Chinese Brokerage Plans to Offer $148m Worth of Shares in Hong Kong

[kreslik.news]

Chinese brokerage Orient Securities Co is aiming at a Hong Kong listing next Monday and plans to raise close to $148 million (HK$1.15 billion). The offering is the first this year after the market was shattered in the beginning of January amid uncertainty over the state of the Chinese economy.

With credit risks rising, the flow of companies in the region that are listing in 2016 has materially declined after the stock market slump in the beginning of the year. With the stock market decline fueled by trimming of positions on part of stock brokers which raised the mind blowing ... (read more)