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Toymaker Bloks surges 82% in Hong Kong debut
Chinese toymaker taps ‘kidult’ craze as shares soar on Hong Kong debut
Shares in Bloks Group, a maker of Transformers and other toy figurines, as much as doubled on their Hong Kong debut on Friday, making a billionaire of their founder and underlining the surge in ‘kidult’ culture despite falling birth rates in the world’s second-largest economy.
Chinese toy maker Bloks jumps in Hong Kong debut
Shares of Chinese toy maker Bloks Group were set to open 81.6% higher from the initial public offering (IPO) price in Hong Kong debut on Friday. The stocks were set to open at HK$109.60 each in their debut as compared with an IPO price of HK$60.
Toymaker Bloks surges 82% in Hong Kong debut after sizzling IPO reception
Demand from Hong Kong retail investors was 6,000 times more than the amount of shares allocated to them, the second highest on record Shares of Chinese toymaker Bloks Group surged as much as 82 per cent in their Hong Kong market debut after its initial public offering (IPO) attracted huge demand from retail and institutional investors.
Sunac China shares plunge
Developer Sunac China Gets Liquidation Petition, Hong Kong Judiciary Website Shows
(Reuters) - A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management, and a hearing is scheduled for March 19, the website shows.
Developer Sunac China Receives Liquidation Petition in Hong Kong
Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.
Chinese developer Sunac’s shares tumble 26% after liquidation petition
Shares in Chinese developer Sunac plummeted on Friday after the company revealed it was the subject of a petition in Hong Kong seeking to wind it up, the latest in a series of legal moves against heavily indebted mainland property groups.
Christianity Today
2h
In Hong Kong, One Pastor Ministers to a Gen Z Protester in Prison
Amid high rates of depression and anxiety among young people, Christian leaders boost efforts to address mental health ...
4h
CES 2025: Hong Kong start-ups out in force as city strives to become Asian tech hub
Consumer Electronics Show (CES) has seen a record number of Hong Kong tech companies showcase their innovations in Las Vegas, ...
5h
IMF Turns Less Upbeat on Hong Kong Growth With 2025 Forecast Cut
The International Monetary Fund lowered its forecast for Hong Kong’s economic growth this year and warned of the risks Asia’s ...
5h
on MSN
Why China's central bank has stopped bond purchases
The bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that’s put unwanted downward ...
International Monetary Fund
6h
People’s Republic of China—Hong Kong Special Administrative Region: Staff Concluding Statement of the 2024 Article IV Mission
Hong Kong SAR’s economy is on a path of gradual but uneven recovery after a protracted period of shocks. With continued economic slack and external and domestic headwinds, policies should be geared ...
1d
on MSN
China Ramps Up Yuan Support With Record Hong Kong Bill Issuance
China expanded its support for the beleaguered yuan with a plan to issue a record amount of bills in the Hong Kong market to ...
2h
China's Central Bank Pauses Bond Purchases
China’s central bank has hit pause on government-bond purchases, citing excess demand. The People's Bank of China has already ...
13d
US condemns Hong Kong bounties, passport revocations for democrats
The U.S. State Department said that Hong Kong's offered bounties for six more pro-democracy campaigners who were deemed to ...
4d
Hong Kong’s Cabbies, Long Scorned and Frustrated, Face the End of an Era
A government push to modernize taxi services comes up against the habits of drivers known for driving fast and accepting only ...
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