The corporate flag for Hong Kong Exchanges & Clearing Ltd. (HKEX), bottom, and the Chinese flag fly outside the Exchange Square complex in Hong Kong, China, on Sept 16, 2019.- Bloomberg
HONG KONG: Deals to take Hong Kong-listed companies private are set to accelerate next year, having already hit a three-year peak in 2020, as family-owned and other businesses reel from economic downturn amid the Covid-19 pandemic, bankers and investors said.
Private equity firms with billions of dollars to spend are also expected to keep hunting for targets in the Asian financial hub, they said, making them attractive as partners for some tycoons to take their firms private.
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