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...and European [groups] are not”....
...“As previously disclosed to the FT in 2022, loans to the [Isle of Man] companies are fully disclosed in the EG Group accounts and continue to be so,” said EG Group....
...Evergrande’s liquidators are preparing for a potential lawsuit against PwC, which audited the now-collapsed Chinese property group for more than a decade, in a move that could lead to the Big Four accounting...
...a $400mn investment into Asian subsea cable business OMS Group....
...Other start-ups such as Anthropic and Cohere have also raised billions of dollars from the likes of Google, Amazon and Silicon Valley’s top venture capital groups....
...Abu Dhabi artificial intelligence group G42 has sold its stakes in Chinese companies including TikTok owner ByteDance, as the group seeks to reassure US partners by cutting ties with China. 42XFund, the...
...Drew & Napier is pursuing one such case, while Allen & Overy is soliciting claimants for a separate case funded by litigation finance group Omni Bridgeway....
...As Iran launched an attack on Israel on Saturday, executives at one of Europe’s largest private equity groups felt a sense of déjà vu....
...kaye.wiggins@ft.com...
...China’s Ant Group is bidding against Citadel Securities for Credit Suisse’s Chinese securities unit, a move that will test Beijing’s appetite for letting the Jack Ma-founded company expand again after a...
...Instead, the pair may focus on whatever assets they can lay claim to in Hong Kong, and less-complicated targets such as the professional firms that helped enable Evergrande’s rise, a group that is increasingly...
...Speaking after the hearing Fergus Saurin, a partner at law firm Kirkland and Ellis, which represents a key group of Evergrande creditors, said: “We are not surprised by the outcome....
Market maker founded by Ken Griffin seeks expansion in country with purchase of investment banking and brokerage unit
...A new version of this is being built in China, DD’s Kaye Wiggins and the FT’s Cheng Leng and Hudson Lockett report....
...China Evergrande Group, the entity that is subject to the winding-up order, is a Hong Kong-based holding company that is one of the wider group’s “main offshore financing platforms”, according to court documents...
...Just like collateralised loan obligations, or the collateralised fund obligations that private equity groups use to securitise their assets, the DRP can be split into tranches....
...“They have seen the harsh economics faced by their peers”, said Han-Shen Lin, China country head at advisory consultancy The Asia Group....
...He said the creditor group had “firmly rejected” the proposal that Evergrande outlined, adding that he had expected the company to be wound up on Monday....
...But within weeks of his arrival at the exchange, Beijing launched an unprecedented regulatory crackdown on lucrative foreign listings by China’s technology groups....
...But there is more to it than meets the eye, DD’s Kaye Wiggins and the FT’s Stephen Gandel report....
...investment group RedBird IMI....
...Eddie Middleton and Tiffany Wong, the restructuring specialists at Alvarez & Marsal who have been appointed as Evergrande’s liquidators, are preparing for a potential lawsuit against PwC, DD’s Kaye Wiggins...
...He had a controlling 60 per cent stake in the group at the end of 2022, according to corporate filings....
...“Global markets have been weak, but the group has reported some of its best results ever, driven by the company’s strategic diversification and its strong financial management,” it said....
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