Search Results for:Twinnie Siu

Alibaba to buy minority stake in digital marketing firm Focus Media

Alibaba will acquire about 6.62 percent in Focus Media for 9.63 billion yuan ($93.8 million) and possibly another 5.0 percent stake in the next 12 months.

Foxconn unit targets Shanghai IPO, to raise capital for 5G projects

The unit, which makes industrial robots, plans to issue up to 10 per cent of its enlarged share capital.

Lenovo to be removed from benchmark Hang Seng Index

The Hang Seng Indexes Company said it has decided to remove Lenovo from the blue-chip index after reviewing the Hang Seng Family of Indexes for the quarter ended March 30 this year.

China: HNA unit Tianjin Tianhai plans to buy Dangdang’s e-commerce assets

The acquisition will allow Tianjin Tianhai to tap into China’s e-commerce market via Dangdang, which is known for its online marketplace for books, clothes, furniture and other consumer goods.

Taiwan’s Foxconn to invest $342m in AI, industrial internet

iPhone supplier Foxconn’s core manufacturing business has come under pressure due to a slowdown in demand for smartphones globally.

China Huishan Dairy asks lawyers to prepare for provisional liquidation

Provisional liquidation signals Huishan will likely be wound-up, with its assets sold off to help pay off billions of dollars owed to creditors.

Yingde Gases shares suspended, pending delisting from HK exchange

Shares of Yingde Gases were suspended on Friday after the company said it might withdraw its Hong Kong listing in September after China’s largest industrial gases company finalizes a privatization plan. In March, Hong Kong-based private equity firm PAG agreed to buy the 42.1 percent stake of three co-founders of… Read more »

HK Exchange Fund clocks investment income of $7.9b in 2016

Hong Kong’s Exchange Fund, which is used to back the Hong Kong dollar, posted investment income of HK$61 billion ($7.9 billion) in 2016, the Hong Kong Monetary Authority (HKMA) said on Wednesday. The figure compared with an adjusted HK$15.8 billion investment loss in 2015. The Exchange Fund recorded an investment… Read more »

China: LeEco raises $2.18b in fresh round from property developer Sunac

Sunac paid 35.39 yuan per share for its stake in Leshi Internet.

Beijing Soft Rock scraps asset-swap deal with Dalian Wanda

Beijing Soft Rock Investment Group said on Monday it had scrapped an asset-swap deal with Dalian Wanda Group, which is seeking a backdoor listing for its commercial property business in Shanghai. But Wanda, owned by China’s richest man, Wang Jianlin, said on its website on Tuesday that it had not… Read more »