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    388   HK0388045442

HONG KONG EXCHANGES AND CLEARING LIMITED

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Delayed Hong Kong Stock Exchange  -  05/18 04:08:20 am EDT
341.40 HKD   +0.41%
05/09HKEX COO to Retire; Successors Named
MT
05/06Hong Kong Exchanges and Clearing Limited Announces Executive Changes
CI
05/04London Metal Exchange bars Russian lead from its market
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China Merchants Bank-backed SPAC files first application under new Hong Kong rules

01/17/2022 | 09:29pm EDT

HONG KONG (Reuters) - A SPAC backed by China Merchants Bank applied to list in Hong Kong late on Monday, the first company to do so since new rules allowing such listings took effect at the start of this year.

Interest in SPACs - special purpose acquisition companies that raise cash to buy private firms and take them public without a traditional initial public offering (IPO) - is starting to shift to Asia, with two SPACs set to list in Singapore later this month.

Monday's filing was by Aquila Acquisition Corporation, whose ultimate parent is China Merchants Bank.

The filing said Aquila is target acquiring "a technology-enabled company in 'new economy' sectors (such as green energy, life sciences and advanced technology and manufacturing) in Asia, with a focus on China."

Hong Kong changed its rules to allow SPACs late last year, and the rules took effect on Jan 1.

(Reporting by Alun John. Editing by Gerry Doyle)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
CHINA MERCHANTS BANK CO., LTD. 4.64% 38.6 End-of-day quote.-20.76%
HONG KONG EXCHANGES AND CLEARING LIMITED 0.41% 341.4 Delayed Quote.-25.34%
MSCI SINGAPORE (GDTR) 1.85% 5594.11 Real-time Quote.-12.51%
ON SEMICONDUCTOR CORPORATION 6.07% 58.5 Delayed Quote.-13.87%
All news about HONG KONG EXCHANGES AND CLEARING LIMITED
05/09HKEX COO to Retire; Successors Named
MT
05/06Hong Kong Exchanges and Clearing Limited Announces Executive Changes
CI
05/04London Metal Exchange bars Russian lead from its market
RE
04/28Nomura Adjusts Hong Kong Exchanges and Clearing's Price Target to HK$441.1 From HK$457...
MT
04/27HONG KONG EXCHANGES AND CLEARING : Re-appointment of Chairmanpdf
PU
04/27HONG KONG EXCHANGES AND CLEARING : Poll Results of 2022 Annual General Meeting and Re-appo..
PU
04/27TRANSCRIPT : Hong Kong Exchanges and Clearing Limited, Q1 2022 Earnings Call, Apr 27, 2022
CI
04/27HONG KONG EXCHANGES AND CLEARING : LME Management Appointments
PU
04/27HKEX Q1 Profit Slumps 31% as Revenue Misses Estimates amid Dry Spell of IPOs
MT
04/27HKEX Among Worst-Performing Bourses Globally on IPO Dry Spell
MT
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Analyst Recommendations on HONG KONG EXCHANGES AND CLEARING LIMITED
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Financials
Sales 2022 21 023 M 2 678 M 2 678 M
Net income 2022 12 524 M 1 595 M 1 595 M
Net cash 2022 22 443 M 2 859 M 2 859 M
P/E ratio 2022 34,4x
Yield 2022 2,57%
Capitalization 430 B 54 812 M 54 812 M
EV / Sales 2022 19,4x
EV / Sales 2023 13,1x
Nbr of Employees 2 146
Free-Float 94,1%
Chart HONG KONG EXCHANGES AND CLEARING LIMITED
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Technical analysis trends HONG KONG EXCHANGES AND CLEARING LIMITED
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 30
Last Close Price 340,00 HKD
Average target price 433,38 HKD
Spread / Average Target 27,5%
EPS Revisions
Managers and Directors
Alejandro Nicolas Aguzin Chief Executive Officer & Executive Director
Chi Kin Tai President & Chief Operating Officer
Bik Yun Lau Group Chief Financial Officer
May Lung Cha Non-Executive Chairman
Chung Kwong Leung Group Chief Technology Officer
Sector and Competitors