Hong Kong-based Li & Fung Limited announced that the company’s shareholders have approved the privatization proposal offered via a Scheme of Arrangement by Golden Lincoln Holdings I Limited.…
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Alipay partners with Russia’s Mail.ru
Alipay, one of China’s dominant digital payments providers, has teamed up with Russian internet firm Mail.ru in an e-wallet joint venture to develop digital payments in the country.…
Alibaba pays US$250m to settle pre-IPO lawsuit
Alibaba is reportedly paying US$250 million to settle a lawsuit for “material misrepresentations and omissions” in registration statement during its initial public offering (IPO) in 2014.…
Kering to sell off Puma shares
French luxury group Kering plans to sell-off its stake in Puma, offering shares of the German sports firm to current shareholders, in a bid to focus more on luxury brands.…
New World Department store may go private
New World Development will offer HK$2 per share to buy the 27.7 per cent of New World Department Store China that it does not already own, according to a statement to the Hong Kong stock exchange.…