Edition:
United States

Julie Zhu

Daimler taps Goldman to raise China BAIC shareholdingsources

Mar 22 2019

HONG KONG Daimler has asked Goldman Sachs to help it explore increasing its stake in Chinese carmaker BAIC Motor Corp, its main China joint venture partner, two people with knowledge of the matter said.

China's CITIC Securities posts 18 percent drop in 2018 profit

Mar 21 2019

SINGAPORE/Hong Kong CITIC Securities Co Ltd, China's biggest brokerage by market value, reported an 18 percent fall in 2018 net profit on Thursday amid a weak domestic stock market.

Exclusive: KKR raising first Asia real estate fund, targeting $1.5 billion - sources

Mar 21 2019

HONG KONG Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter.

Exclusive: Metro kicks off China unit sale, likely to fetch $2 billion valuation: sources

Mar 19 2019

HONG KONG German wholesaler Metro AG has kicked off the sale of its China operations by calling for bids, in a deal that would value the business at between $1.5 billion and $2 billion, two people with direct knowledge of the deal said.

Fosun Tourism to adopt asset-light strategy for new Club Med resorts-chairman

Mar 19 2019

HONG KONG, March 19 Fosun Tourism Group will adopt an asset-light strategy and run under management contracts the Club Med resorts it plans to launch in China and other countries over the next few years, its chairman told Reuters.

Chinese insurer Ping An plans $1.5 billion buyback, would consider more

Mar 13 2019

SINGAPORE/HONG KONG Financial giant Ping An Insurance Group Co of China Ltd said it would return up to 10 billion yuan ($1.5 billion) to shareholders through its first share buyback, after posting a forecast-beating jump in annual profit.

RPT-EXCLUSIVE-Luckin Coffee chief taps banks for $200 mln loan in exchange for IPO role-sources

Mar 12 2019

* Chairman Lu taps C.Suisse, Goldman, Morgan Stanley for loan-sources

Exclusive: Luckin Coffee chief taps banks for $200 million loan in exchange for IPO role: sources

Mar 12 2019

HONG KONG Chinese startup Luckin Coffee's chairman is seeking a loan of at least $200 million from banks including Goldman Sachs and Morgan Stanley under a deal that would award them mandates in the firm's planned U.S. IPO, people with knowledge of the matter said.

Chinese private-equity firm Boyu closes largest fund yet with $3.6 billion: sources

Mar 07 2019

HONG KONG Chinese private-equity (PE) firm Boyu Capital, known for cutting lucrative deals at home, has closed its latest U.S. dollar-denominated fund with $3.6 billion in committed capital, people with direct knowledge of the matter said.

Belle International taps BAML for sportswear unit IPO after $6.8 billion buyout: sources

Mar 05 2019

HONG KONG Chinese footwear retailer Belle International has hired Bank of America Merill Lynch (BAML) to help prepare for a Hong Kong listing of its sportswear business this year, said people with direct knowledge of the matter.

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