by | Oct 22, 2010 | Towing
AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout.
AIG placed 7.03 billion shares at HK$19.68 a share, Bloomberg News said. The shares sold represent a 58% stake in the unit, AIA.
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AIG’s CEO Robert Benmosche has said that selling the shares will help put the company…
Continue reading AIG Raises $17.8 Billion with Hong Kong IPO
AIG Raises $17.8 Billion with Hong Kong IPO originally appeared on DailyFinance on Fri, 22 Oct 2010 06:39:00.
Filed Under: Company News, Investing, American International Group, Taxes, Insurance, Market News
by | Oct 6, 2010 | Towing
Italian fashion label Prada is considering an IPO with primary listing in Hong Kong, rather than home-base Milan, accroding to reports. Four of its previous attempts at an IPO have been scrapped in the past 10 years, but now th…
by | Oct 4, 2010 | Towing
American International Group has received a $1 billion commitment from Kuwait Investment Authority for AIA Group’s Hong Kong initial public offering. But the Kuwaiti sovereign wealth fund has forced AIG to lower the value of th…
by | Sep 28, 2010 | Towing
MGM Resorts International (MGM) may list its Macau gambling venture on the Hong Kong stock market.
MGM is a partner in MGM China Holdings, a casino in a historic district of Macau, MarketWatch reported. The casino is a joint venture with Pansy Ho, daughter of Macau gambling kingpin Stanley Ho.
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The company said in a U.S. regulatory filing that the listing has yet to receive approval…
Continue reading MGM Resorts May List Macau Gambling Venture in Hong Kong
MGM Resorts May List Macau Gambling Venture in Hong Kong originally appeared on DailyFinance on Tue, 28 Sep 2010 08:06:00.
Filed Under: Company News, People, Media, Stocks in the News
