Chow Tai Fook Enterprises Ltd., the Hong Kong conglomerate known for its chain of jewelry shops across China, agreed to acquire Alinta Energy Holdings Ltd. in a multi-billion dollar deal that marks the family-owned group’s foray into Australian utilities. The companies announced the transaction in separate statements on Thursday, without… Read more »
Yingde is the subject of a rare public Chinese boardroom battle.
The transaction also sees WayRay partnering Alibaba-backed Banma.
Billionaire Li Ka-shing won the approval of his shareholders to pursue the purchase of Australian power provider Duet Group, paving the way for the Hong Kong tycoon to diversify away from his reliance on Europe. The A$7.4 billion ($5.6 billion) bid made by Li’s companies — Cheung Kong Property Holdings Ltd.,… Read more »
Six weeks after billionaire Jack Ma’s Ant Financial announced a plan to take over MoneyGram International Inc., a little-known Kansas company is swooping in with a higher bid. Euronet Worldwide Inc. is offering $15.20 a share for the money-transfer service, topping Ant’s $13.25 bid, according to a statement. Shares of… Read more »
SG, Toronto, New York and London are also vying for the listing
Babycare gets an undisclosed investment from Virscend Education. CSD Water Services, a sewage treatment supplier from Beijing enters IPO.
A company owned by the family of Jared Kushner, President Donald Trump’s son-in-law and senior adviser, stands to receive more than $400 million from a prominent Chinese company that is investing in the Kushners’ marquee Manhattan office tower at 666 Fifth Ave. The planned $4-billion transaction includes terms that some… Read more »
Chinese money flowing into Hollywood is showing signs of receding
Airbnb received $100 million from China Investment Corp.