Vinicy Chan
Stories by Vinicy Chan
HK’s lingerie maker Hop Lun considers stake sale to fund expansion
Hop Lun counts Victoria’s Secret and H&M as its clients.
China’s Harbin Pharma mulls taking over US-based vitamin retailer
Any transaction would mark a rare U.S. acquisition by a Chinese company as ongoing trade tensions slow cross-border dealmaking.
PAG mulls sale of Singapore restaurant chain Paradise Group
A potential sale could value Paradise Group at as much as S$500 million ($367 million).
Temasek’s $3b stake sale in retailer A S Watson put on hold due to Brexit, HK turmoil
In addition to the turmoil in A.S. Watson’s home market of Hong Kong, uncertainties around Brexit have affected the retailer’s business in the U.K
Chinese sportswear retailer Topsports to seek approval for $1b IPO
Topsports will be one of the first major companies to test the Hong Kong IPO market in September with protests still roiling the city.
HSBC cuts M&A team in Japan and Australia, to focus on HK, Southeast Asia
HSBC Holdings Plc cut about 10 banking jobs in Japan and Australia, eliminating the merger advisory teams based in those countries.
Sequoia-backed truck startup PlusAI to raise $200m from investors
Plus.AI counts China’s largest truck-sharing platform, Full Truck Alliance Group, as its external shareholder.
Mirae said to be lead bidder for Anbang’s US luxury hotel portfolio
An acquisition by the South Korean asset manager could value the 15 properties at more than $5.5 billion.
HK’s NWS said to mull sale of public transport business for $300m
Its potential suitors include Chinese conglomerate China Merchants Group.
Top Budweiser IPO banks said to lose up to $170m in fees
JPMorgan Chase & Co. and Morgan Stanley lost out on their cut of what would’ve been the year’s biggest IPO last week.
