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Baijiu 'godfather' launches year's largest IPO in Hong Kong
Baijiu 'godfather' launches year's largest IPO in Hong Kong
Business and Economy
by  AFP

China's "godfather of baijiu" launched Hong Kong's largest IPO of the year on Thursday, with the holding company for four of his liquor brands raising around HK$4.5 billion despite a rocky start to trading. Even so, its nearly HK$4.5 billion in proceeds still amounted to more than half of what the Hong Kong stock exchange generated from IPO offerings in the first quarter of 2023.

BP faces angry shareholders over climate plans
BP faces angry shareholders over climate plans
Business and Economy
by  AFP

Energy giant BP on Thursday faces a shareholder revolt over its decision to slow its energy transition, with activist investors promising to block the re-election of the head of the board of directors. "We recognise that some shareholders and other stakeholders may have different perspectives on the decisions we take," the BP board said in response to the resolution.