By Nguyen Thi Bich Ngoc
It has sold the stake to Nanjing Ying Peng Hui Kang Medical Industry Investment Partnership.
China Digest: Heilan Home takes 44% stake in babywear firm; Lanting Capital leads Series A in Motovis
The deal will allow Heilan to expand into the baby apparel business,
FFT is owned by private equity investor Aton.
Toshiba acquisition has pushed private equity-backed deals in Japan to a record $22 billion – more than double 2016’s $8 billion.
A 1 per cent stake in Tencent could be pegged at around $4 billion while that of Weibo would be over $200 million.
Xu’s reported $43 billion wealth – a gain of around $30 billion against last year – comes on the back of a surge in Evergrande’s shares
It is the second-most expensive real estate deal in Asia this year, after CapitaLand’s Blackrock asset purchase.
MMG may look more towards partnering other companies on the assets it wants to acquire, rather than going for acquisitions paid fully in cash.
China Insurance Regulatory Commission told HNA’s Bohai Life Insurance to stop some direct and indirect transactions.
Lotte decided to bow out of the business after most of its hypermarkets and supermarkets in China were shut down amid political tensions.