China Investment Corp (CIC), the country's sovereign wealth fund, has agreed to buy $400 million worth of shares from China Longyuan Power Group's $2.2 billion Hong Kong initial public offering (IPO), a source close to the deal said Tuesday. CIC will become the fifth cornerstone investor in Longy...
The Children's Investment Master Fund, a unit of The Children's Investment Fund Management (UK) LLP, a London-based hedge fund manager, on Nov. 19 reduced its shareholding in The Link Real Estate Investment Trust<0823> to 7.99% from the previous 8.1%, according to the bourse operator Hong Kong...
China Capital Investment Group, which was set up in 1995 with a registered capital of RMB 300 million, plans to purchase a 21.63% stake or 18.87 million shares of Shanghai Hainiao Enterprise Development<600634> for around RMB 200 million, sources reported.China Capital Investment will thus...
Carlyle Group, a global private equity investment firm based in Washington D.C., on Thursday said it invested more than US$60 million in three Chinese high-growth companies, four months after it closed its US$1.04-billion Asia growth fund, Carlyle Asia Growth Partners IV, sources reported.Carlyle said in a...
DUBAI, Nov 21 - The ruler of Dubai has reshuffled the board of the Investment Corporation of Dubai, the state conglomerate that owns Emirates airlines, naming two of his sons as directors, a decree posted...
Hubei Golden Ring Co Ltd<000615>, a Chinese manufacturer and seller of chemical fiber products, today announced that it will use up to RMB 49 million of its working capital to invest in securities, sources reported.Golden Ring said it has ample funds, so the investment will not impact its core business....
China Investment Corp, the country's US$300-billion sovereign wealth fund, has agreed to spend between US$300 million and US$500 million to subscribe shares offered by mainland wind power project developer China Longyuan Power Group Corp in its Hong Kong initial public offering, the Wall Street...
Intel Capital, the investment arm of Intel Corp, earlier this week announced details regarding its investment of US$25 million in seven companies that include two Chinese firms, sources reported.Intel Capital plans to invest in Phoenix New Media, a subsidiary of Hong Kong broadcaster Phoenix Satellite...
The number of US-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group (BCG) said on Thursday. Global wealth declined last year for the first time si...
State-owned Baotou Iron and Steel is allowed to take up to a 50 percent stake in an Australian mineral development project. The deal is unusual because the Australian government's guidelines normally are that Chinese companies should limit their investments in Australia to 15 percent of existing ...