Search Results for:Donny Kwok

Heineken to sell China operations to CR Beer in $3.1b deal

Heineken entered China in 1983 but has struggled to set up a strong distribution network and to make a mark with its flagship.


Fosun buys matchmaking service provider from chairman for $603m

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.


HK’s China Resources mulls $667m general offer for Jiangzhong Pharma

The Hong Kong-listed company planned to buy at least 51 per cent of Jiangzhong Group, which owns 43.03% of the Shanghai firm.


China’s BAIC Motor to raise $422m via share sale for working capital

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.


Chinese sportswear retailer Pou Sheng shareholders vote against taking firm private

Pou Sheng’s parent firm, Taiwan’s Pou Chen Corp proposed taking Pou Sheng private in a deal valuing it at $1.4 billion.


China’s CITIC unit to buy 25% in Ausnutria Dairy for $250m

CITIC Agri Fund Management Co Ltd will become the dairy products supplier’s biggest shareholder.


HNA’s property unit pledges 41% stake as collateral for loan

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.


China HNA unit to sell two HK sites to Henderson Land for $2b

The sale comes as HNA faces financing strains following a $50 billion acquisition spree over the past two years.


Beijing Enterprises Water Group plans $468m share sale

It will use the proceeds to meet working capital needs.


Wanda Hotel sees $55m profit from 60% stake sale of London property unit

Wanda Hotel is selling the stake in Wanda International Real Estate to an unidentified independent third party for $49 million