MGM China Holdings Ltd., the Macau venture between Pansy Ho and the biggest casino operator on the Las Vegas Strip, rose to the highest in more than five months in Hong Kong trading after 2011 profit more than doubled.
Japanese billionaire Kazuo Okada’s Universal Entertainment Corp. said it will take legal action after Wynn Resorts Ltd. forcibly redeemed Universal’s stake at a 31 percent discount and accused Okada of improper payments.
Hong Kong billionaire Li Ka-shing’s Hutchison Whampoa Ltd. agreed to buy Orange Austria in a deal valued at 1.3 billion euros ($1.7 billion), adding to more than $31 billion of investments in overseas mobile-phone operations.
Hutchison Whampoa Ltd. is in talks that may lead to the acquisition of Orange Austria, the mobile- phone operator owned by France Telecom SA and private-equity firm Mid Europa Partners, people familiar with the process said.
Hutchison Whampoa Ltd., billionaire Li Ka-shing’s biggest company, is nearing a deal to acquire Orange Austria, the mobile-phone operator owned by France Telecom SA and buyout firm Mid-Europa Partners, according to people with knowledge of the matter.
Hutchison Whampoa Ltd., billionaire Li Ka-shing’s biggest company, posted first-half profit that missed analysts’ estimates after a loss at its Australian mobile-phone unit eroded gains from utilities and energy.