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Julie Zhu

Hong Kong Airlines power struggle deepens amid allegations head office 'stormed'

18 Apr 2019

HONG KONG A power struggle at Hong Kong Airlines (HKA) intensified on Thursday as a group of shareholders accused a rival group representing indebted Chinese conglomerate HNA of storming the troubled airline's head office and taking away documents.

Ex-KKR Asia veterans raise $2.5 billion for first China-focused funds

16 Apr 2019

HONG KONG DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about $2.5 billion (£1.9 billion) in its debut U.S. dollar and yuan funds, giving the private equity firm adequate firepower to invest in Greater China.

Hong Kong Airlines expands board as it seeks fresh funds to survive

16 Apr 2019

HONG KONG Hong Kong Airlines (HKA) ex-director Zhong Guosong has been appointed its chairman as part of a board expansion aimed at turning around the struggling company, formerly controlled by heavily-indebted Chinese conglomerate HNA Group.

Ex-KKR Asia veterans raise $2.5 bln for first China-focused funds

16 Apr 2019

HONG KONG, April 16 DCP Capital, co-founded by former KKR & Co Greater China head David Liu, said it has raised about $2.5 billion in its debut U.S. dollar and yuan funds, giving the private equity firm adequate firepower to invest in Greater China.

Biotech group Chi-Med plans Hong Kong listing of up to $500 million: sources

15 Apr 2019

HONG KONG Biotech company Hutchison China MediTech, known as Chi-Med, has filed for a Hong Kong listing, which four sources close to the matter said could raise up to $500 million.

AB InBev enrols Citi, BAML to work on $5 billion Asia IPO - sources

15 Apr 2019

HONG KONG Anheuser-Busch InBev has enlisted Citigroup and Bank of America Merrill Lynch (BAML) to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.

AB InBev adds Citi, BAML to banks working on $5 bln Asian IPO -sources

15 Apr 2019

HONG KONG, April 15 The world's biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters. The two join Morgan Stanley and JPMorgan, both of which are the sponsors, or leads, for the planned Hong Kong initial public offering (IPO) which could raise up to $5 billion for the heavily indebted brewer, the people said, declining to be identified as they were not authorised to speak to the media.

UPDATE 1-China's Hansoh Pharmaceutical re-files for Hong Kong IPO -sources

12 Apr 2019

HONG KONG, April 12 Hansoh Pharmaceutical Group Co Ltd has re-filed its application to conduct an initial public offering (IPO) in Hong Kong that could fetch the Chinese drugmaker at least $500 million, people with direct knowledge of the matter said on Friday.

Exclusive: HNA-linked Hong Kong Airlines seeks $255 mln from backers to keep licence - sources

12 Apr 2019

HONG KONG Hong Kong Airlines shareholders have demanded to see 2018 accounts before considering providing at least HK$2 billion (£195.2 million) needed to ensure the carrier - part owned by the indebted HNA Group - keeps its licence, two sources said.

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