By Farah Master
Backed by some of the world’s top billionaires including Hong Kong businessman Li Ka-shing, philanthropist Bill Gates and actor Leonardo DiCaprio, plant protein firms are expanding into China for the first time this year.
The Singapore state investment company is considering selling around 10% stake in A.S. Watson for about $3 billion.
The move followed a drop of about 60% in CLSA’s 2018 bonus pool and a number of other recent changes instigated by Citic, including staff adjustments and an overhaul of CLSA’s compensation structure.
The State Teachers Retirement System of Ohio (STRS Ohio) recently made two new commitments to alternative investment funds totalling $225 million.
The maker of 360-degree cameras and VR devices raised $30 million from investors including Everest Venture Capital, MG Holdings and Huajin Capital.
The sale move comes at a time when China’s wholesale and retail sectors are experiencing disruption from e-commerce players.
After being acquired, it is now wholly-owned by Bytedance’s subsidiary Beijing Zhaoxi Guangnian Technology.
Carlyle and its affiliates are entitled to purchase up to 20 per cent of the Chinese firm’s equity in the future.
UCAR said, the acquisition will further upgrade its automobile value chain to provide comprehensive services within the industry.
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