Porsche debuts with $72 bln price tag in bumper IPO

Porsche debuts with  bln price tag in bumper IPO

FRANKFURT, Sept 29 (Reuters) – Porsche AG made its debut on the stock market on Thursday, with a price tag of about 75 billion euros ($72.45 billion) after Volkswagen (VOWG_p.DE) priced shares at the top end of the range, braving turbulent market conditions. The bumper flotation, expected to generate around 19.5 billion euros ($19.0 billion), … Read more

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

NYSE delistings signal Beijing may be willing to compromise on U.S. audit dispute -analysts

A trader enters the floor of the New York Stock Exchange (NYSE) in New York City, U.S. June 14, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register HONG KONG, Aug 15 (Reuters) – The move to delist five Chinese state-owned enterprises (SOEs) from the New York Stock Exchange (NYSE) signals Beijing … Read more

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

Five Chinese state-owned companies to delist from NYSE amid U.S. tensions

SHANGHAI/HONG KONG, Aug 12 (Reuters) – Five Chinese state-owned companies, including oil giant Sinopec (600028.SS) and China Life Insurance (601628.SS), said on Friday they would delist from the New York Stock Exchange, amid economic and diplomatic tensions with the United States. The companies, which also include Aluminium Corporation of China (Chalco) (601600.SS), PetroChina (601857.SS) and … Read more

China’s Alibaba strives to keep New York listing amid audit dispute

China’s Alibaba strives to keep New York listing amid audit dispute

The logo Alibaba Group for is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., Aug. 3, 2021. REUTERS/Andrew Kelly/File Photo Register now for FREE unlimited access to Reuters.com Register Aug 1 (Reuters) – Alibaba Group Holding Ltd (9988.HK) on Monday said it would work to maintain … Read more

U.S. SEC adds Alibaba to list of Chinese companies facing delisting risk

U.S. SEC adds Alibaba to list of Chinese companies facing delisting risk

July 29 (Reuters) – Alibaba Group Holding Ltd (9988.HK), is among a list of Chinese companies that could face delisting, the U.S. Securities and Exchange Commission said on Friday, pushing the e-commerce giant’s shares down about 9% in mid-day trading. Alibaba is among more than 270 Chinese companies listed in New York identified as being … Read more

China’s Alibaba to apply for dual primary listing in Hong Kong

China’s Alibaba to apply for dual primary listing in Hong Kong

A man walks past the Alibaba Group office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang Register now for FREE unlimited access to Reuters.com Register Expects to add HK primary listing by end-2022, keep NYSE listing Hong Kong shares jump 5%; move will diversify investor base -CEO Seen boosting mainland China investor access to … Read more

SEC adds China’s JD.com to list of over 80 firms facing delisting risk

SEC adds China’s JD.com to list of over 80 firms facing delisting risk

May 5 (Reuters) – The U.S. Securities and Exchange Commission (SEC) added over 80 firms, including China’s JD.com (9618.HK), to a list of entities facing possible expulsion from American exchanges amid a long-running auditing standoff between the United States and China. On Wednesday, the SEC expanded the list on a provisional lineup under a 2020 … Read more

Vietnam’s Vinfast will build 2 billion. USD electric car factory in USA

Vietnam’s Vinfast will build 2 billion.  USD electric car factory in USA

HANOI / SAN FRANCISCO, March 29 (Reuters) – Vietnam carmaker VinFast said on Tuesday it had signed a preliminary agreement to initially invest $ 2 billion in building a plant in North Carolina to manufacture electric buses, sports vehicles (SUVs) along with batteries for electric cars. The entity in Vietnam’s largest conglomerate Vingroup (VIC.HM), said … Read more