Vietnam 

Việt Nam among top 3 ASEAN destinations for private equity investment – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Inside the lab of DHG Pharmaceutical JSC, which sells 66.4 million shares to the Japanese pharmaceutical firm Taisho. The healthcare and pharmaceutical sector is among top six sectors that will attract private equity investment for the next 12 months. — Photo doanhnghiepdautu.net HÀ NỘI — Việt Nam is among the top three ASEAN countries attracting private equity (PE) investment in terms of deal value, according to a report released by the auditing and business consulting firm Grant Thornton.  The report noted that Việt Nam saw 38 PE transactions in 2018 with…

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Home 

Li Hejun, once China’s richest man, gets approval from shareholders to take troubled Hanergy unit private

Hanergy Thin Film Power Group, the company whose stunning stock market performance once made its chairman the richest man in China, will be delisted from the Hong Kong stock exchange next month after shareholders approved plans to take it private.The company said in a filing to the exchange on Sunday that 97.25 per cent of shareholders had voted in favour of the privatisation scheme in a shareholder meeting a day earlier. The vote gives the green light for the firm to delist on June 11, and… Source link

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Home 

China’s state-backed private equity starts a fund to buy out distressed debt, take advantage of nation’s deleveraging campaign

Citic Capital, one of the largest private equity firms backed by the Chinese state, is raising US$500 million for its first buyout fund for distressed assets in China, placing a bet on the opportunities available in the country’s campaign to shed debt.“There are lots of good real estate projects with stable operating income, but which are sold simply because they, or their owners, have run into liquidity problem,” Citic Capital’s senior managing director Stanley Ching, who oversees the company… Source link

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Vietnam 

VN’s private sector: Growing but not strong – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Analyst’s Pick VN’s private economic sector: becoming big but not strong Võ Trí Thành* The Vietnam Private Sector Economic Forum 2019 – an important channel for Government agencies and ministries to identify bottlenecks restricting the development of the private sector and listen to recommendations from the business community – finished last week. But how to make Vietnamese private enterprises grow strongly and sustainably remains an issue that cannot be addressed by just a two-day forum.  Since Resolution No 10 of the Party’s Central Committee on developing the private economy into an important driving force…

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Singapore 

Parliament: 16 cases of Candida auris in private and public hospitals since 2012, no report of local spread, Singapore News

SINGAPORE – A total of 16 cases of Candida auris infections were reported in both private and public hospitals in Singapore since 2012, Health Minister Gan Kim Yong said on Monday (May 6). In a written reply to two Parliamentary questions, Mr Gan said investigations showed that the cases were not linked and there has not been any report of the drug-resistant fungus being spread locally. Last month, the Ministry of Health (MOH) said that there were 11 isolated cases in public hospitals. Antimicrobial resistance (AMR), referring to the emergence…

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Vietnam 

Private sector needs more impetus: PM – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A technician checks telecoms equipment at the Telecommunication Center of Việt Nam Posts and Telecommunications Group (VNPT) in the northern province of Lai Châu. — VNA/VNS Photo Minh Quyết   HÀ NỘI — The private sector plays a crucial role in the national economy and should be given impetus to develop.   Prime Minister Nguyễn Xuân Phúc made the statement at the plenary session of the Việt Nam Private Economic Forum held in Hà Nội yesterday. He affirmed Việt Nam had gained numerous achievements after more than three…

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Home 

China’s e-commerce start-ups lose favour with private equity funds as Beijing-backed chip makers steal their thunder, study finds

E-commerce and internet-related companies have lost their lustre with private equity (PE) funds as Beijing’s support for chip makers and high-end equipment businesses, considered the backbone of the country’s manufacturing sector, have made them more appealing to investors, according to Bain & Co.A survey carried out by the global consultancy found that only 15 per cent of private equity funds focusing on China picked online retail and internet businesses among their top three investment… Source link

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China 

China economy critic sees ‘turning point’ that could level playing field between private sector and state

A staunch critic of the influence of the state in China’s economy believes there has now been a “turning point” in the treatment of private businesses, arguing a level playing field between state and private firms could emerge in the world’s second largest economy.Nicholas Lardy, senior researcher at the Peterson Institute of International Economics, sees “encouraging” signs due to the support shown by President Xi Jinping from last year after China had initially taken a backwards step on… Source link

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Global 

China’s private firms in traditional low-tech sectors struggling without government support

Among China’s millions of private businesses, Terry Wu says his is one of a minority of non-state firms that have benefited from government incentives to support the private sector, which Beijing is counting on as an important lifeline to buffer the nation’s overall economic slowdown.Wu’s company, a manufacturer of smart devices and components including camera modules for smartphones, has enjoyed five years of free factory rental and easy access to bank loans as part of a sweeping policy… Source link

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Vietnam 

Maritime Bank wants to raise $43 million from private share issuance – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A Maritime Commercial Joint Stock Bank trading office. The bank is planning to sell 100 million shares to domestic investors via a private deal to raise VNĐ1 trillion. Photo cafef.vn HÀ NỘI — The Maritime Commercial Joint Stock Bank (MSB) is proposing shareholders approve a plan to raise VNĐ1 trillion (US$43 million) from private share issuance in the second half of this year. The bank’s board of directors plans to issue 100 million shares or maximum 8.5 per cent of its charter capital for domestic shareholders. The capital…

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