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Business 02 Jul 2019 | 12:00 AM

Mumbai airport investor allowed to sell stake

NEW DELHI: South Africa’s Bidvest Group Ltd won court approval to sell its holding in Mumbai International Airport to a third party, dealing a blow to majority holder GVK Power & Infrastructure Ltd’s bid to increase its ownership.

Business 27 Jun 2019 | 12:00 AM

SDP units sell stake in PT MAS

PETALING JAYA: Sime Darby Plantation Bhd’s (SDP) indirect wholly owned subsidiaries in Indonesia – PT Ladangrumpun Suburabadi and PT Teguh Sempurna – disposed of their respective 99.9993% and 0.0007% equity interest in PT Mitra Austral Sejahtera (PT MAS) to PT Inti Nusa Sejahtera for US$29.7mil.

Corporate News 11 Mar 2019 | 12:00 AM

HNA to sell stake in HK firm

HONG KONG: China’s HNA Group is selling a controlling stake in its Hong Kong-listed construction firm to Blackstone Group for HK$7.02bil (US$894.3mil), according to a regulatory filing, the latest asset disposal by the embattled Chinese conglomerate.