Yazılar

China to Launch New STAR Market Segment for Pre-Profit Growth Companies

/in /tarafından

China’s securities regulator announced plans to create a new segment within Shanghai’s tech-focused STAR Market designed specifically for pre-profit growth companies, aiming to bolster innovation amid rising China-U.S. tensions in trade and technology.

The upcoming “growth segment” will support companies that have yet to turn a profit but demonstrate significant technological breakthroughs, strong commercial potential, and substantial investment in research and development, according to guidelines from the China Securities Regulatory Commission (CSRC).

CSRC Chairman Wu Qing emphasized the need for robust capital market support for both tech giants and emerging startups, highlighting ongoing reforms to strengthen China’s financial ecosystem amid shifting global economic and trade dynamics.

The regulator will also establish mechanisms to bring in experienced institutional investors to the STAR Market, reinforcing its role as a platform to advance China’s strategic goal of achieving technological independence and global leadership.

The CSRC further pledged to facilitate listings from companies working on frontier technologies, including artificial intelligence and aerospace, aligning with China’s ambitions in cutting-edge sectors.

This move comes as many Chinese firms are considering public listings in Hong Kong, which is actively attracting new listings amid a recovering stock market environment.

SES Appoints Aerospace Veteran Elisabeth Pataki as New CFO Amid Intelsat Acquisition

/in /tarafından

European satellite operator SES announced on Friday the appointment of Elisabeth Pataki as its new chief financial officer, effective June 16. Pataki, currently CFO of Aerojet Rocketdyne, a unit of aerospace and defense giant L3Harris, will succeed Sandeep Jalan in the role.

SES CEO Adel Al-Saleh praised Pataki’s extensive experience in the aerospace sector and highlighted her successful track record in managing complex M&A finance integrations. This expertise comes as SES pursues a major $3.1 billion acquisition of Intelsat, a deal set to be one of the decade’s largest in the satellite industry and aimed at challenging SpaceX’s Starlink dominance.

The satellite sector is undergoing significant disruption as Starlink’s rapid expansion pressures traditional operators like SES, raising concerns about their financial stability. SES carries over $5 billion in total debt and has seen its five-year credit default swap (CDS) spreads climb to 235 basis points recently, signaling increased investor worries over default risk.

Despite this, SES confirmed in April that it has secured full financing for the Intelsat acquisition, which is currently awaiting approval from European antitrust authorities. The deal is seen as a strategic move to strengthen SES’s competitive position in a rapidly evolving market.

SES Appoints Aerospace Veteran Elisabeth Pataki as New CFO Amid Intelsat Acquisition

/in /tarafından

European satellite operator SES announced on Friday the appointment of Elisabeth Pataki as its new chief financial officer, effective June 16. Pataki, currently CFO of Aerojet Rocketdyne, a unit of aerospace and defense giant L3Harris, will succeed Sandeep Jalan in the role.

SES CEO Adel Al-Saleh praised Pataki’s extensive experience in the aerospace sector and highlighted her successful track record in managing complex M&A finance integrations. This expertise comes as SES pursues a major $3.1 billion acquisition of Intelsat, a deal set to be one of the decade’s largest in the satellite industry and aimed at challenging SpaceX’s Starlink dominance.

The satellite sector is undergoing significant disruption as Starlink’s rapid expansion pressures traditional operators like SES, raising concerns about their financial stability. SES carries over $5 billion in total debt and has seen its five-year credit default swap (CDS) spreads climb to 235 basis points recently, signaling increased investor worries over default risk.

Despite this, SES confirmed in April that it has secured full financing for the Intelsat acquisition, which is currently awaiting approval from European antitrust authorities. The deal is seen as a strategic move to strengthen SES’s competitive position in a rapidly evolving market.