Hong Kong Stock Exchange Archives - Maritime Shipping News

Late investor activity lowers JD Logistics’ initial stock gains

28 May 2021

On Friday, JD Logistics (HKG:2618), the logistics spinoff of Chinese e-commerce giant JD.com (NASDAQ:JD), made its Hong Kong Stock Exchange debut priced at $HK40.36. It hit its peak of $HK47.75 and eventually gave up those gains, closing at $HK41.70 for a 3.3% gain.

Much of this drop from the peak was due to late retail investor activity, with security filings showing that the retail portion of the IPO was oversubscribed 715 times, according to a Reuters report.

This listing is the third to raise...

https://www.freightwaves.com/news/late-investor-activity-lowers-jd-logistics-initial-stock-gains

JD Logistics approved for IPO; spinoff could raise $4B

4 May 2021

JD Logistics, the logistics entity for Chinese e-commerce leader JD.com (NASDAQ:JD), was approved for an initial public offering (IPO) by the Hong Kong Stock Exchange. The spinoff could raise up to $4 billion, following the lead of its sibling spinoff, JD Health International (HKG:6618), which raised $3.9 billion in December.

On Monday, the logistics unit began premarketing meetings led by UBS Financial with joint sponsors including Bank of America (NYSE:BAC), Goldman Sachs (NYSE:GS) and Haitong...

https://s29755.pcdn.co/news/jd-logistics-approved-for-ipo-spinoff-could-raise-4b

PIL denies bankruptcy rumours

15 April 2020

Singapore carrier Pacific International Lines (PIL) has issued a strong statement denying reports that the company is suffering financial difficulties.

The company has made a series of sales including ships and a liner company in recent weeks as well as cutting services on the Pacific, while creditors were said to be concerned.

However, in its statement PIL said, “Recently, there have been rumours circulating on social media, making false claims about a potential bankruptcy of Pacific...

https://container-news.com/pil-denies-bankruptcy-rumours/