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China’s Kingtone Wireless Files for IPO

Posted on: April 14, 2010 by PEHub AdministratorNo Comments »

Kingtone Wireless, a China-based company focused on “wirelessly enabling businesses and government agencies to more efficiently manage their operations,” has filed for a $30 million IPO. It plans to trade on the Nasdaq under ticker symbol KONE, with Roth Capital Partners serving as lead underwriter. The company reports $11.24 million in revenue for the year [...]

Ping An To Buy Stake in TPG-Backed Shenzhen Bank

Posted on: June 12, 2009 by PEHub AdministratorNo Comments »

HONGKONG (Reuters) – China’s Shenzhen Development Bank (000001.SZ) plans to raise at least 8 billion yuan ($1.17 billion) selling a stake to Ping An Insurance (Group) (2318.HK) via a private placement of shares, a person with direct knowledge of the deal said on Friday. Ping An plans to buy the shares for at least 16.4 [...]

Shenzhen Bank Shares Leap on Merger Report

Posted on: February 23, 2009 by PEHub AdministratorNo Comments »

SHANGHAI (Reuters) – China Development Bank said it had no plan to buy Shenzhen Development Bank (000001.SZ), whose shares rose 10 percent on Monday after local media reported it might be bought by the state-owned bank. CDB, which lends in line with government policies but is now converting itself into a commercial bank, may buy [...]