Cathy Chan

Cathy Chan News

  • Citic Pacific to Pay $36B for Parent’s China Assets

    Hong Kong’s Citic Pacific Ltd. agreed to pay 226.9 billion yuan ($36 billion) to buy Chinese banking and brokerage assets from its state-owned parent, underscoring China’s push to loosen control over the economy.

  • RRJ, Temasek’s Fund Invest $250 Million in Chinese Developer

    RRJ Capital Ltd., run by Charles Ong, and a fund owned by his former employer, Temasek Holdings Pte, have invested $250 million in Chinese logistics warehouse developer Shanghai Yupei Group Co.

  • TPG Sixth Asia Fund Said to Get $2.9 Billion After Revamp

    TPG Capital has raised $2.9 billion for its sixth Asian fund after an overhaul of its senior management in the region sped up the process, two people with knowledge of the matter said.

  • Pacific Century to Sell Property to Gaw for $928 Million

    Pacific Century Premium Developments Ltd., the real estate unit of billionaire Richard Li’s PCCW Ltd., agreed to sell a Beijing commercial and residential complex to Gaw Capital Partners for $928 million. Pacific Century shares tumbled.

  • Bank of East Asia Signs RMB E-Payment Pact in Shanghai FTZ

    Bank of East Asia Ltd. said it has signed an agreement with Shanghai Shengpay e-payment Service Co. to provide cross-border electronic payment services. * Bank of East Asia to become first foreign bank to provide cross-border electronic renminbi payment services in Shanghai’s pilot free-trade zone, the company said in a press release today * the pact will enable Bank of East Asia to further develop its international trade payment and cross-border RMB settlement business * China’s banking regulator also recently approved the bank’s Shanghai free-trade zone sub-branch to conduct personal banking business, the release said.

  • Key Safety Systems Said Near $800 Million Sale to FountainVest

    Key Safety Systems, a maker of components for the auto industry, is close to being bought by Chinese private equity firm FountainVest Partners for as much as $800 million, said people with knowledge of the matter.

  • UBS Hired 88 Wealth Advisers in Asia This Year After Assets Rose

    UBS AG, Switzerland’s biggest bank, hired 88 advisers this year to service rich Asian clients after assets at its wealth-management business in the region jumped 38 percent in the past two years.

  • Blackstone’s Chae Returns to New York After 3 Years in Asia

    Michael Chae, head of international private equity at Blackstone Group LP, will return to New York in June after spending more than three years building the firm’s business in Asia.

  • Cofco Said Set to Buy Control of Noble Unit at $3 Billion Value

    Cofco Corp., China’s largest food company, plans to acquire a majority stake in Noble Group Ltd.’s agriculture unit in a deal that values the business for about $3 billion, two people with knowledge of the matter said.

  • Lewis Wants to Open the Doors Wall Street Locks: Opening Line

    No, Michael Lewis isn’t trying to be the conscience of Wall Street, although the job appears to be open.

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