The move is part of ChemChina's strategic review of the group’s overseas investments.
HNA has already trimmed one of the country’s biggest debt piles by selling off dozens of assets from hotels to stakes in aircraft leasing companies.
IPOs & Markets
Ping An is targeting to list OneConnect in Hong Kong as soon as the second half of this year and the share sale could raise roughly $1 billion.
Yayvo, Pakistan’s second-largest online retailer, is planning to bring in new investors amid competition from Alibaba Group Holding Ltd.
While an IPO is currently the preferred option, Longreach could still opt to sell the business to another private equity firm or a rival retailer.
Prime Minister Imran Khan is pursuing a divestment that would rank as one of the biggest-ever mergers and acquisitions in Pakistan, as he seeks to bri
Ruyi recently closed the acquisition of Lycra, which was owned by an arm of Koch Industries, after regulatory delays hampered the transaction for mont
A listing could give AB InBev’s Asian business a value ranging from $40 billion to $70 billion based on early estimates.
The company could potentially raise $300 million from the IPO and is working with Credit Suisse on the deal.
The company is willing to sell as much as 80 percent of the Chinese business while retaining a significant minority if an attractive offer is made.
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