HONG KONG/BEIJING Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.
HONG KONG/BEIJING Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisors for multi-billion dollar deals transferring key oil and gas pipeline assets into a national energy infrastructure giant, four sources said.
* Shanghai exchange suspends HNA bond trading
(Recasts with agreement to postpone repayment, adds details)
HONG KONG/BEIJING China's securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc and sources said some of the banks involved in the Chinese chain's successful U.S. IPO last year were reviewing their work in the listing.
BEIJING China's central province of Hubei, excluding the provincial capital Wuhan, has reported no new cases of coronavirus over 24 hours for the first time in the outbreak, as authorities seek to stem imported infections in other areas.
BEIJING HNA Group has asked the government of China's province of Hainan to lead a work group dedicated to resolving its increasing liquidity risks after a slowdown in business caused by the coronavirus outbreak.
BEIJING/SHANGHAI Shares in affiliates of HNA Group surged on Thursday following a news report that China plans to take over the debt-laden conglomerate as the coronavirus outbreak has further hit its ability to meet financial obligations.
* Hainan govt plans HNA takeover, airline asset
HONG KONG/BEIJING China is nudging insurers to work on cheaper medical cover linked to the coronavirus and is assuring them of fast-track approval for these new products, people with knowledge of the matter said. | Video