Private Equity Firms Pursue Asian Loans to Fund Investor Payouts
By and Chien Mi Wong
Save
Private equity funds are ramping up loan deals in Asia to fund dividend payouts as they struggle to exit corporate buyouts.
Trustar Capital, an Asian private equity firm, is in talks with banks for a loan of as much as $1 billion to fund a payout to shareholders of Loscam Asia Pacific Co., a Hong Kong-headquartered maker of pallets used in transporting of goods. Brookfield Asset Management is seeking funds for a similar purpose for Altius Telecom Infrastructure Trust, the owner of one of India's biggest digital infrastructure companies.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Starbucks says it is not currently considering a full sale of its China operations
(Reuters) -U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was without disclosing where it obtained the information. Starbucks has held preliminary talks with more than a dozen potential buyers, Caixin also reported on Monday citing sources who did not specify what was for sale.
Wall Street Journal
an hour ago
- Wall Street Journal
Asian Currencies Mostly Strengthen Amid Mixed Developments
0114 GMT — Asian currencies mostly strengthen against the U.S. dollar in the morning session amid mixed developments. On the one hand, President Trump said Monday that Iran and Israel agreed to a cease-fire to begin following their final military operations. A possible cease-fire agreement could enhance the appeal of risky assets. On the other hand, Iran's Foreign Minister Abbas Araghchi said there was no agreement on a cease-fire or cessation of military operations. The minister's comments could dent hopes for a cease-fire agreement, damping risk appetite. USD/KRW falls 0.4% to 1,365.20 and AUD/USD rises 0.3% to 0.6480, LSEG data show. (
Bloomberg
an hour ago
- Bloomberg
Chinese Investors Trim Exposure to Tencent After April Peak
Chinese investors have steadily reduced their exposure to Tencent Holdings Ltd. over the past two months as the tech giant struggles to maintain market enthusiasm. The percentage of Tencent shares owned by mainland traders slid to just under 11% on Monday, according to data compiled by Kaiyuan Securities Co. Investors have been offloading shares via the Southbound trading link with Hong Kong for almost every session since ownership hit a peak of around 12% in late April, the data show.
