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Old-school tycoons of Hong Kong are losing to China's moguls

The past few years have seen a remarkable shift in fortunes between China’s tech-savvy moguls and their old-school Hong Kong counterparts. ....

New York , United States , United Kingdom , Hong Kong , Li Ka Shing , Richard Harris , Jack Ma , Zhong Shanshan , Falcon Chan , Randy Wong , Swire Pacific , Adrian Cheng , Thomas Kwok , Zhang Yiming , China Communist Party , Facebook Inc , Video Communications Inc , Nongfu Spring Co , Sun Hung Kai Properties , Henderson Land Development Co , Netease Inc , Bytedance Ltd , Swire Pacific Ltd , Cathay Pacific Airways Ltd , Spotify Technology , Wharf Holdings Ltd ,

Old-School Tycoons of Hong Kong Are Losing to China's Moguls

Old-School Tycoons of Hong Kong Are Losing to China's Moguls
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Old-School Tycoons Who Made Hong Kong Are Losing to China's Rich

Shirley Zhao, Bloomberg News
Adrian Cheng
, Bloomberg
(Bloomberg) The prediction was vintage Jack Ma, as provocative as it was prescient.âThis is the era of the internet,â the Chinese billionaire proclaimed in October 2013, just weeks after his plan to take Alibaba Group Holding Ltd. public in Hong Kong had been scuttled by regulators. âIt no longer belongs to Li Ka-shing.âMaâs dig at the famed Hong Kong tycoon raised plenty of eyebrows at the time, but few would disagree with him now. The past few years have seen a remarkable shift in fortunes between Chinaâs tech-savvy moguls and their old-school Hong Kong counterparts a trend that shows few signs of fading any time soon. ....

New York , United States , United Kingdom , Hong Kong , Li Ka Shing Ma , Richard Harris , Jack Ma , Zhong Shanshan , Falcon Chan , Randy Wong , Swire Pacific , Adrian Cheng , Thomas Kwok , Zhang Yiming , China Communist Party , Facebook Inc , Video Communications Inc , Nongfu Spring Co , Sun Hung Kai Properties , Henderson Land Development Co , Netease Inc , Bytedance Ltd , Swire Pacific Ltd , Cathay Pacific Airways Ltd , Spotify Technology , Wharf Holdings Ltd ,

Jardine Investors Oppose $1 Billion 'Discount' in Buyout Plan

Jardine Investors Oppose $1 Billion 'Discount' in Buyout Plan
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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Conglomerate Jardine Matheson offers to buy rest of group unit for $5.5 billion

By Reuters Staff
2 Min Read
SINGAPORE (Reuters) - Jardine Matheson Holdings Ltd on Monday said it plans to buy the remaining 15% of Jardine Strategic Holdings Ltd that it does not already own for about $5.5 billion to simplify the structure of the sprawling Asian conglomerate.
Singapore-listed Jardine Matheson, whose businesses include construction, aviation and automotive, has offered to pay $33 in cash for each Jardine Strategic share, representing a premium of 20% to the stock’s closing price on Friday.
“This will result in a single holding company with a conventional ownership structure and a further increase in the group’s operational efficiency and financial flexibility,” it said in a statement. ....

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