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Malaysia needs structural reforms says global investor

2018-02-11 thestar.com.my
Cheah(pic) thinks the local stock market could go up by between 5% to 10% this year while the ringgit, which has mostly been on an uptrend in recent times, is “still down quite a lot”, against the US dollar.

Malaysia’s top 40 richest people

2018-02-03 thestar.com.my
LAST year was dotted by the return of higher commodity prices and better economic growth. The world’s economies on average are back in business as growth rates and trade have started to improve once again after some period of uncertainty caused by a cooling China economy and also the slump in global crude oil prices. (145-1)

China's HNA may face $2.4 billion cash shortfall in first quarter: source

2018-01-30 in.reuters
SHANGHAI/BEIJING (Reuters) - China’s HNA Group has told creditors it faces a potential cash shortfall of at least 15 billion yuan ($2.4 billion) in the first quarter, even as the company moves to sell more assets and reduce its leverage. HNA representatives made the statement to major creditor banks at a meeting called by the provincial government last week in Haikou, one person with knowledge of the meeting said. (40-0)

UPDATE 2-China's HNA may face $2.4 bln cash shortfall in Q1 - source

2018-01-30 reuters
BEIJING (Reuters) - China’s HNA Group has told creditors it faces a potential cash shortfall of at least 15 billion yuan ($2.4 billion) in the first quarter, even as the company moves to sell more assets and reduce its leverage. HNA representatives made the statement to major creditor banks at a meeting called by the provincial government last week in Haikou, one person with knowledge of the meeting said. (40-0)

Writer launches second book

2018-01-27 thestar.com.my
Book launch: (Bottom row from left) Wong, Yap and Tee posing with her book with six of the nine entrepreneurs featured in her book: (Top row from left) Wan Kamaruzaman, Puan, Teong, R Palan, Chuah and Lua. (1-0)

Should dual-class shares be introduced in Malaysia?

2018-01-27 thestar.com.my
Smiling billionaire: A file picture shows Alibaba founder Jack Ma smiling as he waited for trading to start at the New York Stock Exchange on Sept 19, 2014. The concept of dual-shares has gained traction in this part of the world largely due to this listing. — AFP (87-0)

UPDATE 2-China's HNA sells Sydney building for $166 mln amid cash crunch

2018-01-26 reuters
HONG KONG (Reuters) - China’s HNA Group has reached a deal to sell a building in Sydney to Blackstone Group for about $161 million, two people with direct knowledge of the matter said, as the embattled company divests some holdings and seeks new funding. (40-0)

UPDATE 1-HNA Group sells Sydney building to Blackstone for $161 mln - sources

2018-01-26 reuters
* HNA selling assets, raising cash after $50 bln in acquisitions (Adds HNA’s recent moves, background) (40-0)

Digital Entrepreneur Leadership Forum

2018-01-22 scmp
Technology, the inducing change agent that disrupts and revolutionises all industries, offers the possibility that what was once unimaginable in the past will soon be imminent. Artificial Intelligence, now commonly known as AI, is a perfect case in point as this forefront technology is undergoing exponential growth at a skyrocket pace and disrupting facets of life that many people would not have imagined possible.

HNA's financial sector push suffers new blow as ANZ axes unit's sale deal

2018-01-12 in.reuters
(Reuters) - Australia and New Zealand Banking Group Ltd has dropped plans to sell its vehicle finance unit to HNA Group after New Zealand blocked the $460 million deal last month over concerns about the Chinese conglomerate’s ownership structure. (4-0)

China's Dealmakers Face Fresh Challenges - Bloomberg

2018-01-08 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (80-0)

HNA Units Missed Payments to More Chinese Banks - Bloomberg

2018-01-06 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (7-0)

Hong Kong asset manager Value Partners ends stake sale talks with HNA - sources

2018-01-05 in.reuters
HONG KONG (Reuters) - Hong Kong-listed asset manager Value Partners Group Ltd (0806.HK) has ended talks to sell a stake in the company to Chinese conglomerate HNA Group, said people familiar with the situation.

Undaunted, HNA says Beijing’s probe has not dented its overseas deal making interest

2017-09-26 scmp
HNA Group, one of the most acquisitive Chinese conglomerates that has been under tighter credit scrutiny by state banks as part of Beijing’s effort to control the nation’s financial risks, will continue to seek outbound deals, according to its vice-chairman. (8-0)

Deals of the day-Mergers and acquisitions

2017-05-22 reuters
May 22 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: