The Aegean Group plans to list in Hong Kong
According to the news of IPO, Red Star Macalline's business management sector Shanghai Aegean Commercial Group Co., Ltd. is preparing to go public in Hong Kong. It is said that Red Star Macallan is currently expected to the Aegean Group valuation, about 12-15 billion yuan.
Aegean Group, formerly known as Red Star Commercial, was founded in 2013. It is a management platform for the preparation, investment attraction and operation of urban complex and commercial shopping centers under the Red Star Macalline Group.
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A-shares started at A low price and the three major indexes fell again.
The Shanghai Composite Index fell to 3392 points and closed at 3400 points, down 0.96% for the whole day. ChiNext index fell more than 5 percent, the largest day of the rebound, the final closing down more than 4 percent.
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Search engine giant Baidu is seeking to raise as much as $3.6 billion in a second listing in Hong Kong
Chinese search engine Baidu Inc will launch its Hong Kong secondary listing today and will sell around 4% of its shares, which at the current price will raise at least $3 billion.
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