "full circulation" of their unlisted domestic shares.
MBMC News Flash: Hong Kong Securities and Futures Commission: The average listing approval time for each Hong Kong IPO is approximately 123 working days.
Hong Kong Securities and Futures Commission recently released the "2022-23 Annual Report" (April 2022 to March 2023).