Donny Kwok

Melbourne

Reporter at Reuters

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Articles

China's Ant Group enters brokerage business with $362 million Bright Smart buy

2 weeks ago | marketscreener.com | Donny Kwok |Selena Li

HONG KONG (Reuters) - Ant Group, an affiliate of China's e-commerce giant Alibaba Group, is buying a $362 million controlling stake in Bright Smart Securities & Commodities Group, marking its first acquisition of a securities brokerage licence. Ant agreed to buy a 50.55% stake in Bright Smart for HK$2.81 billion ($362.26 million), the companies said in a joint statement on Friday.
China's Ant Group enters brokerage business with $362 million Bright Smart buy

2 weeks ago | today.westlaw.com | Donny Kwok |Selena Li |Rachna Uppal |Muralikumar Anantharaman

HONG KONG (Reuters) - Ant Group, an affiliate of China's e-commerce giant Alibaba Group, is buying a $362 million controlling stake in Bright Smart Securities & Commodities Group, marking its first acquisition of a securities brokerage licence.
China's Duality Biotherapeutics shares rise more than double in Hong Kong debut

4 weeks ago | marketscreener.com | Scott Murdoch |Donny Kwok

SYDNEY (Reuters) -Duality Biotherapeutics stock more than doubled on its Hong Kong debut on Tuesday, achieving the best first-day trading performance following an IPO in the city in four years. The Chinese biotech firm raised $213 million in an initial public offering launched the day financial markets reacted savagely to a U.S. tariffs announcement. The stock rose as high as HK$222 each, a gain of 134.7% from its HK$94.60 issue price. Hong Kong's Hang Seng Index was up 0.1%.
China's Duality Biotherapeutics shares rise 130% in Hong Kong debut

1 month ago | uk.marketscreener.com | Scott Murdoch |Donny Kwok

SYDNEY (Reuters) -Duality Biotherapeutics stock more than doubled on its Hong Kong debut on Tuesday, after the Chinese firm raised $213 million in an initial public offering launched the day financial markets reacted savagely to a U.S. tariffs announcement. The stock rose as high as HK$218 each, a gain of 130.4% from its HK$94.60 issue price. Hong Kong's Hang Seng Index was up 0.3% in early trade.
Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal

1 month ago | kfgo.com | Donny Kwok |Anne Marie Roantree

HONG KONG (Reuters) – Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2. Reuters reported on Friday that CK Hutchison had delayed part of the sale, although sources said the deal has not been called off. Pro-Beijing media have published a series of reports criticizing the deal, depicting it as a betrayal of China.
Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal

1 month ago | in.marketscreener.com | Donny Kwok |Anne Marie Roantree

HONG KONG (Reuters) - Shares of Hong Kong conglomerate CK Hutchison climbed 1% on Tuesday ahead of a deal to sell its Panama ports to a BlackRock-led group that is due to be signed by April 2. Reuters reported on Friday that CK Hutchison had delayed part of the sale, although sources said the deal has not been called off. Pro-Beijing media have published a series of reports criticizing the deal, depicting it as a betrayal of China.
Shares of CK Hutchison climb 1% amid China criticism of Panama ports deal

1 month ago | streetinsider.com | Donny Kwok |Anne Marie Roantree

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France's Elior Group to set up Asia's first aircraft parts hub in Hong Kong

1 month ago | bilyonaryo.com | Jessie Pang |Donny Kwok

SOURCE: ReutersBy Jessie Pang and Donny KwokHONG KONG, March 21 (Reuters) – French aeronautic services company Elior Group ELIOR.PA will set up its Asia headquarters for aircraft parts dismantling, recycling and trading in Hong Kong, which could elevate the city’s status as a regional aviation hub.
Baidu share slide wipes $2.4 billion off market value amid speculation over Xi meeting

2 months ago | theprint.in | Anne Marie Roantree |Donny Kwok |Liam Mo

Investors and market players pay close attention to the presence of senior executives at such key meetings, where the absence of a corporate leader can trigger speculation over a company’s standing. Shares of Baidu slid as much as 8.8% before paring losses to close down 7%. Baidu, with its market value now at HK$252.05 billion ($32.4 billion), was the biggest loser on both the Hang Seng Index and Hang Seng Tech Index.
Baidu share slide wipes $2.4 billion off market value amid speculation over Xi meeting

2 months ago | kfgo.com | Anne Marie Roantree |Donny Kwok |Liam Mo

HONG KONG (Reuters) – The Hong Kong shares of Baidu plunged on Monday, wiping $2.4 billion off its market value, after the founder of the Chinese search engine giant was not spotted at a rare meeting between President Xi Jinping and corporate leaders. Xi hosted a symposium in Beijing with the country’s top tycoons, including Alibaba founder Jack Ma and Huawei’s Ren Zhengfei, although two sources told Reuters there was no sign of Baidu’s founder, Robin Li, attending.