3 d. ago Nexperia and Chinese owner fight for control of chipmaker in Dutch court

The battle for control of Dutch chipmaker Nexperia entered a new phase on Wednesday, as lawyers representing the firm and its Chinese parent Wingtech Technology traded blows during a seven-hour court hearing in the Netherlands. The Enterprise Chamber – a special Dutch court handling corporate disputes – scheduled the hearing to determine whether it should order a formal investigation into alleged mismanagement at Nexperia or overturn its earlier ruling, with a verdict set to be issued by...

Events

8 d. ago What does HSBC’s buyout of Hang Seng Bank mean for its future and investors?

Following the January 8 shareholder vote that overwhelmingly approved the largest privatisation deal in Hong Kong’s history, many questions remain about the future of Hang Seng Bank, its stakeholders and the broader financial landscape. For Hang Seng Bank’s shareholders, the immediate question is what to do with the HK$106.16 billion (US$13.6 billion) windfall from HSBC Holdings for acquiring the remaining 37 per cent it does not own. “I invested in Hang Seng Bank for the long term because of...

Economics

1 week ago Hang Seng Bank shareholders set to back HSBC’s privatisation plan for Hong Kong lender

Hong Kong’s banking sector is set for a landmark transformation as thousands of Hang Seng Bank shareholders vote on HSBC Holdings’ bid to take the lender private on Thursday morning. Analysts expected an overwhelming approval for the proposal, which offers shareholders HK$155 a share – 30 per cent higher than Hang Seng Bank’s HK$119 closing price on the last trading day before the announcement on October 9. Since then, HSBC has risen 15 per cent to close at HK$127.20 on Wednesday, on the eve of...

Economics

1 week ago Hang Seng Bank shareholders set to back HSBC’s privatisation plan amid bad debt concerns

Hong Kong’s banking sector is set for a landmark transformation as thousands of Hang Seng Bank shareholders vote on HSBC Holdings’ bid to take the lender private on Thursday morning. Analysts expected an overwhelming approval for the proposal, which offers shareholders HK$155 a share – 30 per cent higher than Hang Seng Bank’s HK$119 closing price on the last trading day before the announcement on October 9. Since then, HSBC has risen 15 per cent to close at HK$127.20 on Wednesday, on the eve of...

Economics

1 week ago Hang Seng Bank shareholders approve HSBC’s US$14 billion privatisation bid

Hong Kong’s banking sector began a new chapter on Thursday as Hang Seng Bank shareholders approved HSBC Holdings’ bid to take the lender private in a deal worth nearly US$14 billion. The proposal, under which HSBC offered shareholders HK$155 a share – 30 per cent higher than Hang Seng Bank’s HK$119 closing price on the last trading day before the announcement on October 9, received strong shareholder support, with 85.75 per cent of the votes, according to Hang Seng Bank. It surpassed the...

Economics

1 week ago Bid to change Taiwan law that prompted Beijing to warn of war risk falls at first hurdle

A controversial plan to change Taiwan’s law governing relations with mainland China, which critics said could edge the island towards “de jure independence”, appears to have collapsed within days. The failure of the draft legislation to even reach the legislature’s agenda committee underscored the sensitivity of the issue amid mounting pressure from Beijing, which warned on Sunday that a declaration of independence would mean war. The initiative to amend the Act Governing Relations Between the...

Events

1 week ago Indonesia’s ‘humane’ new criminal code sparks warnings about civil liberties curbs

Indonesia’s long-delayed overhaul of its criminal justice system took effect last week, with the government hailing the “historic” change that would usher in a “more humane” era of law enforcement, even as rights groups warn they could further narrow space for dissent and private life. The new Criminal Code and revised Criminal Procedure Code came into force on Friday, ending decades of debate over how to replace Dutch-era statutes that officials said no longer reflected Indonesian society. It...

Events

2 w. ago Venezuela’s Maduro open to talks with US on drugs and oil, but silent on CIA strike

Venezuela is open to negotiating an agreement with the United States to combat drug trafficking, the South American country’s President Nicolas Maduro said in a pretaped interview aired Thursday on state television, but he declined to comment on a CIA-led strike last week at a Venezuelan docking area that the Trump administration believed was used by cartels. Maduro, in an interview with Spanish journalist Ignacio Ramonet, reiterated that the US wants to force a government change in Venezuela...

Events

2 w. ago Beijing Yunji Technology Proposes Appointment of Zhang Wei as Supervisor

Beijing Yunji Technology Proposes Appointment of Zhang Wei as Supervisor  TipRanks

Politics

2 w. ago China plans massive rollout of 50 MW wind turbines by 2026 in technology push

China plans massive rollout of 50 MW wind turbines by 2026 in technology push  Energies Media

Politics

3 w. ago Beijing Yunji Technology Wins Shareholder Approval for Name Change, Governance Revisions and Capital Mandates

Beijing Yunji Technology Wins Shareholder Approval for Name Change, Governance Revisions and Capital Mandates  TipRanks

Politics

3 w. ago Nexperia China eyes new wafer suppliers in 6 months amid legal fight with Dutch chipmaker

Nexperia China, the estranged unit of the Dutch chipmaker, is pushing forward with efforts to secure new wafer suppliers in six months, as the firm’s Netherlands head office and mainland Chinese owner Wingtech Technology started direct talks last week. In its shareholders meeting in Shanghai on Friday, Wingtech said Nexperia China’s plant in Dongguan, in southern Guangdong province, continued to operate amid “a significant gap in wafer supply”, reports from several state-backed media...

Politics

3 w. ago China sharpens sales pitch for overseas investment with new list of sought

China is taking steps to reshape the direction of its foreign investment, unveiling a revised catalogue of encouraged industries that steers overseas capital towards the advanced and technologically complex sectors Beijing’s policymakers view as future growth drivers. The revised catalogue, which takes effect in February 2026, covers 1,679 industries – 205 more than the current version, which was released in 2022. In a statement on Wednesday, the Ministry of Commerce said the changes are aimed...

Economics

last month Labour MPs urge UK to protect Hong Kong BN(O) migrants from residency reforms

A group of Labour Party MPs have urged the British government to ensure changes to permanent residency requirements do not undermine support for Hongkongers on the bespoke visa pathway or others admitted on humanitarian grounds. They have asked the Home Office to consider exempting the BN(O) routes from the government’s proposed overhaul of the wider settlement system as part of four requests to extend support for Hongkongers under the scheme. James Naish and 33 of his Labour colleagues sent a...

Events