On December 8, 2023, Legend Capital completed the secondary offering of American Depositary Shares held by it in Atour Lifestyle Holdings Limited. Legend Capital sold an aggregate of 9,600,000 ADSs to public investors, with an over-allotment of up to 1,440,000 ADSs, at a price of US$15.80 per ADS. The aggregate consideration was US$174 million.
Dec | 11
On November 21, 2023, China’s State Administration for Market Regulation announced the conditional clearance of the acquisition of VMware by Broadcom.Broadcom is a U.S.based and listed semiconductor company. It acquired all of the shares of VMware, a U.S.based and listed virtualization software company, with a transaction amount of USD 61 billion, making it the largest acquisition in the semiconductor sector worldwide.
Nov | 24
On October 17, 2023, State Grid Overseas Investment Limited successfully issued 3-year RMB 1 billion panda bonds in China’s interbank bond market. The issuance is backed by an unconditional and irrevocable guarantee provided by State Grid Corporation of China on a joint and several basis. This is the first offering of RMB panda bonds by SGOI in China’s interbank bond market, as well as the first ever panda bond issued by a Chinese central state-owned enterprise’s overseas treasury platform.
Oct | 19