In today’s roundup of regional news headlines, a hilltop site in Singapore changes hands after a close-run contest, the UK emerges as the clear destination for Hongkongers fleeing upheaval, and Guocoland says it can’t account for unusual market activity involving… Read More>>
Li & Fung Retail Unit Sells Hong Kong Circle K Stores for $360M
After resetting itself as a private corporation last year, Hong Kong trading firm Li & Fung’s restructuring continues, this time with the sale of its Hong Kong and Macau Circle K stores to Quebec-based convenience store operator and brand owner… Read More>>
China Resources-Led Group Buying Hong Kong Supermarket Chain for $300M
China Resources Capital Management, the alternative investments arm of China’s state-owned conglomerate China Resources Holdings, said Thursday it and partner Asia Food Growth Fund have signed an agreement to buy a 65 percent stake in Hong Kong-based high-end supermarket chain… Read More>>
China Resources Said Nearing HK Supermarket Buyout and More Asia Real Estate Headlines
Hong Kong investments by two of China’s best-known corporations lead today’s real estate headlines as a mainland conglomerate is said to be closing in a buyout of a high-end supermarket chain while JD.com invests $100 million in Li & Fung.
Li & Fung Delists After Completing HK$7.2B GLP-Led Buyout
Consumer goods sourcing and distribution firm Li & Fung delisted from the Hong Kong stock exchange yesterday, ending a run of 28 years on the bourse through a buyout backed by Asia’s largest warehouse developer and fund manager that valued… Read More>>
Scape Seals A$2B Aussie Student Digs Deal and More Asia Real Estate Headlines
An Australian mega-deal leads the way in Mingtiandi’s roundup of Asia real estate headlines today as the Australian arm of a London-based student accommodation provider buys a portfolio of university digs down under.
In other news around the region, an… Read More>>
GLP Backs HK$7.2B Buyout of Hong Kong’s Li & Fung
Asia’s largest logistics developer and fund manager is branching out into consumer goods distribution, according to an announcement late Friday by Hong Kong-listed Li & Fung Ltd.
GLP, which has $89 billion in assets under management globally, has teamed up… Read More>>
First Group Acquires Kowloon’s Centennial Building for HK$790M
Hong Kong developer First Group Holdings has signed a sale and purchase agreement to acquire a commercial site in New Kowloon for a reported HK$790 million ($102 million), as the firm tries to follow up on earlier successes in the… Read More>>
Suning Buys 61 Guangzhou Circle K Stores From Hong Kong’s Fung Group
One more global retail giant has retreated from the mainland China market in the face of growing local competition as a unit of Nanjing-based Suning announced this week that it has taken over a chain of convenience stores from Hong… Read More>>
WeWork Turns to Revenue Sharing With Developers After Opening 123 Asian Centres
After two years of operating and expanding its Asian operation to 123 centres in nine countries, New York-based co-working provider WeWork believes its brand power and client demand has prepared it to begin partnering with landlords to supply the region’s… Read More>>