Takeover of Jiakai City Control

On June 21, 2021, Jiakai City announced that it had received a notice from the controlling shareholder Guangzhou Kailong Real Estate Co., Ltd. (hereinafter referred to as “Guangzhou Kailong”) that Guangzhou Kailong has resolved the issue of horizontal competition with listed companies. It is proposed to transfer the control of the listed company by agreement, […]

Qi Yumin was arrested

On the afternoon of June 19, the news that Qi Yumin, the former chairman of Brilliance Auto, was arrested by the Chaoyang City People’s Procuratorate ignited the market. According to the Liaoning Supervision WeChat official account: “The People’s Procuratorate of Chaoyang City recently made a decision to arrest Qi Yumin on suspicion of bribery, embezzlement […]

Who will accept the Chinese miners of Bitcoin?

The fluorescence emitted by rows of Bitcoin mining machines went out. On the evening of June 19, a video of the shutdown of Bitcoin miners in Sichuan was circulated on the social network of people in the currency circle, telling helplessness through the background music of “Bye”. The “Notice of Sichuan Development and Reform Commission […]

Blackstone plans to increase its US $1.1 billion stake in India

Blackstone (87.22, 4.26, 5.14%) said on Monday that it plans to buy another 26% stake in mpasis, an Indian IT outsourcing service provider, for 82.6 billion rupees (US $1.1 billion). Blackstone said it would buy the shares at 1677.16 rupees a share, slightly below mpasis’s closing price of 1696.5 rupees on Friday. In 2016, Blackstone […]

Copper prices hit a 10-year high

Copper prices soared to their highest level in 10 years as the market expects tight supply as the momentum of global economic recovery strengthens. With a wide range of industrial commodities, from iron ore to aluminum, copper prices have also risen rapidly recently. The accelerating pace of global vaccine promotion, the prospect of a rebound […]

LVMH holdings of Italian luxury brands

Tod’s, an Italian luxury leather goods maker, announced on Thursday that French luxury giant LVMH had agreed to increase its stake in the company to 10 per cent, describing the move as “friendly support” for the brand. Tod’s said in a statement that LVMH would acquire a 6.8% stake from its founder and chairman, Diego […]

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