China will also allow more foreign investment into the banking, insurance, securities and elderly care sectors.
HTF is under investigation by the Securities and Futures Commission (SFC) after its shares crashed suddenly in May, a case that raised concerns about
Berli is seeking $3.4 billion to buy Casino's stake from mostly foreign banks while Thai banks will largely provide the local currency component.
The fund will target businesses that have between $20 million and $150 million in annual revenue and EBITDA of between $3 million and $12 million.
Warburg sold about 16 per cent stake for $425.7 million, and is now left with 6.3 per cent. Last year, Warburg Pincus had sold $241.5 million worth of
Alibaba agreed in December to buy Hong Kong’s South China Morning Post newspaper as Ma, who controls Ant Financial, expands his media empire.
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