Tag: SOHO China

Chinese Office Developer Shares Plunge 40 Percent After Blackstone Drops Acquisition

September 14, 2021
blackstoneBusiness & EconomyChinaChina Business & EconomyCompaniesInvestmentMarketsSOHO Chinatakeover
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Beijing-based Soho China Ltd. plunged in Hong Kong trading on Sept. 13. after U.S. private equity giant Blackstone Group Inc. dropped a $3 billion takeover deal last week. The commercial real estate developer, one of the largest in China, saw the biggest daily plunge in its stock price in the past 14 years. It came…

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Beijing Conducting Probe Into Blackstone’s $3 Billion Bid on Chinese Real Estate Developer

August 8, 2021
blackstoneBusiness & EconomyChinasohoSOHO China
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American investment management company Blackstone is under antitrust investigation over its deal with SOHO China, one of China’s largest real estate developers. The investigation may take six months to be carried out. If the deal is approved, Blackstone will pay over $3 billion to its Chinese partner, making it the New York-headquartered company’s biggest bet…

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