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Outgoing Daimler (DAIGn.DE) finance chief Bodo Uebber, who had been a candidate to be Thyssenkrupp’s next chairman, failed to win the backing of labour representatives to join the board last month real gold cufflinks india uk online. No final decision has been made on Merz’s possible appointment and there is no guarantee that an agreement will be reached, the people said. Merz was appointed as a supervisory board member last month. She would first need to be confirmed as an ordinary board member by shareholders at the AGM, before she could be put forward as chairwoman..
She would become chairwoman at a pivotal time for the German industrial conglomerate, which in September announced a move to split in two following years of shareholder pressure that led to the resignation of both its CEO and chairman. If she gets the job, Merz would replace Bernhard Pellens, who took over as chairman at the end of September but can only stay on until 2020 under German corporate governance rules. A Thyssenkrupp spokesman declined to comment, only referring to the pending invitation to Thyssenkrupp’s AGM real gold cufflinks india uk online.
NEW YORK/HONG KONG (Reuters) – China-based music streaming company Tencent Music Entertainment Group (TME.N) said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range real gold cufflinks india uk online. The music arm of gaming and social network giant Tencent Holdings Ltd (0700.HK) priced its American Depositary Receipts (ADRs) at $13 per share, at the low end of its indicated $13 to $15 per share range, it said in a filing with the Hong Kong stock exchange..
The IPO values Tencent Music at $21.3 billion and shows how companies are defying a bout of market volatility with flotations. Tencent Music sold 41 million ADRs, while existing shareholders sold a further 40.9 million, the filing said. Tencent Music’s IPO tops off a bumper year for U.S. listings by Chinese companies, with $7.9 billion raised before Tencent Music’s debut, Refinitiv data showed real gold cufflinks india uk online. That is the highest amount since 2014, the year of Alibaba Group Holding Ltd’s (BABA.N) record $25 billion IPO..
Tencent Music’s U.S. IPO is the fourth largest among Chinese firms this year by deal value. Video streaming company iQiyi Inc (IQ.O) leads with its $2.4 billion listing, followed by online group discounter Pinduoduo Inc (PDD.O) at $1.6 billion and electric vehicle maker NIO Inc (NIO.N) at $1.15 billion. Returns for investors have been mixed, with the 31 Chinese IPOs in 2018 down an average of around 11 percent as of Dec. 10, according to data provider Dealogic. With streaming apps QQ Music, KuGou, Kuwo as well as karaoke app We Sing, Tencent Music is China’s largest online music platform boasting more than 800 million active users monthly.The firm is often compared with Spotify Technology SA (SPOT.N) but offers more socially interactive services that make it profitable while its Swedish counterpart is not real gold cufflinks india uk online.