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Tuesday, June 18, 2019

Tag: conglomerate

HNA slims down after asset sales but debt concerns persist

The lighter load may ease the pressure on HNA, which is seeking to recover from a binge that involved borrowing tens of billions of dollars to fund purchases.

Independent labels urge EU to block Sony’s US$2.3 bln bid for...

Sony announced the deal in May, which would give it rights to 2.1 million songs from artists such as Drake, Sam Smith, Pharrell Williams and Sia.

US$4 billion shopping spree maps ambition of India’s richest man

Helmed by India’s richest man Mukesh Ambani, the company has struck at least 12 deals over 12 months with an estimated tab of about 289 billion rupees (US$4.2 billion), according to calculations by Jefferies Group LLC and Bloomberg.

Tata mulls folding food businesses into single company

The Mumbai-headquartered group is considering separating the salt and branded lentils businesses of Tata Chemicals Ltd. and folding them into Tata Global Beverages Ltd.

Toshiba awaits regulator approval for key chip unit sale

The firm had agreed in September to sell its memory chip business to a consortium led by US investor Bain Capital, which was seen as crucial to keeping it afloat after multi-billion-dollar losses.

China’s CEFC was scrambling for loans as authorities swooped

The company chairman Ye Jianming had been investigated for suspected economic crimes.

YTL founder Yeoh Tiong Lay dies

The 87-year-old tycoon was named the seventh richest person in Malaysia this year by Forbes.

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