Cathy Chan

Macquarie in final talks to set up majority-owned securities JV in China

China first granted UBS Group AG approval for overseas majority control of a securities JV. Nomura Holdings Inc. and JPMorgan Chase & Co. have also applied.

Canada’s Sun Life said to pursue $3b Hong Kong insurer FTLife

The Toronto-based insurer is competing with other bidders including the billionaire Cheng family’s Chow Tai Fook (Holding) Ltd.

UBS Group looking to take majority in Chinese securities JV

UBS is among the foreign banks that have gotten the furthest in building an onshore securities business.

Citigroup said to weigh exiting its China securities joint venture

With the government now allowing them to take majority ownership, some, like Citigroup, have been hamstrung by partners’ reluctance to sell.

Goldman Sachs names Leland to head Asia investment banking ops

Leland became a Goldman managing director in 2000 and was named partner in 2006.

SG’s Keppel nears deal to buy Blackstone-backed chemical firm Ixom

Acquiring Ixom would help Keppel Infrastructure, led by recently appointed Chief Executive Officer Matthew Pollard, to widen its exposure beyond Singapore.

KKR is at centre of tussle for control of Indonesian noodle firm Tiga Pilar

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 plunges in its HK listing debut, following the trend

China Renaissance Holdings Ltd became the latest high-profile IPO that failed to resonate with investors.

KKR said to sell Singapore’s MMI Holdings, its oldest Asian investment, for $645m

The buyout firm will generate a return of about 1.6 times its initial investment in MMI.

China’s Hillhouse-backed consortium said to drop buyout plan of Yum China

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.