The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.
Tags: Hong Kong
Corporate Travel Management to buy majority stake in Westminster Travel
Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.
Temasek and Hopu buy USD213 million stake in Chinese dairy company
Singapore investor Temasek Holdings and private equity firm Hopu were among the five investors set to buy a USD213 stake in China Mengniu Dairy Co Ltd.
Hong Kong's Man Wah Holdings closes at two-year high
Hong Kong sofa supplier Man Wah Holdings lifted its owners' stocks to USD1.1 billion after it closed at its highest level in two years.
HSBC shares rises on its sixth week at Hong Kong stock trading
HSBC experienced another rise in shares at the Hong Kong stock trading. Europe's largest bank in terms of market value, HSBC Holdings PLC (HSBA), stocks rose on its sixth week in the Hong Kong stock trading.
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Hong Kong's Wing Hang Bank Ltd. and Chong Hing Bank Ltd. might go on sale after valuations approached levels that were last seen during the 2008 global financial crisis.
Tencent Holdings, with its recent share value rise, pushed the overall value to above USD100 billion.
Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.
Royal Bank of Scotland's former trader Sharlina Tsang was sentenced to 50 months of imprisonment in Hong Kong after she had pleaded guilty for fraud.
Sources said China Huishan Dairy Holdings would be filing for a Hong Kong IPO to raise USD 1.3 billion.
China Merchants Bank Co. announced that it had raised USD27.5 billion listed on the Shanghai Stock Exchange.
The state government of Hong Kong said that the second quarter jobless rate falls within expected estimates.
Alibaba bought stake in online shopping firm ShopRunner for USD75 million as it prepares for its initial public offering in Hong Kong.
Tencent denied China Daily's report that the company would list WeChat as a spin-off corporation in Singapore.
