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Toymaker Bloks surges 82% in Hong Kong debut
Chinese toymaker taps ‘kidult’ craze as shares soar on Hong Kong debut
Shares in Bloks Group, a maker of Transformers and other toy figurines, as much as doubled on their Hong Kong debut on Friday, making a billionaire of their founder and underlining the surge in ‘kidult’ culture despite falling birth rates in the world’s second-largest economy.
Chinese toy maker Bloks jumps in Hong Kong debut
Shares of Chinese toy maker Bloks Group were set to open 81.6% higher from the initial public offering (IPO) price in Hong Kong debut on Friday. The stocks were set to open at HK$109.60 each in their debut as compared with an IPO price of HK$60.
Toymaker Bloks surges 82% in Hong Kong debut after sizzling IPO reception
Demand from Hong Kong retail investors was 6,000 times more than the amount of shares allocated to them, the second highest on record Shares of Chinese toymaker Bloks Group surged as much as 82 per cent in their Hong Kong market debut after its initial public offering (IPO) attracted huge demand from retail and institutional investors.
Sunac China shares plunge
Developer Sunac China gets liquidation petition, Hong Kong judiciary website shows
A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management,
Developer Sunac China Receives Liquidation Petition in Hong Kong
Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.
Sunac China Shares Fall Sharply After Receiving Winding-Up Petition
Shares of Chinese property developer Sunac China tumbled after the company received a winding up petition as the country continues to struggle with its property sector downturn. Shares fell 24% to 1.33 Hong Kong dollars, or equivalent of 17 U.S. cents, on Friday's afternoon trading.
Christianity Today
3h
In Hong Kong, One Pastor Ministers to a Gen Z Protester in Prison
Amid high rates of depression and anxiety among young people, Christian leaders boost efforts to address mental health ...
14h
China's Country Garden proposes deal to reduce offshore debt by $11.6 bln
Country Garden has proposed a deal to its offshore creditors that will cut its debt by $11.6 billion, paving the way for the ...
5h
IMF Turns Less Upbeat on Hong Kong Growth With 2025 Forecast Cut
The International Monetary Fund lowered its forecast for Hong Kong’s economic growth this year and warned of the risks Asia’s ...
1d
on MSN
China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan
The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize ...
International Monetary Fund
6h
People’s Republic of China—Hong Kong Special Administrative Region: Staff Concluding Statement of the 2024 Article IV Mission
Hong Kong SAR’s economy is on a path of gradual but uneven recovery after a protracted period of shocks. With continued economic slack and external and domestic headwinds, policies should be geared ...
2d
China HMPV Outbreak LIVE: India, Malaysia, Hong Kong Report Cases | Vantage with Palki Sharma
India, Malaysia, Hong Kong Report Cases | Vantage with Palki Sharma Five years after the world was ravaged by the pandemic, ...
3h
China's Central Bank Pauses Bond Purchases
China’s central bank has hit pause on government-bond purchases, citing excess demand. The People's Bank of China has already ...
6d
How to watch BANK OF CHINA HONG KONG TENNIS OPEN Saturday: TV coverage, streaming live, match times and more Jan. 4
Jaume Munar (No. 62 in world) will meet Alexandre Muller (No. 67) on January 4 at the BANK OF CHINA HONG KONG TENNIS OPEN, in ...
1d
on MSN
Chinese money rushes offshore via Hong Kong mutual funds
Chinese investors are buying up large amounts of Hong Kong mutual fund products that invest overseas, particularly bonds, ...
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