Zepto, a leading quick-commerce platform in India, has filed draft papers for an IPO, seeking to raise funds for expansion and offering investors a detailed look into its business model. The company aims to address the ongoing debate about the sector's profitability.
Vedanta's demerger exercise concludes as four entities—Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—begin trading on Indian stock exchanges on June 15. This move aims to unlock shareholder value and allow each business to pursue sector-specific opportunities with greater flexibility.
HKEX celebrates 40 years since Hong Kong's stock exchanges merged, marking growth from local to global superconnector amid challenges.
Major world stock exchanges, including Hong Kong, London, Zurich, and New York, will be closed today due to public holidays. These closures are for Buddha's Birthday, Spring Bank Holiday, Angel's Monday, and Memorial Day, respectively.
HKEX and Boursa Malaysia announced plans for cross-border collaboration including ETFs and dual listings at the 40th AOSEF General Assembly. The first major collaboration grants Da Cheng International Asset Management a licence to issue an ETF tracking the HKEX Bursa Malaysia Large Cap Index, comprising 62% Hong Kong stocks and 38% Malaysian shares. About 30 Malaysian companies are currently listed in Hong Kong, representing nearly a third of 103 Southeast Asian issuers.
KRX Chairman Jeong Eun-bo travels to Hong Kong to attend the Asian and Oceanian Stock Exchanges Federation meeting, followed by a visit to the Shenzhen Stock Exchange. He will also join a global roadshow with Morgan Stanley to promote South Korea's capital market revitalization efforts.
