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Chinese contract drugmaker plans Hong Kong listing

Bloomberg Pharmaron Beijing Co is planning a Hong Kong share sale only six months after the contract drugmaker went public in China, according to people with knowledge of the matter. The Shenzhen-listed company is working with financial advisers as it prepares to sell shares in Hong Kong as soon as this year, the people said, asking not to be identified ...

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Geely profit warning seen as ‘bad omen’ for others

Bloomberg Geely Automobile Holdings Ltd, controlled by Volvo Cars owner Li Shufu, issued a profit warning that drove down its shares and those of other Chinese automakers as it sparked concern investors are underestimating the depths of the industry’s slump. Shares of Geely, which said first-half profit plunged an estimated 40 percent, dropped as much as 7.6 percent in Hong ...

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Rocket scientist’s vegetable startup seeks to raise $500m

Bloomberg Meicai, a Chinese startup that connects vegetable farmers with restaurants, is seeking at least $500 million in funding to try and grab a larger slice of a fragmented food sourcing market, people familiar with the matter said. The company is looking to achieve a valuation of between $10 billion and $12 billion, one of the people said. The figures ...

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