China’s largest hot pot chain puts forward an implied valuation nearly five times that of McDonald’s China and Hong Kong business. It may prove too much for investors to stomach.
The world’s largest aluminum producer raises $800 million in share placement as short seller attacks and rating downgrades undermine its ability to raise debt. It may yet need more.
Privately-held construction firm seeks public capital as China speeds up development of the Beijing-Tianjin-Hebei region, including plans for a vast new city in rural Xiongan.
The regional Chinese lender launches an initial public offering to raise $1.1 billion and looks set to become the third bank classed as a rural financial institution to list in Hong Kong.