China Zheshang Bank Plans $1 Billion IPO in Hong Kong
China Zheshang Bank Co. is planning to raise around $1 billion
from a Hong Kong initial public offering as early as the fourth
quarter, people familiar with the matter said, despite the threat
to the bank's earnings from weakening economic conditions.
(published 0513 GMT)
Alibaba Health Full-Year Loss HK$101.5 Million
Alibaba Health Information Technology Ltd. said its full-year
loss widened from a year earlier, due to higher expenses.
(published 0507 GMT)
China's Xiaomi Sells 34.7 Million Smartphones in First Half
Chinese smartphone maker Xiaomi Corp. showed signs of slowing
growth Thursday, as it announced smartphone sales of 34.7 million
units in the first half of the year, less than half its full-year
target. (published 0457 GMT)
China Huarong Adds CICC to Advise on Hong Kong IPO
China Huarong Asset Management Co., one of the country's largest
buyers of bad loans, has hired an additional bank to advise on an
initial public offering of up to $3 billion, people familiar with
the deal said. (published 0434 GMT)
Proxy Advisory Firm Recommends Shareholders Reject Samsung Merger -- Update
Proxy-advisory firm Glass Lewis & Co. recommended that
Samsung C&T Corp. shareholders reject a proposed merger with
the Samsung conglomerate's de facto holding company, Cheil
Industries Inc., complicating an attempt by Samsung's controlling
family to restructure its empire. (published 0400 GMT)
CAR Inc. to Invest in a Chinese Chauffeured Car Operator
CAR Inc. agreed to invest in a Chinese chauffeured car operator
for $125 million, as it seeks to tap the nation's growing demand
for chauffeured car services. (published 0229 GMT)
Dawnrays Pharmaceutical Expects 1H Profit to Rise by Around 50% From Year Earlier
Dawnrays Pharmaceutical Ltd. said Thursday its first-half profit
is expected to rise by around 50% from a year earlier. (published
0453 GMT)
Facebook to Share Ad Revenue With Video Creators
Facebook Inc. users watch videos four billion times a day across
the social network. Now, Facebook is getting serious about making
money from that vast audience. (published 0238 GMT)
Trans-Asia Unit Expects Palawan Oil Drilling to Start in August
Otto Energy Investments Ltd. has engaged the services of a
drillship and expects to start drilling in an offshore prospect in
Palawan, listed Trans-Asia Petroleum Corp. said Thursday, quoting a
notice from one if its wholly-owned subsidiaries. (published 0310
GMT)
First Pacific Names Christopher Young as CFO
First Pacific Co. has appointed Christopher Young as chief
financial officer, with immediate effect. (published 0450 GMT)
New Zealand's Restaurant Brands Upbeat as Sales Improve
WELLINGTON, New Zealand---Restaurant Brands New Zealand Ltd., a
fact food chain operator, is upbeat on the current financial year
as sales trends have improved into the second quarter. (published
0227 GMT)
Ascott Residence Trust Buys Hotel in New York for US$163.5 Million
Ascott Residence Trust Thursday said it is buying a hotel
property in New York for US$163.5 million. (published 0143 GMT)