Latest news with #HKEX
South China Morning Post
10 hours ago
- Business
- South China Morning Post
Hong Kong's finance minister urges HKEX to ‘internationalise' and gear up for next phase
Hong Kong's finance minister has urged the city's bourse operator to take steps to make it more attractive for overseas companies to list and introduce new products for trading digital assets. Speaking at a ceremony on Friday to mark 25 years of Hong Kong Exchanges and Clearing (HKEX) as a listed company, Financial Secretary Paul Chan Mo-po said he also wanted the exchange to be technically prepared to become the first bourse in the region to shorten the transaction settlement time to one day – T+1. 'The transformation of HKEX reflects the extraordinary rise of our country and Hong Kong over the past quarter of a century, underlining our pivotal role in supporting the opening-up of the mainland's financial markets,' Chan told hundreds of attendants at the HKEX Connect Hall, which was the exchange's trading floor until 2017. Looking ahead, Chan said the HKEX needs to 'internationalise', pointing out that 60 per cent of the 2,600 listed companies were from the mainland and accounted for 80 per cent of the market capitalisation. HKEX chairman Carlson Tong (left) and Financial Secretary Paul Chan strike a gong to officially launch the celebrations to mark the exchange's 25th anniversary on Friday. Photo: Elson Li 'Amid growing geopolitical challenges, Hong Kong has become a safe harbour for international investors seeking to diversify their portfolios,' he said. 'HKEX can also emerge as a preferred listing platform for companies from Asean, the Middle East and other regions, especially those that find it challenging to access capital markets in the US or Europe.'
The Sun
15 hours ago
- Business
- The Sun
Easou Technology Holdings Limited Enters into Agreement to Raise Over HKD 180 Million Through Share Placement
HONG KONG SAR - Media OutReach Newswire - 20 June 2025 - Easou Technology Holdings Limited （'Easou' or the 'Company,' together with its subsidiaries, collectively referred to as the 'Group'; HKEX stock code: 2550）a leading AI-powered search and recommendation technology company, is pleased to announce that it has entered into a placing agreement with Growth Value LTD to raise approximately HKD 183.5 million through the placement of 57,330,000 new shares (the 'Placing Shares') at a placing price of HKD 3.2 per share (the 'Placing'). The Company presently intends to use the net proceeds from the Placing to fund: the research and development of its AI recommendation engine and artificial intelligence-generated content (AIGC), enabling new application scenarios across various entertainment verticals. Proceeds will support the expansion of its online gaming and short drama content in overseas markets, as well as the ongoing upgrades and development of its intelligent advertising platforms. This transaction will strengthen Easou's capital base and enhance its financial position and net assets base for long-term development and growth. The funds raised will enhance the Group's research and development capabilities, reinforce its technological edge, support its positioning as a third-party online reading platform, and accelerate the expansion of its digital marketing services and international business. In a demonstration of confidence in the Company's future, Mr. Wang Xi, Executive Director, Chairman, and CEO of Easou, has voluntarily committed not to sell any of his shares for 75 days from the date of the agreement. Mr. Wang Xi commented: 'This fundraising marks a pivotal step in the Group's strategy to build its AI+ content ecosystem. By prioritizing investment in the research and development of AI recommendation engines and AIGC technologies, we are empowering the growth of our digital marketing services while accelerating the rollout of high-potential content formats such as short dramas and online games. At the same time, our overseas expansion strategy is aimed at capturing the vast opportunities presented by the global AI market. This transaction will significantly enhance Easou's capital base and investor foundation, further strengthening our leadership in the rapidly evolving AI era.'
South China Morning Post
2 days ago
- Business
- South China Morning Post
HKEX displays iconic gong across Hong Kong to mark 25 years as listed entity
Hong Kong Exchanges and Clearing (HKEX), operator of Asia's third-largest stock market, is taking its iconic gong on a tour of the city over the next two weeks to commemorate 25 years as a listed company. The exchange operator will display the gong, used for listing ceremonies, on a truck alongside a first-generation trading booth at nine locations from Friday until July 3. The HKEX completes a quarter century as a listed entity on June 27. The public can view the display at tourist spots like the Hong Kong Observation Wheel in Central, West Kowloon, and Wan Chai, as well as residential areas such as Quarry Bay, Sha Tin and Tseung Kwan O. 'The gong is used for every listing ceremony and all important events,' said Bonnie Chan Yiting, CEO of HKEX, at the launch of the gong's tour at the Central Harbour Front on Thursday. 'To me, the gong not only represents listed companies, the HKEX and the capital market, but also Hong Kong – an international financial centre.' The HKEX is taking its iconic gong on a tour of Hong Kong over the next two weeks. Photo: Edmond So The city's stock market, which traces its roots to 1891, has always had a listing ceremony, with executives raising a toast to mark a company's debut. However, the first gong-striking ceremony was held on December 7, 2011, to mark the start of trading of gaming operator Melco Crown Entertainment.
South China Morning Post
2 days ago
- Business
- South China Morning Post
Former Hong Kong exchange CEO Charles Li aims to list start-up in small-firm financing
Charles Li Xiaojia, the former CEO of Hong Kong's stock-exchange operator, aims to return to the bourse he once ran – as the head of a listed company. Advertisement Micro Connect International Finance Company, an investment company set up in May, applied on Wednesday to list under the exchange's Chapter 21 listing rule, which is tailored for investment companies to raise funds from institutional investors. Li, 64, stepped down as CEO of Hong Kong Exchanges and Clearing (HKEX) in 2021 after a decade at the helm. 'It is nice to come home,' Li told the Post on Thursday. He declined to specify a fundraising target. The proceeds would be used to make investments in start-ups and companies with cash flow to provide a return to shareholders, the filing said. Li is Micro Connect's chairman and executive director. The company, which has no current operations, is among six companies that filed for listings on Wednesday, underlining strong momentum this year for initial public offerings (IPOs) in the city. A total of 43 new listing applications have come in so far this month, increasing the population of hopefuls to 200. Advertisement
Yahoo
4 days ago
- Business
- Yahoo
Trip.com Group Announces Updates on Its Investments in MakeMyTrip
SINGAPORE, June 16, 2025 /PRNewswire/ -- Group Limited (Nasdaq: TCOM; HKEX: 9961) (" Group" or the "Company"), a leading one-stop travel service provider for accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced that the Company has entered into a share repurchase agreement with MakeMyTrip Limited, an investee of the Company, to sell a portion of the Class B ordinary shares that the Company holds to MakeMyTrip for cancellation. This is part of the Company's efforts to optimize its investment portfolio and enhance shareholder returns. Following completion of the proposed repurchase, the Company will remain the largest minority shareholder of MakeMyTrip and continue to support the growth of MakeMyTrip. To fund the proposed repurchase, MakeMyTrip launched an offering of convertible senior notes pursuant to Rule 144A under the U.S. Securities Act of 1933 and a concurrent underwritten public offering of ordinary shares. In connection with the offerings, the Company has agreed to a lock-up period of 180 days with customary exceptions. About Group Limited Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for many travelers in Asia, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, and Skyscanner, with the mission "to pursue the perfect trip for a better world." For further information, please contact: Investor Group LimitedTel: +86 (21) 3406-4880 X 12229Email: iremail@ View original content: SOURCE Group Limited
