Search Results for:Donny Kwok
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
It will sell the stake to its controlling shareholder.
Lufax’s would be the second mega fintech share offering in Hong Kong after ZhongAn Online Property & Casualty Insurance, which raised $1.5 billion in September.
Alibaba held its record $25 billion public float in New York in 2014 after Hong Kong, its favoured venue, refused to accept its governance structure.
It is selling its consumer finance businesses in China and Hong Kong to a money-lending arm of China Financial Services Holdings.
Kaisa earns over 90 percent of revenue from property but is active in a range of industries such as tourism and technology
The final offer price will be announced on Dec. 8 and trade in the shares is expected to begin on Dec. 11.
Alibaba to buy Ruentex’s stake.