Technology

Snapshot view: China halts Ant Group’s mega IPO

[ad_1] SINGAPORE: The Shanghai and Hong Kong stock exchanges on Tuesday suspended Ant Group’s IPO, which was initially scheduled for Thursday, in a surprising setback for what was on track to be the world’s largest share sale. The following are instantaneous reactions from analysts: WANG JIYUE, FORMER SENIOR INVESTMENT BANKER …

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Clinical waste increased 20% due to Covid-19

[ad_1] KUALA LUMPUR: Clinical waste has increased by 20 percent since the Covid-19 outbreak in the country, said Minister of Environment and Water (KASA), Datuk Seri Tuan Ibrahim Tuan Man. He said that waste such as personal protective equipment (PPE), which was classified as clinical waste after being used for …

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Late selling pressure pushes KLCI into the red

[ad_1] KUALA LUMPUR: Bursa Malaysia was the only market in Asia to close in the red on Tuesday, dragged down by political concerns and the challenges of Covid-19, forcing investors to remain cautious. Most banks were higher, except Maybank, Hong Leong and RHB Bank, after Bank Negara kept the official …

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China halts $ 35bn Ant IPO of Jack Ma

[ad_1] (Nov. 3): China halted the sale of Ant Group Co shares for US $ 35 billion in Shanghai and Hong Kong, derailing the world’s largest initial public offering. The Shanghai Stock Exchange will suspend listing after Ma was called in for “supervisory interviews” by related agencies, it said in …

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