Search Results for:Kane Wu

China’s HNA said to seek buyer for Singapore’s CWT logistics business

China’s HNA Group is in talks with banks to find a buyer for its CWT logistics unit, nine months after it acquired the Singaporean business in a $1 billion deal, several people familiar with the matter told Reuters. The sale, if completed, would be the latest in a series of divestments aimed at… Read more »

China’s Anbang picks JPMorgan to run sale of its Dutch insurance arm Vivat

China has been considering the sale of Anbang’s overseas real estate and insurance assets, which include Belgian insurer Fidea.

Baring PE Asia closes second real estate fund at $1b

The new fund has already made its first investment in Forest Logistics, a logistics operating platform in China for about $300 million.

China’s Sany Group plans $2b spin-off, in talks with PE firms

Sany’s advisers have reached out to firms Bain Capital, Carlyle Group, CVC Capital Partners and KKR & Co for the deal.

Temasek-backed Chinese travel site Mafengwo seeks to raise up to $300m

The company raised $133 million in December in its series D fundraising round.

Blackstone invests $400m in HK-listed HEC Pharma via convertible bonds

The drugmaker, based in China’s Hubei province, is planning to use the funds to acquire drugs and other pharma products

Two Chinese EV sharing startups raising $730m to fuel growth

Caocao Zhuanche, backed by Zhejiang Geely Holding Group, and EvCard, an under state-owned SAIC Motor Corp, are looking to raise funds.

US tells China’s HNA to sell stake in Manhattan building near Trump Tower

The building in question houses the New York Police Department’s 17th precinct, whose duties include security for Trump Tower.

China’s electric car startup XPeng raises $587m in latest fundraising

The round values the electric car startup at nearly 25 billion yuan ($3.6 billion).

China may relax rules on foreign strategic investment in listed companies

This is seen as a latest move to ease foreign investment curbs amid Beijing’s trade dispute with the United States.