China Denounces Taiwan Arms Sales and US Hong Kong Sanctions
China on Tuesday lashed out at the U.
Chinese online trading giant Alibaba could receive about $ 11 billion from its listing on the Hong Kong Stock Exchange - the largest stock offering in the city since 2010, according to global agencies.
The company confirmed that it has priced 500 million new shares at HK$176 ($ 22.50; $ 20:30) each in a statement on Wednesday. This is 2.9 percent below the closing price in New York last night and is 6 percent below the preliminary price announced last week, BTA reports.
The firm is planning to have its shares start trading November 26 on the Hong Kong exchange under the ticker 9988. Eight is an auspicious number in Chinese culture, Al Jazeera reported.
The mega share sale of the stock, defined as the world's largest cross-border secondary listing, is seen as a boost for Hong Kong, which recently entered its first recession in a decade because of five-month protests and growing anti-China sentiment.
This will be Hong Kong's largest stock sale for over nine year
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The Bulgarian Small and Medium Enterprises Promotion Agency (BSMEPA), together with the Bulgarian-Ukrainian Chamber of Industry and the support of the Bulgarian Chamber of Commerce and Industry
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
The economic landscape of the country is experiencing a dynamic shift as new hotels, restaurants, and technology startups emerge at an unprecedented rate
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
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