Distinctive Ideas
Pooling global perspectives, forging ahead with unique insights.
MBMC Observation: JPMorgan Chase China's reopening will boost Australia's economic growth by nearly 1%
Recently, Tom Kennedy, Chief Investment Strategist at JPMorgan Chase, said in a report that China's shift to reopening has had potential implications for Australia's economy:
MBMC Observation: 2022 HKEX IPO Review: 80 Companies Completed Their Listings, Raising HK$103.4 Billion
Affected by multiple factors, both the number of newly listed companies and the total fundraising volume on the Hong Kong stock market saw a decline in 2022. Nevertheless, the Hong Kong stock market still boasts several bright spots: the enthusiasm for listing among pharmaceutical enterprises remains undiminished, the trend of "Chinese concept stocks" returning to the market persists, a number of companies have completed dual primary listings on the Hong Kong Stock Exchange, and the special purpose acquisition company (SPAC) listing mechanism on the Hong Kong stock market got off to a steady start, among others.
MBMC Observation: U.S. Stock Market SPAC | Chinese materials technology company Xin Bo Xing Group Limited signed a merger and listing agreement with a SPAC
Recently, Redwoods Acquisition Corp. (NASDAQ ticker symbol: RWOD) announced in a Form 425 filing that it has signed a letter of intent with Xin Bo Xing, a materials technology company.
MBMC Observation: The last domestic enterprise among the TOP 10 ranked by power battery installed capacity has launched overseas listing
Recently, the official website of the China Securities Regulatory Commission (CSRC) disclosed that it has accepted the overseas listing application submitted by REPT Lanjun. This is the last domestic enterprise among the top 10 power battery makers in terms of vehicle-mounted battery installed capacity to officially launch its IPO process, following China Aviation Lithium Battery (CALB)'s listing on the Hong Kong Stock Exchange and Honeycomb Energy's IPO application being accepted.
MBMC: A sharp and brief economic recession is a foregone conclusion, and the IPO market is expected to recover in 2023!
The 2022 IPO market was deeply disappointing. A large number of IPOs were postponed, and coupled with concerns about an economic recession and high inflation, the total market capitalization of global stock exchanges saw nearly tens of billions of dollars evaporate.
MBMC Observation: East Money (300059) is considering an IPO listing on the SIX Swiss Exchange
East Money Information (300059.SZ) recently announced that it plans to issue global depositary receipts after obtaining approvals from relevant competent regulatory authorities both at home and abroad.
MBMC Observation: Fang Xinghai Expresses Support for All Types of Enterprises to List Overseas in Accordance with Laws and Regulations
"We will improve market interconnection mechanisms including the issuance of Global Depository Receipts (GDRs) and Chinese Depository Receipts (CDRs), promote the implementation of the reform of the enterprises' overseas listing system, and support all kinds of enterprises to go public overseas in accordance with laws and regulations." Recently, Fang Xinghai, Vice Chairman of the China Securities Regulatory Commission, made these remarks at the sub-forum themed "High-quality Opening-up of China's Capital Markets" of the 5th Hongqiao International Economic Forum.
MBMC Observation: Chinese packaging manufacturer Millennium Group has filed a $23 million IPO application
Hong Kong-based paper packaging manufacturer Millennium Group International Holdings recently filed an application with the U.S. Securities and Exchange Commission, planning to raise up to 23 million U.S. dollars via an initial public offering.
MBMC Observation: Yuan Xiaofeng, founder of 38 Fule, announced a $60 million IPO for his SPAC company
Recently, according to official news from Shaanxi Sanba Fule Technology Group, Kangyina Acquisition Company (SPAC), which was initiated and established by Yuan Xiaofeng, the founder of the group, announced on October 13 that it would make an initial public offering of 6 million units at a price of US$10.00 per unit. Each unit consists of one ordinary share and one right share.
MBMC News Flash: QMMM, from Hong Kong, successfully listed in the United States on July 19.
Recently, Hong Kong-based QMMM Holdings Limited (hereinafter referred to as QMMM) has successfully completed its IPO on the NASDAQ in the United States, with the stock ticker symbol QMMM. It confidentially submitted a filing with the SEC on June 23, 2022, and publicly disclosed its prospectus on October 6, 2023. QMMM issued 2.15 million shares at a price of $4 per share, raising total proceeds of $8.6 million.
MBMC Breaking News: HKEX CEO Alice Chan is currently handling 106 new listing applications, with a steady stream of companies preparing to list in Hong Kong.
Hong Kong Exchanges and Clearing Limited's Chief Executive Chen Yiting stated that recently, we are handling 106 new listing applications. Since the beginning of this year, 40 new stocks have been listed in Hong Kong, ranking third globally.
MBMC Flash Report: Anjoy Food is gearing up for a dual A+H listing, and is actively discussing matters related to its Hong Kong listing with intermediary institutions.
Anjoy Food (603345.SH) from Fujian Province recently released an announcement stating that the company held its 16th meeting of the 5th Board of Directors and 13th meeting of the 5th Board of Supervisors on November 29, 2024, and reviewed and approved motions including the Proposal on the Company Issuing H-shares and Listing on The Stock Exchange of Hong Kong Limited, the Proposal on the Listing Scheme for the Company's Issuance of H-shares and other relevant proposals. The company will fully consider the interests of existing shareholders and the situation of domestic and overseas capital markets, and select the appropriate timing and offering window to complete this issuance and listing within the validity period of the shareholders' general meeting resolution (i.e., 18 months from the date when the resolution is approved by the company's shareholders' general meeting or the period specified in the shareholders' resolution).