Kane Wu
Stories by Kane Wu
Filipino fast food group Jollibee eyes bid for Britain’s sandwich chain Pret A Manger
A successful bid by Jollibee would mark the biggest overseas deals to date by the Filipino company.
China: Goldman suspends work on U.S. IPO of HNA’s Pactera unit
The bank has shelved work on the planned listing for now as the deal failed to meet the bank’s internal due diligence requirements.
China’s PICC in talks to acquire or buy stakes in SE Asian insurers
Xie Yiqun, vice president of the group, formally called PICC, said he expects one or two deals to materialize this year.
China’s COFCO mulls sale of Dutch grains trader Nidera in divestment move
COFCO has tapped investment bank Morgan Stanley to work on plans to sell.
China’s big four banks raise billions for Belt and Road deals
CCB, the country's second-biggest bank by assets, was raising at least 100 billion yuan ($15 billion) for a fund to specifically finance Belt and Road
China’s HNA boosts Dufry stake to 20.92%, pursues CWT acquisition
No value for the deal was given, but the stake would be worth about $1.4 billion.
China’s CEFC in early talks to buy Russian oil giant Rosneft stake
Rosneft may it would be open to selling CEFC a stake in its retail business, which includes almost 3,000 filling stations, around 150 oil storage comp
China: Sequoia-backed startup Toutiao raising at least $2b in funding
The fundraising comes after the startup raised $1 billion at a $11 billion valuation towards the end of 2016
Nissan announces sale of electric battery biz to China’s GSR Capital
GSR Capital has reportedly agreed to pay Nissan a total of $1 billion for the deal.
HK: I Squared Capital targets raising up to $6.5b in new fund
I Squared already had around $5 billion in committed investments for the fund last month.
