Latest news with #HillhouseInvestment
Bloomberg
8 hours ago
- Business
- Bloomberg
Partners, Hillhouse Platform Buys $238 Million Singapore Assets
Swiss alternatives manager Partners Group and Hillhouse Investment-backed platform EZA Hill Property Management Pte are part of a group buying four industrial and logistics properties in Singapore for S$306 million ($238 million), according to people familiar with the matter. The properties are being sold by CapitaLand Ascendas REIT, a Singapore-based real estate investment trust that announced Monday it will sell the assets, without disclosing the buyers. Partners will take a majority stake in the operations, according to the people, who asked not to be identified because the information is private.
Bloomberg
24-06-2025
- Business
- Bloomberg
Daiwa Plans $690 Million Real Estate Fund as Japan Market Booms
Daiwa Securities Group Inc. plans to launch a real estate fund with two partners, tapping investor demand for a piece of Japan's booming property market. The Japanese brokerage will collaborate with Osaka-based developer Samty Holdings Co., and fund manager Hillhouse Investment, according to Daiwa's Masatsugu Oishi. It aims to raise ¥100 billion ($690 million) via a private fund for domestic and overseas institutions, said Oishi, who is general manager of asset management strategy.
South China Morning Post
24-06-2025
- Business
- South China Morning Post
Starbucks denies it is considering a full sale of its China operations
Starbucks has denied reports that it is in talks with private equity firms to sell the entirety of its China operations, as it faces slowing sales and intensifying competition from domestic rivals. 'We have a world-class team in China, and a strong brand,' the Seattle-based coffee chain said in a statement on Tuesday. 'We see significant long-term potential in the market and are evaluating the best ways to capture the future growth opportunities.' The statement came after local media outlet Caixin Global reported on Monday, citing sources, that Starbucks was weighing the sale of its China unit, drawing potential buyers including Hillhouse Investment and Trustar Capital, the private equity affiliate of McDonald's China owner Citic Capital. Starbucks began approaching private equity firms about a possible stake sale in May, according to a Bloomberg report. Baristas at work at a Starbucks Reserve Roastery in Shanghai. Photo: Reuters Starbucks shares rose less than 1 per cent in after-hours trading in New York, closing at US$92.34. The shares have fallen nearly 20 per cent from a peak in March.
Bloomberg
18-06-2025
- Business
- Bloomberg
China's Top Soy Sauce Maker Set to Begin Trading in Hong Kong
Foshan Haitian Flavouring & Food Co., China's biggest soy sauce maker, will begin trading in Hong Kong on Thursday after its HK$10.1 billion ($1.3 billion) stock offering drew strong demand from investors. The stock rose in Hong Kong's gray market on Wednesday. Earlier this week, Foshan Haitian sold the shares at HK$36.30 apiece, the high end of its marketed range, and attracted cornerstone investors including Hillhouse Investment, GIC Pte and RBC Global Asset Management.
South China Morning Post
17-06-2025
- Business
- South China Morning Post
Foshan Haitian sells 6% more shares in upsized Hong Kong IPO, raising US$1.3 billion
Foshan Haitian Flavouring & Food has raised HK$10.1 billion (US$1.3 billion) after robust demand for its shares to be listed in Hong Kong allowed China's biggest soy sauce maker to increase the deal size. The company, whose shares already trade in Shanghai, sold 279 million shares at HK$36.30 each, the top end of the marketed price range, according to terms of the deal seen by Bloomberg News. That reflects a roughly 17 per cent discount to Foshan Haitian's Monday closing price of 40.12 yuan (US$5.60) in Shanghai. About 6 per cent more shares were offered after the company exercised the upsize option. Investors expressed interest for multiple times the shares available on the first day it started taking orders last week, people familiar with the matter have said. The new shares are due to start trading in Hong Kong on Thursday. Foshan Haitian's deal would be among the largest listings in Hong Kong this year, where demand for share offerings has rebounded and China-listed companies are increasingly seeking second floats. Battery maker Contemporary Amperex Technology's more than US$5 billion listing last month helped fuel the most action in the city's equity capital markets in years. Eight cornerstone investors, which agreed to hold Foshan Haitian's shares for at least six months, bought US$595 million worth of the stock, making up about 46 per cent of the deal. Those investors include Hillhouse Investment, Singapore's sovereign-wealth fund GIC and RBC Global Asset Management. The proceeds will be used to develop new products, expand production capacity and enhance its overseas supply chain, the company said. Its origins stem from a merger of 25 soy sauce factories in 1955.
