International Entertainment Corp., the company controlled by the family of Asia’s fourth-richest man, Cheng Yu-tung, agreed to pay as much as HK$7.35 billion ($948 million) for a Macau gambling-junket operator, seeking to tap a casino boom in the Chinese city.
NWS Holdings Ltd., controlled by Hong Kong billionaire Cheng Yu-tung, agreed to buy a stake in the operator of China’s biggest airport from sovereign-wealth fund GIC Pte, betting on a surge in travelers.
HKT Ltd., a unit of billionaire Richard Li’s PCCW Ltd., agreed to buy Telstra Corp.’s Hong Kong mobile-phone unit for $2.43 billion to boost scale in a market with more than twice as many subscribers as people.
Billionaire Cheng Yu-tung ’s Chow Tai Fook Group hired Deutsche Bank AG, Goldman Sachs Group Inc., HSBC Holdings Plc and JPMorgan Chase & Co. for an initial share sale of its jewelry unit that may raise as much as $4 billion, two people with knowledge of the matter said.
Huishang Bank Corp., a lender in China’s eastern province of Anhui, secured as much as $102 million of investments from billionaire Cheng Yu-tung and other wealthy individuals in its Hong Kong initial public offering.
China Huishan Dairy Holdings Co., the milk producer backed by billionaire Cheng Yu-tung, and shareholders raised $1.3 billion in an initial public offering in Hong Kong, said two people with knowledge of the matter.
China Huishan Dairy Holdings Co., the milk producer backed by billionaire Cheng Yu-tung, is seeking as much as $1.3 billion in an initial public offering in Hong Kong, said two people with knowledge of the matter.
Galaxy Entertainment Group Ltd. founder Lui Che-Woo’s wealth has leaped by $10.2 billion this year -- and $1 billion in just one day yesterday -- as Macau draws record gaming revenue and his shares hit a new high.