When Paul Heth showed up in Moscow after the Soviet Union disbanded, the former U.S. soldier had nothing more than $600 and a love of movies. Now he’s taking on some of Russia’s wealthiest men in a race for box office riches.
United Engineers Ltd., which is bidding S$710 million ($570 million) for a Singapore-based car distributor, said the addition of Bugatti and Jaguar dealerships would smooth volatility from its property business.
Shares of WBL Corp., a Singapore- based conglomerate with investments from China property to luxury car dealerships, rose the most in six weeks today to trade above an increased bid by United Engineers Ltd.
Zhongsheng Group Holdings Ltd., China’s largest publicly traded automobile dealer by revenue, is proceeding with plans to add 40 sales outlets on expectations of continued growth while the country’s economic expansion slows.
Six decades ago, as a recent college graduate working for his father-in-law’s soft-drinks company, Carlos Ardila Lulle came up with a fizzy, pink, apple-flavored concoction that started outselling all of their other products.