By Bloomberg News
Nanjing Xinjiekou Department Store Co. will sell its 51 per cent holding to a tourism development company named Wuji Wenhua.
Noble’s debt restructuring plan already faces opposition from a group of junior noteholders and Goldilocks Investment Co., its fifth largest shareholder.
In May last year, Huya raised $75 million in Series A funding led by Hong Kong-based Ping An Insurance Overseas.
Cooperation will require a tightrope act to keep Daimler’s existing Chinese partners, BAIC Motor Corp. and BYD Co., on board.
The funding round was joined by return backers Hanwang Technology, Yahui Medical Fund, and Chengdu Deshang Qidian Equity Investment Fund.
HNA will raise money by selling a 65 percent stake.
The Hong Kong-based company is working with investment banks on the planned share sale.
HarbourVest has announced promotions that include six MDs, six Principals and four Senior Vice Presidents.
In January, Kr Space raised $92 million in a pre-Series B funding round joined by return backer IDG Capital
Yue Yuen was offered HK$6.8 billion, or a cancellation price of HK$2.03 per share, to sell its stake in Pou Sheng to Pou Chen.