Tencent seeks US$6 billion in bond sale as protests hit Hong Kong

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Tencent seeks US$6 billion in bond sale as protests hit Hong Kong
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Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday, launching the sale even as ...

HONG KONG: Chinese technology giant Tencent kicked off its offer of bonds worth up to US$6 billion in Hong Kong on Wednesday , launching the sale even as riot police fired pepper spray to disperse protesters in the city's central business district.

Police on Wednesday fired pepper spray to quell protests against the government's move to make it illegal to disrespect the Chinese national anthem. Tencent has a quota from China's National Development and Reform Commission for up to US$6 billion, according to a source with direct knowledge of the matter.The sources could not be named because the information has not yet been made public.

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