Merchants REIT IPO:Shenzhen’s China Merchants Shekou Industrial Zone Holdings Co. is planning an initial public offering of a real estate investment trust in Hong Kong, the city’s first REIT listing in five years, according to Bloomberg. Read more.
Big Pharma Deal:Guangzhou’s Ysbang, a Chinese business to business drug trading platform, has teamed up with the Chinese arm of Germany’s pharmaceutical giant Bayer to promote the latter’s medicine in Chinese third and fourth-tier cities. Read more.
HK Delays:Hong Kong’s hopes of becoming the world’s top IPO bourse could be dashed by Budweiser’s change of listing plans. This follows delays by ESR, one of Asia’s largest logistics real estate developers, and Hutchison China MediTech, a biotech firm backed by Li Ka-shing. Read more.GE Wind Power:The wind power arm of GE is to build a new operation and development center in Guangzhou’s Huangpu district to focus on regional demand and optimize the design and adaptability of offshore wind turbines locally. Read more.