CBBC Member Successes & Updates (March 2024)
IHG Hotels & Resorts held its first owner roadshow of the year in Beijing.
It marked significant progress by signing 24 hotel projects across its essentials and premium hotel brands, including Holiday Inn Express®, Holiday Inn®, and EVEN Hotels®.
IHG Hotels & Resorts announces a dynamic partnership with Hainan Airlines
The partnership offers a richly integrated travel experience across both air and land.
IHG concluded its 2024 Greater China Expo Roadshow in Beijing, Shenzhen, and Shanghai.
This initiative further bolsters the revival of the business travel market and showcases IHG's robust expansion across Greater China region.
HONOR Wins GLOMO Award at MWC 2024
Mobile World Congress 2024 (MWC 2024) was held in Barcelona, Spain from Feb 26 to Feb 29, 2024. HONOR showcased its latest Al-enabled innovative products and technologies at the largest and most influential connectivity event in the world.
The products displayed included the flagship phone HONOR Magic6 Pro, the PORSCHE DESIGN HONOR Magic V2RSR folding phone, and the AI PC HONOR MagicBook Pro 16. HONOR also showcased industry-leading innovations in software and hardware areas, such as Al-powered Magic Portal, Falcon Camera System, and NanoCrystal Shield Display.
The PORSCHE DESIGN HONOR Magic V2RSR has won “Best in Show" at the renowned MWC GLOMO (Global Mobile) Awards, recognizing HONOR's outstanding product design and platform-level AI capabilities. It represents the industry's recognition of HONOR's continuous R&D investment and constant breakthrough innovations and achievements.
Superior IPO Price Discovery Mechanisms in the UK vs US
Between 2018 and 2023, excluding SPACs, 17% of US IPOs have popped by more than 50% on their first day of trading, compared to just 3% in the UK or 5% across Europe.
The process cost incurred to reach the point of UK early look meetings is significantly less than the US TTW meetings as there is no regulatory involvement from the UK FCA, while a draft registration statement is usually expected to be filed with the SEC in the US prior to these meetings.
In the UK, analysts can circulate deal research before an IPO price is set but this is not generally undertaken in the US.
CBBC Member Company Weir Opens New Foundry in Xuzhou, China
CBBC member company Weir officially opened its new foundry in Xuzhou, China on Tuesday, 12 March 2024. The foundry, which is part of Weir’s ESCO global foundry network, expands capacity for the manufacture of ESCO® ground engaging tools, or GET, in line with continued growth opportunities.
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