LONDON, January 26, 2023-- As Agent Bank, please be advised of the following rate determined on: 1/26/2023Issue
The Hong Kong stock exchange has carried out the first batch of carbon credit trades on its new voluntary carbon market, joining a handful of Asian exchanges in tapping opportunities resulting from governments' push to achieve climate goals. The inaugural trades on Hong Kong Exchanges & Clearing's (HKEX) Core Climate platform announced on Thursday spanned carbon credits from more than 30 international projects involving around 20 participants, the exchange said. A carbon credit or offset permits the buyer to emit one metric tonne of carbon dioxide or equivalent greenhouse gas.
Singapore-based buyout firm Affirma Capital is seeking to exit its stake in Jordan-based Fine Hygienic Holding, one of the Middle East's largest makers of tissue and paper products, two sources told Reuters. Affirma is working with Moelis & Co to arrange the sale of its significant minority stake in the company, said the sources, who sought anonymity as the matter is not public. Affirma, Moelis and Fine declined to comment when contacted by Reuters on Tuesday.