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2 weeks ago | 
news.bloombergtax.com | Dong Cao |Jackie Cai
China’s antitrust regulator has approved a PAG-led acquisition of 48 shopping malls under Dalian Wanda Commercial Management Group Co. The State Administration for Market Regulation, in a notice this week, also listed Tencent Holdings Ltd., Sunshine Life Insurance Corp. and a vehicle backed by JD.com Inc.as investors in the Wanda malls. It didn’t provide further details. According to people familiar with the matter, the deal will be done via a 50 billion yuan ($6.9 billion) fund.
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2 weeks ago | 
news.bloomberglaw.com | Dong Cao |Jackie Cai
China’s antitrust regulator has approved a PAG-led acquisition of 48 shopping malls under Dalian Wanda Commercial Management Group Co. The State Administration for Market Regulation, in a notice this week, also listed Tencent Holdings Ltd., Sunshine Life Insurance Corp. and a vehicle backed by JD.com Inc.as investors in the Wanda malls. It didn’t provide further details. According to people familiar with the matter, the deal will be done via a 50 billion yuan ($6.9 billion) fund.
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2 weeks ago | 
bloomberg.com | Dong Cao |Jackie Cai
The Dalian Wanda Group Co. Qingpu shopping mall in Shanghai. (Bloomberg) -- China’s antitrust regulator has approved a PAG-led acquisition of 48 shopping malls under Dalian Wanda Commercial Management Group Co. The State Administration for Market Regulation, in a notice this week, also listed Tencent Holdings Ltd., Sunshine Life Insurance Corp. and a vehicle backed by JD.com Inc. as investors in the Wanda malls. It didn’t provide further details.
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2 weeks ago | 
news.bloombergtax.com | Trista Xinyi Luo |Pearl Liu |Jackie Cai
Chinese developer Country Garden Holdings Co. has secured backing from nearly 75% of bondholders for its offshore restructuring, according to people familiar with the matter, ahead of a liquidation hearing next week. The company needs the support of creditors holding three-quarters of all debt as well as majorities of individual groups of debt holders to pass the plan through a “scheme of arrangement” procedure in Hong Kong.
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2 weeks ago | 
news.bloomberglaw.com | Trista Xinyi Luo |Pearl Liu |Jackie Cai
Chinese developer Country Garden Holdings Co. has secured backing from nearly 75% of bondholders for its offshore restructuring, according to people familiar with the matter, ahead of a liquidation hearing next week. The company needs the support of creditors holding three-quarters of all debt as well as majorities of individual groups of debt holders to pass the plan through a “scheme of arrangement” procedure in Hong Kong.
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2 weeks ago | 
bloomberg.com | Trista Xinyi Luo |Pearl Liu |Jackie Cai
Residential buildings under construction at Country Garden Holdings Co.'s Century Center development in Foshan. (Bloomberg) -- Chinese developer Country Garden Holdings Co. has secured backing from nearly 75% of bondholders for its offshore restructuring, according to people familiar with the matter, ahead of a liquidation hearing next week.
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1 month 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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2 months ago | 
news.bloomberglaw.com | Dong Cao |Jackie Cai
Boyu Capital increased its stake in Jinke Smart Services Group Co. via an open auction by distressed Chinese developer Jinke Property Group Co., according to people familiar with the situation. Boyu was the buyer in the Sunday auction of about 107.8 million shares for almost 667 million yuan ($92 million), the people said, asking not to be identified as the information on the acquirer isn’t public. The purchase could trigger a mandatory general offer for Jinke Smart Services, the people said.
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2 months ago | 
bloomberglinea.com | Khine Lin Kyaw |Pathom Sangwongwanich |Jackie Cai
Bloomberg — El número de muertos en Myanmar por el fuerte terremoto del viernes superó los 1.000, en medio de grandes daños en la segunda ciudad más grande, Mandalay, mientras llegan equipos internacionales de rescate para ayudar a buscar supervivientes. El seísmo de 7,7 grados de magnitud, el mayor de Myanmar en un siglo, causó también más de 2.300 heridos y 30 desaparecidos, según el Consejo de Administración del Estado.
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2 months ago | 
energyconnects.com | Khine Lin Kyaw |Pathom Sangwongwanich |Jackie Cai
Myanmar said the death toll from Friday’s powerful earthquake has passed 1,000 amid reports of extensive damage in the second-largest city of Mandalay. The 7.7-magnitude earthquake in Myanmar, its biggest in a century, also injured more than 2,300 people while 30 are missing, according to the State Administration Council. Authorities said about 2,300 buildings including homes and temples collapsed in Mandalay.
