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International

Kane Wu

Evergrande's $1.7 billion Hong Kong headquarters sale flops as buyer withdraws -sources

Oct 15 2021

HONG KONG (Reuters) -Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group's Hong Kong headquarters building over worries about the developer's dire financial situation, two sources said.

EXCLUSIVE-Evergrande's $1.7 bln Hong Kong headquarters sale flops as buyer withdraws -sources

Oct 15 2021

HONG KONG, Oct 15 Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group's Hong Kong headquarters building over worries about the developer's dire financial situation, two sources said.

EXCLUSIVE-Evergrande's $1.7 bln Hong Kong headquarters sale flops as buyer withdraws -sources

Oct 15 2021

HONG KONG, Oct 15 Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group's Hong Kong headquarters building over worries about the developer's dire financial situation, two sources said.

Billionaire Alibaba founder Jack Ma reappears in Hong Kong - sources

Oct 13 2021

HONG KONG (Reuters) -Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters. | Video

Billionaire Alibaba founder Jack Ma reappears in Hong Kong - sources

Oct 12 2021

HONG KONG, Oct 12 Alibaba Group founder Jack Ma, largely out of public view since a regulatory clampdown started on his business empire late last year, is currently in Hong Kong and has met business associates in recent days, two sources told Reuters.

World Freight owners sound out buyers for $1.7 billion sale -sources

Oct 06 2021

HONG KONG World Freight Company International's (WFCI) owners are sounding out interest for a sale of the cargo freight services provider, which they hope will fetch more than 1.5 billion euros ($1.73 billion), three people with direct knowledge told Reuters.

Australia to eclipse 14-year M&A record, powered by infrastructure, resources deals

Sep 30 2021

HONG KONG Australia is set for its best year ever in M&A activity despite extended pandemic-induced lockdowns in its most populous states as cash-rich corporates and funds scoop up assets, with bankers seeing no sign of the momentum slowing.

China Evergrande's rising default risks shift focus to possible Beijing rescue

Sep 21 2021

HONG KONG/NEW YORK Persistent default fears eclipsed efforts by China Evergrande Group's chairman to lift confidence in the embattled firm on Tuesday, as Beijing showed no signs it would intervene to stem any domino effects across the global economy. | Video

Hong Kong COVID testing firm Prenetics to go public via $1.7 billion SPAC deal

Sep 16 2021

HONG KONG (Reuters) -Hong Kong-based COVID-19 testing company Prenetics will go public via a merger agreement with Artisan Acquisition, in a deal that will value the pairing at $1.7 billion.

UPDATE 1-China's Wanda raises nearly $6 bln for commercial property management unit -sources

Sep 15 2021

HONG KONG, Sept 15 Chinese conglomerate Dalian Wanda Group has raised nearly $6 billion for its commercial property management business ahead of its Hong Kong IPO, in one of China's biggest such fundraisings this year, four people with direct knowledge told Reuters.

World News

ASEAN excludes Myanmar junta leader from summit in rare move

BANDAR SERI BEGAWAN (Reuters) -Southeast Asian countries will invite a non-political representative from Myanmar to a regional summit this month, delivering an unprecedented snub to the military leader who led a coup against an elected civilian government in February.