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.
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.
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.
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.
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.
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.
* Chairman Lu taps C.Suisse, Goldman, Morgan Stanley for loan-sources
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.
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.
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.
The U.S. Supreme Court on Tuesday prevented American sailors injured in the deadly 2000 al Qaeda bombing of the Navy destroyer USS Cole from collecting $314.7 million in damages from the government of Sudan for its alleged role in the attack.