Wing Tai Holdings Ltd. Chairman Cheng Wai Keung is seeking a record S$300 million ($242 million) for a home near Singapore’s Orchard Road shopping belt, betting that developers may profit from dividing the site.
Private equity, an investing trade plied by 4,500 firms with $3 trillion in assets, is bracing for a shakeout that’s been brewing since the collapse of credit markets choked off a record leveraged-buyout binge.
Tom Hicks, the former owner of the Texas Rangers, settled litigation with the Major League Baseball franchise’s post-bankruptcy plan administrator who last year accused him of misdirecting money, according to a court filing.
Liverpool co-owner Tom Hicks denied claims by his predecessor David Moores that the Texan and his partner George Gillett misled the club by funding their purchase of the 18-time English soccer champion with debt.
Former Texas Rangers owner Tom Hicks misdirected “tens of millions” of dollars from the Major League Baseball franchise to buy and develop parking lots near the club’s ballpark, according to a lawsuit by the team’s post- bankruptcy administrator.