Economy

Chinese investor backs out of $5.2B deal for Hong Kong skyscraper

Chinese investor backs out of $5.2B deal for Hong Kong skyscraper”

FMR LLC grew its stake in China Unicom (Hong Kong) by 20.1% in the 2nd quarter.

Among the actives, Cathay Financial collected 0.92 percent, while Fubon Financial added 0.97 percent, Mega Financial advanced 1.01 percent, Taiwan Semiconductor Manufacturing Company spiked 2.30 percent, Innolux perked 0.78 percent, Hon Hai Precision jumped 1.14 percent, Largan Precision soared 2.73 percent, China Steel gathered 0.82 percent, Taiwan Steel Union shed 0.71 percent, Formosa Plastics climbed 1.46 percent and AU Optronics was unchanged.

Several analysts recently issued reports on CHU shares. Peaceful Development, the investment vehicle used to buy a stake in the Center, Hong Kong's fifth tallest skyscraper, Reuters reported. Cubist Systematic Strategies LLC now owns 17,478 shares of the Wireless communications provider's stock valued at $261,000 after acquiring an additional 7,239 shares during the period.

News of China Energy Reserve's rapid exit from the Queen's Road office building deal comes just one week after China's HNA Group pledged a almost 41 percent stake in a company holding a pair of projects in Hong Kong's Kai Tak area to PAG in return for an unspecified loan. Finally, First Trust Advisors LP grew its position in China Unicom (Hong Kong) by 16.0% in the third quarter.

Closer to home, Hong Kong will release January figures for imports, exports and trade balance later today. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock.

As China's biggest investors were warned off from overseas deals a year ago and a crackdown on outbound cash killed off cross-border real estate acquisition, Hong Kong still seemed a safe-haven for mainland money. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & global copyright and trademark law.

Beijing-based China Energy Reserve and Chemicals Group Properties is backing out of a $5.2 billion deal for a Hong Kong skyscraper.

AIA's value of new business, which measures expected profits from new premiums and is a key gauge for growth, rose to US$3.51 billion for the year ended Nov 30, up from US$2.75 billion a year ago, the company said in a filing with the exchange. Its mobile businesses include the provision of call services, roaming services, mobile broadband services, traditional value-added services such as short message services, multimedia message services and wireless Internet access card, as well as new value-added services such as mobile music, mobile television and Wo portal services.



Like this

loading...
loading...

Latest


28 February 2018
Watch out for these convincing App Store subscription phishing emails
The email seen here depicts a YouTube Red subscription with a 1-month free trial and subsequent $144.99 per month renewal rate. Along with the first Apple TV, the company is also phasing out iTunes Store support for Windows XP and Vista by May 25, 2018.

28 February 2018
FDA's ongoing efforts to help improve effectiveness of influenza vaccines
The flu season lasts from October to May and can peak at any time , according to the Texas Department of State Health Services. A predominant strain with uncommon resilience combined with an ineffective vaccine have made this season a catastrophic one.

28 February 2018
Sea of Thieves Xbox One S bundle launches on March 20
A 1-month Xbox Game Pass trial so you can discover over 100 Xbox One games with unlimited across three generations of consoles. The bundle releases alongside Sea of Thieves on March 20th, priced at $299.99.

28 February 2018
Gov. Scott discusses 'massive changes' to school safety
He said bigger schools will have more law enforcement present. "I want this country to come together as one party". Much like (how) our airports (and) our seaports have increased security, so should our schools.

26 February 2018
Parkwood LLC Has Lowered Position in Anthem INC (ANTM) by $3.49 Million
Reliance Tru Of Delaware holds 0.31% or 19,218 shares in its portfolio. 96 were accumulated by Qs Invsts Ltd Liability Company. The company has a market cap of $60,400.00, a price-to-earnings ratio of 23.15, a P/E/G ratio of 1.35 and a beta of 0.83.

26 February 2018
(NYSE:PHM) Expected to Earn FY2018 Earnings of $3.02 Per Share
Grs Advisors Llc decreased its stake in Hyatt Hotels Corp (H) by 14.34% based on its latest 2017Q3 regulatory filing with the SEC. The construction company reported $0.85 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.85.

26 February 2018
NRA comes out against Trump's proposal to raise gun-buying age
But when reached for comment, Avis Budget Group told CNNMoney that it too was ending its partnership with the organization. First National Bank of Omaha - The bank announced that it would not renew a co-branded Visa credit-card with the NRA.

26 February 2018
Brendan Fraser's groping allegation under investigation by Hollywood Foreign Press Association
Fraser was on his way out when Philip Berk, who was the president of HFPA at the time, went to shake hands with him. In response to Fraser's remarks, the HFPA told US Weekly they're investigating the allegations against Berk.

26 February 2018
Constellation Brands (NYSE:STZ) Receiving Somewhat Positive News Coverage, Study Shows
Valeo Financial Advisors LLC bought a new position in shares of Constellation Brands in the third quarter valued at $153,000. Following the completion of the sale, the director now owns 20,790 shares of the company's stock, valued at $4,582,531.80.

26 February 2018
Senior White House Official Claims Trump Supports Executing Drug Dealers
Currently, in the United States , the mandatory five-year sentence is triggered for traffickers dealing with 40g or more . It's already theoretically possible.