HONG KONG (XFN-ASIA) - Macau casino operator SJM Holdings plans to offer 1.25 bln shares at 3.08-4.08 hkd each in an initial public offering (IPO) in Hong Kong, raising up to 5.1 bln hkd, according to a market source.
SHANGHAI (XFN-ASIA) - China A-shares finished the morning lower as profit-taking hit oil refiners following Friday's surge on the government's snap decision to hike gasoline and diesel prices, dealers said.
The warning was issued by the Cross-Strait Tourism Association, the official Xinhua News Agency said. It follows the signing of breakthrough agreements on charter flights and tourism promotion between the rival sides earlier this month.
China's decision to hike prices for petrol, diesel and electricity has won praise from the United States despite fears it could spark increased demand, analysts say.