Changsha city-based Laobaixing Pharmacy Chain, backed by EQT Partners, has completed an initial public offering in Shanghai, raising a total of RMB1.01 billion (US$163 million), according to a regulatory filing. Laobaixing Pharmacy sold 67 million new shares at RMB16.41 apiece, in a delayed IPO that was originally planned for 2012. In 2008, EQT Greater China […]

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Around six preliminary bidders, including UBS AG, Singapore's Temasek Holdings and French bank BNP Paribas, are to acquire up to a 10% stake in state-owned Postal Savings Bank of China (PSBC) for at least US$3 billion, according to media reports. The stake sale comes before PSBC's planned initial public offering next year, which could raise […]

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Beijing-based Chinese private equity firm Hony Capital has achieved a profitable full exit from Hong Kong-listed Chinese IT application developer, Chinasoft International Limited, according to a securities filing. Hony Capital sold 335 million shares at HK$3.93 per share, a 10.07% discount to the closing price of HK$4.37 on April 22, for total proceeds of HK$1.32 […]

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The Immigration Department will extend its voice navigated e-Channel service at Shenzhen Bay Control Point to increase self-service immigration clearance by visually-impaired people.

The special e-Channels can be located with Braille maps installed at the control point and people can follow the tactile paths leading to them.

The department has been extending the voice-navigated e-Channel service since its launch in 2013 to provide greater convenience to visually-impaired people.

The service is also available at the Lok Ma Chau Spur Line and Macau Ferry Terminal control points.