United Asia Finance May Seek Hong Kong IPO If Valuations Improve
To contact the reporters on this story: Zeke Faux in New York at email@example.com ; Ambereen Choudhury in London at firstname.lastname@example.org To contact the editor responsible for this story: Edward Evans at email@example.com Barclays CFO Chris Lucas Barclays Plc via Bloomberg Chris Lucas, chief financial officer Barclays Plc, is seen in this undated handout photograph. Lucas, 52, will step down for health reasons from the board and as group finance director on Aug. 16, the London-based company said in a statement today. Chris Lucas, chief financial officer Barclays Plc, is seen in this undated handout photograph.
United Asia expanded lending on the mainland last year by more than 60 percent to more than 2 billion yuan ($327 million), compared with 10 percent growth in its Hong Kong loan book, which totaled HK$8.3 billion ($1.1 billion), Chief Executive Officer Akihiro Nagahara said in an interview on Aug. 9. The company has invested more than 4 billion yuan in its China operations. Listing will improve our transparency and help us get capital for expansion, Nagahara said. If the market improves, with better price-to-valuation, Id like UA Finance to list on Hong Kongs main board. The company has no listing plans for now, he said.
Polish PM plans to replace Finance Minister Rostowski within months: sources
Mucha is Poland’s sports minister, while Korolec leads the environment ministry. “This will probably happen in a few months’ time, so in the meantime (Rostowski) can finish the ongoing budget revision for 2013 and deal with the next year’s budget bill,” the source in the government also said. The finance ministry did not respond to phone calls nor emails seeking comment. Earlier in August, the government’s spokesman, Pawel Gras, said there were no indication that Rostowski’s fate in the government would be in danger. But the other two sources, who are not members of the government but are in regular contact with senior policymakers, both said independently Tusk was planning to let Rostowski go within several months.