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Expiring lockups will put $6 billion of Hong Kong shares at risk

Bloomberg The recent slump in video streaming giant Kuaishou Technology’s shares has awoken investors to the risk of expiring lockups for Hong Kong’s newly-listed stocks. More than $6 billion worth of cornerstone investment lockups are due to expire within the next five months for this year’s IPOs, according to Bloomberg calculation based on stock exchange filings. The companies that face ...

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UAE a world leader in attracting foreign capital: Klaus Genssler

UMM AL QAIWAIN / WAM The UAE has built a wide reputation as a leading regional hub for local and foreign investment through its futuristic and transparent vision that continues to enable its drive towards achieving growth and economic diversification. In an exclusive interview with the Emirates News Agency (WAM), German investor and businessman Klaus Genssler, Founder, Chairman and CEO ...

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India aims to spend $1.4tr building infrastructure

Bloomberg India aims to invest 100 trillion rupees ($1.35 trillion) in infrastructure to boost economic growth and create jobs, Prime Minister Narendra Modi said on Sunday, laying out national priorities on the country’s 75th Independence Day. The investments will be made in India’s logistics sector to help integrate the country’s varied modes of transport, Modi said in a national address ...

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