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ANBANG INSURANCE GROUP
New York's iconic Waldorf Astoria hotel listed for sale after $2 billion renovation by Chinese ownersThe Waldorf Astoria, New York City’s iconic luxury hotel, is set for sale after a $2 billion renovation that transformed the historic prope...- Chinese business tycoons, executives who disappeared from public viewChina Renaissance said late on Thursday it had been unable to contact founder Bao Fan, a disclosure that sent its stock down as much as 50%...
- China’s losses from its overseas takeover binge are piling up fastThe volume of Chinese outbound M&A so far this year represents a 25% drop from a year earlier and a far cry from the peak in 2016.
- Saddled with risky assets, China getting dangerously close to its Lehman momentBeijing has made martyrs of its banks and insurers, asking them to lend to the needy, forgo profits and support the animal spirits of its t...
- View: Victoria’s Secret puts India deals on edgeLawsuits are being watched closely in India. Creditors seeking to recover something from hundreds of billions of dollars of soured corporat...
- Falling billion-dollar deals over virus spur court fightsAmong the high-profile transactions that have become feuds are Mirae Asset Global Investments Co’s $5.8-billion purchase of a US luxury hot...
- NY's Waldorf Astoria is returning after spending $1 bn on renovations, but will nostalgia be enough to bring buyers?When the Waldorf hotel reopens in 2022, it will have 375 rooms, far fewer than the version that made it a household name.
- China still has a treasure chest of overseas real estate to sellReal estate asset sales by Chinese companies have surged to $12.3 billion since January.
- China plans curbs on $1 trillion in money-market fundsSuch a move would be the latest tightening by China’s policy makers.
- China takes over Anbang Insurance, prosecutes ex-chairThe China Insurance Regulatory Commission said Anbang had violated insurance regulations, "severely" impairing its ability to pay back debt...
- Indian billionaires are back on world dealmaking stage: ReportIt's hard to predict the timing, but bankers should be getting ready to say hello to big Indian billionaires. They're surely coming back.
- Deal interrupted! Diageo-United Spirits acquisition and other partnerships that went southDiageo has refused to pay the outstanding sum of $35 mn to Vijay Mallya for acquiring United Spirits.
- Sunac to pay $9.3 billion for Wanda hotels, theme parks; will be China’s largest property dealSunac will buy 76 hotels from Wanda through a unit and will purchase a 91% stake of 13 cultural and tourism projects.
- View: China's insurers don't know their own risksAspiring Chinese Buffetts must pay heed to the Oracle of Omaha's investment philosophy.
- Concerns over Donald Trump's son-in-law's Chinese deals: ReportJared Kushner has hired a leading Washington law firm to advise him on how to comply with federal ethics laws in the event he joins the Whi...
- Game of big buys: Four deals that never turned into realityFor big corporations, race for acquisitions is a `win some, lose some' proposition & as winners make headlines, the misses bring the intrig...
- China surpasses US as biggest overseas investorThe ongoing economic slowdown in China may be forcing Chinese companies to explore new avenues in overseas markets to sustain their growth.
- China conglomerate HNA group’s unit to buy Carlson hotelsA unit of Chinese conglomerate HNA Group has agreed to buy Carlson Hotels, the owner of several brands including Radisson and Country Inns ...
- Starwood gets unsolicited acquisition proposal from Chinese companies led consortiumStarwood had announced on November 16, 2015 that it had entered into a definitive merger agreement with Marriott International under which ...
- Hilton Worldwide to sell its New York hotel Waldorf Astoria to Chinese firm for $1.95 billionBased on full occupancy at the Waldorf ’s lowest room rate of $329, Anbang would recover its investment in about 10 years.
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