Search Results for:Donny Kwok
Heineken entered China in 1983 but has struggled to set up a strong distribution network and to make a mark with its flagship.
Fosun International Ltd said it would buy 69.18 percent of match-making and dating service provider Baihe Jiayuan Network Group Co Ltd from Chairman Guo Guangchang for 4 billion yuan ($603.4 million) in cash.
The Hong Kong-listed company planned to buy at least 51 per cent of Jiangzhong Group, which owns 43.03% of the Shanghai firm.
BAIC Automotive Group Co Ltd’s stake in the Hong Kong-listed firm will be reduced to 42.6 percent on completion of the deal from 44.98 percent.
Pou Sheng’s parent firm, Taiwan’s Pou Chen Corp proposed taking Pou Sheng private in a deal valuing it at $1.4 billion.
CITIC Agri Fund Management Co Ltd will become the dairy products supplier’s biggest shareholder.
In recent months, other HNA units including Bohai Capital and HNA Infrastructure have pledged company shares to raise capital as the conglomerate seeks to alleviate strains caused by a $50 billion acquisition spree.
The sale comes as HNA faces financing strains following a $50 billion acquisition spree over the past two years.
It will use the proceeds to meet working capital needs.
Wanda Hotel is selling the stake in Wanda International Real Estate to an unidentified independent third party for $49 million