French food company Danone said that it has launched the strategic sale of a stake of around 9.8% in China Mengniu Dairy Company through an accelerated bookbuilding process. Mengniu Dairy is a Chinese dairy manufacturer, which trades on the Hong Kong Stock Exchange. The transaction follows the announcement made by Danone in late February 2021, […]
CNOOC, a Chinese state-owned oil and gas company, has started production from its 100% owned Liuhua 29-2 gas field in the South China Sea. The Liuhua 29-2 gas field is located in the eastern part of the sea, 300km southeast of Hong Kong. It is contained in a water depth of nearly 750m. CNOOC said […]
AIA Group has signed a new exclusive 15-year bancassurance deal worth HK$5.07 billion ($650 million) with The Bank of East Asia (BEA), which covers Hong Kong and Mainland China. As per the terms, Bank of East Asia will distribute the life and long-term savings products of AIA Group exclusively to its retail banking customers. AIA […]
Moody’s Corporation, a US-based risk assessment firm, has acquired a minority stake in MioTech, a Hong Kong-based alternative data and insights provider, for an undisclosed price. MioTech caters to the environmental, social, and governance (ESG) and know your customer (KYC) markets in Greater China. According to Moody’s, the investment marks commitment to offering the evolving […]
Alimentation Couche-Tard, a Canadian convenience store chain, has agreed to acquire Convenience Retail Asia (BVI) (Circle K HK) for HK$2.79 billion (nearly $360 million) from Convenience Retail Asia, a Hong Kong retailer. Circle K HK is the operator of a network of Circle K-licensed convenience stores. The network includes 340 company-operated sites across Hong Kong […]
A research team headed by Hong Kong Baptist University (HKBU) claims to have developed a novel anti-Epstein-Barr virus (EBV) drug for the treatment of nasopharyngeal cancer and other EBV-related cancers. The novel anti-viral targeted drug can disrupt a viral protein produced by EBV selectively, thereby resulting in shrinkage of tumors caused by the human herpesvirus […]
Latitude 27 Capital, a private investment firm, has acquired the assets of JK Jewelry, (doing business as JK Findings), a designer, manufacturer and wholesaler of jewelry components (findings) for an undisclosed amount. JK Findings’ founder and CEO John Kaupp will retire as CEO and stay with the business as an equity investor and board member […]
Peak Re acquisition of Lutece : Peak Reinsurance (Peak Re), a Hong Kong-based reinsurance company, has signed a deal to acquire Bermuda-based insurance-linked securities (ILS) asset manager Lutece and its subsidiary Lutece Investment Management. Financial terms of the deal were not disclosed by the parties. Established about three years ago, Lutece is focused on generating […]
Huntkey, a Chinese power solutions provider, will introduce and display the new Oucica car air purifier at Global Sources Consumer Electronics Trade Fair to be held from 11-14 October 2019 in Hong Kong. The new car air purifier from Huntkey will remove and decompose airborne hazards such as bacteria and viruses into carbon dioxide and […]
In a significant development within the pharmaceutical industry, Shanghai-based InventisBio has entered into a strategic partnership with Betta Pharmaceuticals Co., Ltd. to co-develop the promising lung cancer drug D-0316. Under this agreement, InventisBio has out-licensed the rights to D-0316 in China, Hong Kong, and Taiwan to Betta Pharmaceuticals Co., Ltd. in a deal valued at […]