bnp paribas plans hong kong listing
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

BNP Paribas plans Hong Kong listing

Arab Today, arab today

Arab Today, arab today BNP Paribas plans Hong Kong listing

HONG KONG - AFP

French banking giant BNP Paribas is planning to list its shares on the Hong Kong stock exchange, a report said Monday, in a bid that is likely to boost its profile in Asia, especially China. The lender has submitted an application to the southern Chinese city's bourse, with a listing planned as early as July, the Chinese-language Ming Pao Daily News reported, quoting an unnamed source. A BNP Paribas spokeswoman in Hong Kong said she could not immediately comment on the report when contacted by AFP. The banking group does not plan to raise new funds in a so-called listing by introduction, according to the newspaper. Unlike an initial public offering, a listing by introduction simply adds another trading venue to boost the profile of a company's existing shares, and gives investors the ability to buy or sell the shares in their local currency. In December, Brazilian mining giant Vale made its Hong Kong trading debut by listing its shares in the form of common share depositary receipts, but did not raise new money. The miner was already listed in Brazil, New York and Paris. Companies are increasingly looking to Hong Kong as a gateway to the Chinese market, with Russian mining giant UC Rusal raising US$2.2 billion in Hong Kong last year. Last May, cosmetics group L'Occitane became the first French company to list in Hong Kong, after an initial public offering raised $704 million to fund an aggressive expansion in China, Japan and emerging markets.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bnp paribas plans hong kong listing bnp paribas plans hong kong listing

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

bnp paribas plans hong kong listing bnp paribas plans hong kong listing

 



GMT 05:50 2017 Tuesday ,15 August

20 killed in Takhar funeral attack

GMT 04:51 2017 Thursday ,13 April

Huda Kattan among top 10 beauty influencers

GMT 09:44 2018 Saturday ,06 January

Aoun to deliver speech in Rome this afternoon

GMT 09:14 2017 Saturday ,30 December

London stocks end year on record high

GMT 11:47 2017 Monday ,11 December

France's rightwing shifts after Macron victory

GMT 04:49 2013 Monday ,27 May

Feng Shui living room concepts

GMT 19:45 2017 Wednesday ,18 January

The UAE Releases Global State of the Future Report

GMT 23:40 2017 Wednesday ,18 October

OIC condemns terrorist attack in Jeddah

GMT 16:41 2017 Saturday ,18 February

FBMA International Show Jumping Cup 2017 competition

GMT 17:43 2017 Tuesday ,14 February

Spanish activists taken to court over BDS activism
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday