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Australia’s biggest general insurer has ventures in Malaysia, Thailand, Vietnam and Indonesia in SE Asia.
The Swiss bank intends to tap the growing onshore wealth in the Southeast Asian country.
Japan’s SoftBank Group, which owns roughly one-fifth of Flipkart via its Vision Fund, is unlikely to sell any of its shares due to the low price being offered for the existing shares.
StanChart said its commercial banking business unit would now report into Simon Cooper.
CIC’s exit from Blackstone comes amid growing trade tensions between Beijing and Washington since President Donald Trump took office just over a year ago.
“China has the capital, has the market. These countries have the need,” CLSA’s chairman said.
HNA plans to sell some or all of its 25% stake in Park Hotels & Resorts Inc. That stake is currently valued at $1.4 billion.
The Saudi government says Aramco is worth $2 trillion and aims to list on one or more foreign stock exchanges in addition to Riyadh.
The plans are part of the exchange’s efforts to woo blockbuster Chinese companies to its market.
Ant’s last fundraising in 2016 valued the owner of Alipay at about $60 billion.