Fisker Automotive Holdings Inc. won court approval to sell its assets to China’s Wanxiang Group Corp. for an offer valued at $149.2 million, almost six times what the hybrid-car maker sought when it filed for bankruptcy.
China’s Wanxiang Group won an auction for Fisker Automotive Holdings Inc., the maker of luxury plug-in hybrid cars, with a $149.2 million bid, almost six times what Fisker was seeking when it filed for bankruptcy.
Telstra Corp., Australia’s largest phone company, increased its dividend for the first time in nine years as it boosted its share of the domestic mobile market and awaited funds from the sale of a Hong Kong unit.
Pacific Century Premium Developments Ltd., the property unit of billionaire Richard Li’s PCCW Ltd., surged to an almost 10-year high after saying it is in advanced talks to sell an office, retail and residential complex in Beijing.
PineBridge Investment LLC and OAO Sberbank are recommending investors buy Russian real-estate companies and retailers on prospects the industries will benefit from rising incomes in the world’s biggest country.