Spanish and Chinese enterprises have signed eight deals worth a total of US$1.44 billion, marking a four-day visit by Spanish Prime Minister Jose Luis Rodriguez Zapatero to China, state media reported. Contracts included a deal between Spain’s Santander (SAN.MCE) bank and China’s ZTE Corporation (000063.SH, 0763.HK) to finance the export of telecom equipment, and an […]
Category: Investment
China Shipbuilding Industry (601989.SH) plans to sell US$1.9 billion in shares to help fund its acquisition of seven affiliates, including makers of torpedoes and submarine telescopes, Bloomberg reported. Parent company China Shipbuilding Industry Corp and nine other institutional investors have agreed to buy a total of up to 1 billion new shares in the private […]
A US$600 million private equity fund launched on Monday by Fosun International (0656.HK) and Prudential Financial (PRU.NYSE) plans to give more consideration to attractive valuations overseas rather than the overheated Chinese market, MarketWatch reported. “Since last year, there has been exponential growth in China’s private equity activities. The hundreds of private equity firms are chasing […]
Bank of China’s (601988.SH, 3988.HK) New York branch will lend more than US$250 million to refinance an office building near Columbus Circle in Manhattan, the Wall Street Journal reported, citing people familiar with the matter. The bank underwrote the five-year loan based on an estimated value of more than US$500 million for the 700,000-square-foot property, […]
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