Temasek subsidiary's deal comes at a time of booming demand for warehouses and logistics infrastructure in China and SE Asia as the pandemic spurs e-commerce
The company is selling 16 million shares, which represents 7.7% of its enlarged share capital, as part of a December 2 IPO. It submitted plans to the Hong Kong Exchange on Tuesday.
Disappointment over IPO pricing, suspension of the Reliance-Saudi Aramco deal and steady selling by foreign investors were some of the factors that spurred Monday's selloff
Surging numbers of the virus in Europe and the threatened return of more lockdowns weighed on traders already worried about rising prices
The CSI300 index rose 0.5% in the morning session, while the Shanghai Composite Index gained 0.7%. The Hang Seng index dropped 0.4%.
The insurance behemoth is planning an initial share sale by March and in talks with multiple foreign investors to join as anchor investors
Embattled developer's electric vehicle unit said it would issue about 900 million shares. That would see its total holdings in the unit drop to 58.5% after the fundraising.
India’s fast-rising Russian oil imports are being matched by its rising oil exports suggesting it may be reselling Russia’s oil to the West.
US tech giant Apple told its Taiwan suppliers that products moving to China must be labelled to state that the island is a part of China and not an independent nation
Despite a moribund British economy and heavy corporate tax, Indian-owned tech firms are growing in the UK.
The Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.