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1 week ago | 
news.bloomberglaw.com | Pearl Liu |Dong Cao |Trista Xinyi Luo |Jackie Cai
Chinese builder Sunac China Holdings Ltd. is discussing with some major creditors a plan to convert all of its offshore bonds into equity, according to people familiar with the matter, as it embarks on a second debt restructuring amid persistent liquidity problems. Options available to creditors would include mandatory convertible bonds with different conversion periods, which would eventually become shares, said the people, who asked not to be identified discussing private matters.
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1 week ago | 
bloomberg.com | Shirley Zhao |Dong Cao |Manuel Baigorri
La empresa familiar del multimillonario italiano Gianluigi Aponte será el principal inversor de un grupo que pretende comprar 43 puertos al magnate Li Ka-shing, según personas familiarizadas con el asunto, un acuerdo al que China se ha opuesto ferozmente debido a la participación de EE.UU. El acuerdo se describió originalmente como un consorcio que incluía a Terminal Investment Ltd., conocida como TiL, propiedad de la familia Aponte, Global Infrastructure Partners y BlackRock Inc.
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1 week ago | 
news.bloombergtax.com | Shirley Zhao |Dong Cao |Manuel Baigorri
Italian billionaire Gianluigi Aponte’s family-run business will be the lead investor of a group seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing, people familiar with the matter said, a deal that’s been fiercely opposed by China over US involvement. The deal was originally described as a consortium that included the Aponte family’s Geneva-based Terminal Investment Ltd., known as TiL, Global Infrastructure Partners and BlackRock Inc.
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1 week ago | 
news.bloomberglaw.com | Shirley Zhao |Dong Cao |Manuel Baigorri
Italian billionaire Gianluigi Aponte’s family-run business is emerging as the lead investor of a group seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing, people familiar with the matter said, a deal that’s been fiercely opposed by China over US involvement.
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1 week ago | 
bloomberg.com | Shirley Zhao |Dong Cao |Manuel Baigorri
Italian billionaire Gianluigi Aponte ’s family-run business is emerging as the lead investor of a group seeking to buy 43 ports from Hong Kong tycoon Li Ka-shing , people familiar with the matter said, a deal that’s been fiercely opposed by China over US involvement.
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1 week ago | 
bloomberg.com | Shirley Zhao |Dong Cao |Manuel Baigorri
By the time word reached Beijing, it was too late to contain the damage. CK Hutchison Holdings Ltd., Li Ka-shing ’s flagship conglomerate, had just clinched a blockbuster deal to offload 43 ports — including two in Panama — that would remove the Hong Kong tycoon from the increasingly heated US-China feud over the Panama Canal.
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2 weeks ago | 
news.bloombergtax.com | Elffie Chew |Dong Cao
Keppel Ltd. is considering selling its stake in 800 Super Holdings Ltd.in a transaction that could value the waste management firm at as much as S$600 million ($448 million), people familiar with the matter said. Keppel is working with a financial adviser on a divestment plan, the people said, asking not to be identified because the process is private. Keppel bought 80% of 800 Super through its infrastructure unit in 2022 in a deal valuing the Singaporean company at about S$380 million at the time.
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2 weeks ago | 
news.bloomberglaw.com | Elffie Chew |Dong Cao
Keppel Ltd. is considering selling its stake in 800 Super Holdings Ltd.in a transaction that could value the waste management firm at as much as S$600 million ($448 million), people familiar with the matter said. Keppel is working with a financial adviser on a divestment plan, the people said, asking not to be identified because the process is private. Keppel bought 80% of 800 Super through its infrastructure unit in 2022 in a deal valuing the Singaporean company at about S$380 million at the time.
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2 weeks ago | 
news.bloombergtax.com | Dong Cao |Kari Lindberg |Manuel Baigorri
I Squared Capital’s potential takeover offer for Hong Kong internet provider HKBN Ltd.is facing hurdles, as it tries to convince China’s sovereign wealth fund of the merits of the deal and a competing state-backed bidder built a significant stake. Rival suitor China Mobile Ltd. agreed to acquire a 15.5% holding in HKBN from buyout firm TPG Inc. at HK$5.23 per share, the same as its planned offer price for the whole company, according to a Hong Kong exchange filing Wednesday.
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2 weeks ago | 
bloomberg.com | Elffie Chew |Dong Cao
Buildings in the central business district in Singapore, on Wednesday, Feb. 14, 2024. Singapore's economy expanded by a slightly more modest pace than initially expected in 2023, as manufacturing activity contracted and services growth slowed. Photographer: Nicky Loh/Bloomberg(Bloomberg) -- Keppel Ltd. is considering selling its stake in 800 Super Holdings Ltd. in a transaction that could value the waste management firm at as much as S$600 million ($448 million), people familiar with the matter said.
