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Niggling question on PNB’s voting rightsTHE role of Permodalan Nasional Bhd (PNB) in the takeover of the four highways by the Finance Ministry (MoF) has come into question
TOKYO: Japanese hotel chain Unizo Holdings said on Sunday it had received a friendly buyout offer from U.S. investment fund Lone Star, a deal that could end a five-month takeover battle involving Blackstone Group, Fortress Investment Group and activist investor Elliott Management.
BEIJING: Most mainland investors can still only watch gains in Alibaba Group Holding Ltd., as China’s most valuable listed company extends increases after its Hong Kong stock exchange debut.
HONG KONG: Alibaba Group Holding Ltd. won’t feature in Hong Kong’s most widely followed stock benchmark unless the index provider significantly overhauls its rules.
TOKYO: SoftBank Group Corp reported its first quarterly operating loss in 14 years after writing down the value of some of its marquee investments, including WeWork and Uber Technologies Inc.
TOKYO: Masayoshi Son is finally disclosing the damage from SoftBank Group Corp.’s bets on WeWork and Uber Technologies Inc.
Much has been said recently about rates of charges for strata properties. In relation to that, share units of such properties have featured prominently.
NEW YORK: SoftBank Group agreed to spend more than US$10bil to take over WeWork, doubling down on an ill-fated investment and giving a near US$1.7bil payoff to the US office-space sharing startup’s co-founder Adam Neumann to relinquish control.
TOKYO: WeWork announced on Wednesday it has accepted a rescue package from SoftBank Group Corp., its largest investor, that will give the Japanese conglomerate an 80% stake in the company.