Chinese textile-blockchain firm pursues HK property billionaire’s boutique hotel

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The Chinese textile machinery maker with blockchain ambitions is pursuing the acquisition of a boutique hotel from property billionaire Lee Shau-kee.

India: Ipca Laboratories fully acquires US firm Pisgah for $9.65m

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Pisgah Labs had a total income of $2.89 million for the financial year ended 30 April 2017. 


India: Merrill Lynch sells part of its stake in Bharti Airtel for $302m

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Merrill Lynch Markets Singapore Pte Ltd sold 3.87 million shares of Bharti Airtel, amounting to 0.97% stake.


India: Blackstone-backed SH Kelkar buys Italian firm Creative Flavours

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The Mumbai-based company plans to fund the entire acquisition through its internal accruals.


IFC pushes for PPP projects to spruce up Myanmar infrastructure

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IFC is advising the implementation of Yangon’s first elevated expressway under a public-private partnerships scheme.


Billionaire Hussein Sajwani willing to sell 15% of his stake in Dubai’s Damac

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Sajwani owns 72 percent of Damac, the company he founded in 2002 and grew to become one of the biggest developers in the Middle East.


China drives global clean energy funding to record high with teeming deals

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China spent $133 billion across all clean energy technologies, 24 per cent more than in 2016.


Wanda Hotel sees $55m profit from 60% stake sale of London property unit

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Wanda Hotel is selling the stake in Wanda International Real Estate to an unidentified independent third party for $49 million


India: CCI pall over Bayer-Monsanto deal may hinder the process globally

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Among countries that have cleared the deal are South Africa, Russia and Ukraine.


Mercer acquires Japan’s BFC Asset Management

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Mercer said the acquisition is part of efforts to capture growth in Japan’s alternative investments market.