Hints and tips:
...While its property business has been holding up for now, coronavirus has collided spectacularly with Cathay Pacific....
...MG: I was on time. KS: No, you were late. MG: Ah, yes, I remember it well. KS: We fished with friends. MG: We fished alone. KS: It always rang . . . MG: . . . my mobile phone!...
...This move fuelled speculation that the combined MG Prudential business was being prepared for a sale or spin off....
...MG: But what if . . . KS: . . . will you please let me finish! MG: I never finish sentences. It’s safer. KS: As I was saying, we seek scalability and world class service....
...On May 24, DRB-Hicom announced that it will sell a 49.9 per cent stake in Proton Holdings, the maker of Malaysia’s “national car”, to Zhejiang Geely Holding Group of China....
...After a revival of sorts powered by the arrival of the Japanese carmakers, fears about the future of the industry resurfaced in 2005, with the collapse of MG Rover....
...The Hong Kong Federation of Students said late on Sunday that it had not reached an agreement with the government about holding formal talks....
...Demonstrators are also calling for the resignation of Hong Kong’s pro-Beijing chief executive CY Leung by the start of the holiday....
...The 2004 purchase by SAIC Motor of a controlling stake in Ssangyong, the Korean automaker, ended in failure, while its subsidiary Nanjing Auto has struggled to revive the MG Rover brand it acquired in 2005...
...Discontented Hong Kong citizens then threw the toys at CY Leung, the territory’s chief executive, to protest at his government. The gesture was a double-pun since he has long been nicknamed the “wolf.”...
...ThaiBev in addition has inherited a majority stake in Myanmar Brewery Ltd, the country’s biggest beer producer, through a long partnership between MBL’s parent, UMEH, and Fraser & Neave, a Singaporean-based...
...Until December, Hauser & Wirth’s Re-View: Onnasch Collection showcases 80 works from the holdings of a Berlin dealer celebrated for his reluctance, or inability, to sell....
...Midland Holdings, the territory’s largest listed real estate agency, plunged 14.5 per cent. The benchmark Hang Seng index retreated 0.2 per cent while the property sub-index lost 3.7 per cent....
...Chairman Sir John Peace, CEO Peter Sands and finance director Richard Meddings met yesterday with senior Department of Justice officials and Cy Vance, the Manhattan district attorney....
...Beneficiaries included Phoenix Venture Holdings, the separate vehicle through which the Phoenix Four controlled the carmaker – but not MG Rover itself....
...Mr Moulton is a veteran dealmaker best known for his failed bid for the carmaker MG Rover in 2000....
...Nevertheless, RIO trades on cheaper spot multiples at 14.3x CY 13E PE vs BHP at 16.7x CY 13E....
...That investigation dated to 2005 and had been delayed partly because of a government inquiry into MG Rover. Mr Rees said the AADB was still hampered by relatively limited powers to demand information....
...SAIC showed off their Rovers (now called Roewe) as well as the new concept car called the MG Icon. British motoring purists, look away now. BAIC took a slightly different approach....
...RTRS-CORZINE SAYS HE WAS “STUNNED” WHEN HE LEARNED OF THE SHORTFALL IN CUSTOMER MONEY RTRS-CORZINE: “I APOLOGIZE TO ALL THOSE AFFECTED” BY MF GLOBAL COLLAPSE Looks like Jon Corzine will also be defending MG...
...The four former directors of MG Rover were the key people behind Phoenix Venture Holdings, a buy-out group that purchased the company from BMW of Germany for a nominal £10 ($16) to save it from potentially...
...When SAIC acquired most of the bankrupt MG Rover’s assets from its receivers in 2005 it moved the focus of the business back to China’s booming market, where it makes cars under the MG and “Roewe” brands...
...Inaction men It was naive to hope that the resolution of the dispute between the government and four disqualified directors of MG Rover would clear the way for a trust fund for redundant workers....
...While MG Rover’s failure hangs heavily over its Chinese-owned successor company, MG officials discourage comparisons between the two....
...Analysis by Michael Gumport of MG Holdings/SIP, a New Jersey-based corporate finance advisory business, of $350bn of buy-backs by US companies between 2000 and 2010 suggests 64.3 per cent were unprofitable...
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