Costs and Benefits of Dual-Listing in Emerging Markets: Evidence from Hong Kong-Listed Chinese Companies

2014 ◽  
Author(s):  
Hung Wan Kot ◽  
Lewis Tam
Facilities ◽  
2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Patrick T.I. Lam ◽  
Daniel Lai ◽  
Chi-Kin Leung ◽  
Wenjing Yang

Purpose As smart cities flourish amidst rapid urbanization and information and communication technology development, the demand for building more and more data centers is rising. This paper aims to examine the principal issues and considerations of data center facilities from the cost and benefit dimensions, with an aim to illustrate the approaches for maximizing the net benefits and remain “green.” Design/methodology/approach A comprehensive literature review informs the costs and benefits of data center facilities, and through a case study of a developer in Hong Kong, the significance of real estate costs is demonstrated. Findings Major corporations, establishments and governments need data centers as a mission critical facility to enable countless electronic transactions to take place any minute of the day. Their functional importance ranges from health, transport, payment, etc., all the way to entertainment activities. Some enterprises own them, whilst others use data center services on a co-location basis, in which case data centers are regarded as an investment asset. Real estate costs affect their success to a great extent, as in the case of a metropolitan where land cost forms a substantial part of the overall development cost for data centers. Research limitations/implications As the financial information of data center projects are highly sensitive due to the competitive status of the industry, a full set of numerical data is not available. Instead, the principles for a typical framework are established. Originality/value Data centers are very energy intensive, and their construction is usually fast tracked costing much to build, not to mention the high-value equipment contents housed therein. Their site locations need careful selection due to stability and security concerns. As an essential business continuity tool, the return on investment is a complex consideration, but certainly the potential loss caused by any disruption would be a huge amount. The life cycle cost and benefit considerations are revealed for this type of mission-critical facilities. Externalities are expounded, with emphasis on sustainable issues. The impact of land shortage for data center development is also demonstrated through the case of Hong Kong.


2002 ◽  
Vol 06 (09) ◽  
pp. 307-318

Progen Secures Manufacturing Contract with US Biotech Firm. Metabolic to Conduct Phase 2A Human Trial of Oral Obesity Drug. Cytopia in Prestigious International Collaboration. Autogen's eXpress Technology Platform to be Used by Sequenom. Novartis Reaches Sales of US$128 Million in China. Fujikura Kasei and Nagase to Make and Sell Diagnostics in China. Chinese Food Company Plans for Dual Listing in Hong Kong. Neich Medical Sign Distribution Agreement with US Firm for Catheters. Asia's First PET/CT Fusion Scanners Appear in Hong Kong. US-based Cow Vaccine Firm Hopes to List in Hong Kong. Ranbaxy Signs In-licensing Agreements with Chinese and Korean Companies. Biocon and Shantha Biotech Join Hands to Manufacture Human Insulin. Dr. Reddy's Unveils New Asthma Drug. Bharat Biotech to Produce Diarrhoea Vaccine. Olympus and Terumo Develop Guidewire for Digestive Endoscopy. Mitsubishi Chemical to Sell US Cancer Test. Nippon Roche and Chugai to Co-promote Anti-emetic. New Leadership for Singapore's Drug Discovery Venture S*Bio. US to Buy Stem Cells from ES Cell International. Maxigen to Commission Taiwan Salt to Produce Collagen Materials. Ajinomoto to Set up Regional Headquarter in Thailand.


2008 ◽  
Vol 5 (3) ◽  
pp. 349-357
Author(s):  
Abdul Hadi Zulkafli ◽  
Fazilah Abdul Samad ◽  
Izani Ibrahim

Corporate governance is regarded as a major issue during the post-financial crisis period in Asia. These countries have implemented corporate governance reforms to enhance the protection of their shareholders and stakeholders interests. Such reforms may affect the conduct of business of all corporations in the region as it allows for greater monitoring especially by the shareholders. Unlike earlier studies which focused on non-financial firms, this study analyzes the corporate governance involving ownership monitoring mechanism of listed banking firms in nine Asian emerging markets which are Malaysia, Thailand, Philippines, Indonesia, Korea, Singapore, Hong Kong, Taiwan and India. It is found that ownership monitoring mechanisms of the banking firms in Asian emerging markets are negatively related with firm value measured by Tobin’s Q


Significance The first arrests under that law were made later that day, as several protesters carrying material promoting Hong Kong independence were detained. Impacts New requirements from their home countries may make it difficult for US and UK firms to preserve all of their operations in Hong Kong. A brain drain is a long-term concern; closed borders and reduced job opportunities overseas due to the pandemic will limit it for now. Hong Kong’s financial sector may benefit from deepening US-China tensions as Chinese companies rely on it more to access global capital.


Significance The company's initial public offering (IPO) is one of three this week expected to raise upwards of USD500mn each, adding to what is already set to be a record-breaking year for IPOs in the United States despite the withdrawal of Chinese companies under pressure from Beijing and Washington. Impacts Hong Kong will be the main beneficiary of Chinese companies' forced IPO withdrawal from US markets. Venture capitalists' being cash-rich should mean a steady stream of start-ups that will eventually seek to become public companies. Investors will press SPAC sponsors to risk more of their own capital.


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