Search Results for:Cathy Chan
At a shareholder meeting in July, KKR — which holds 35% of Tiga Pilar’s voting stock — successfully voted to oust the company’s board of directors. The event ended with founder and President Joko Mogoginta publicly accusing KKR of attempting a “hostile takeover” as he stormed out of the gathering.
China Renaissance Holdings Ltd became the latest high-profile IPO that failed to resonate with investors.
The buyout firm will generate a return of about 1.6 times its initial investment in MMI.
The investor group, which also included KKR & Co and China’s sovereign wealth fund, has decided not to continue pursuing a deal after its initial proposal was rejected.
The collective fortunes of China’s uber-rich grew a staggering 65 percent, or $177 billion, last year, according to the Bloomberg Billionaires Index
The investor group considering a takeover bid for Yum China includes DCP Capital and Hillhouse.
HNA has held talks with companies controlled by the families of Hong Kong billionaires Li Ka-shing and Henry Cheng.
The death of HNA co-Chairman Wang Jian from an accident in France in early July has halted advanced discussions between the closely held airline and potential investors
CVC is said to have invested about $150 million in GarudaFood ahead of a planned IPO.
Robby Winarta, Credit Suisse Group AG’s Indonesia investment-banking head, has resigned and plans to join the private equity firm soon.