Lingyi iTech Guangdong (SHE:002600) is proceeding with its application to list and offer shares on the Hong Kong Stock Exchange, according to a Shenzhen bourse filing on Tuesday.
The Hong Kong bourse held a listing hearing to review the Chinese artificial intelligence hardware manufacturer's listing application.
Orica (ASX:ORI) completed the full acquisition of the Nelson Brothers' explosives joint venture business in the US, according to a Monday statement.The deal expands the firm's manufacturing footprint, downstream distribution capabilities, and access to customers. It also simplifies its business structure in North America.Its shares fell 1% in recent trading on Tuesday.
Chinese buyers who purchase high-end homes in Hong Kong are expected to be affected by Beijing's new rule to curb illegitimate cross-border funds, Bloomberg News reported Tuesday.Chinese buyers have splurged their wealth on Hong Kong luxury homes, spending a record high of HK$43 billion on the island in the first three months of the year. In the first four months, mainlanders purchased Hong Kong property with a median value of HK$6.95 million, higher than the locals' spending of HK$5.43 million, the report said, citing data from Midland Realty.Data from Bloomberg Intelligence showed that demand and sales of such houses may be negatively affected as the new law targets buyers who can make large cash down payments on deposits. In May, Beijing placed restrictions on banks and global stock trading, according to the media outlet.Despite the new regulations, demand from mainlanders will remain, analysts said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Tourism Holdings (ASX:THL, NZE:THL) appointed Kylie Elsom as chief people and capability officer, effective September, according to a Tuesday filing with the Australian and New Zealand bourses.Elsom most recently worked at Pie Funds New Zealand, the filing added.