Privatisation

HOCK LOCK SIEW

Concerns of weak prospects at Low Keng Huat belie a history of strong shareholder returns

Its shares have delivered a higher total return over the past 15 years than the STI as well as property groups such as CDL, Hongkong Land and UOL

Major groups may have good reasons to privatise listed hotel-owning entities.
THE LEVEL GROUND

Owning luxury hotels is tough but can be richly rewarding for patient capital

Jardine Matheson and Frasers Property could gain from hotel ownership over the long term

Under the proposal, shareholders can opt for a cash consideration of HK$12.18 per ANE share or a share alternative, or a combination of both.

Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation

[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Centurium Capital, Temasek Holdings and True Light have offered to take it private in a dea...

ANE operates one of China’s largest less-than-truckload logistics networks, serving e-commerce and industrial clients.

Temasek-led consortium makes offer to delist China’s ANE in Hong Kong

The consortium is working with advisers on the take-private proposal, but the negotiations have been challenging

Genting Bhd has offered RM2.35 per share, a 9.8 per cent premium to Genting Malaysia’s last price of RM2.14 before trading in its shares was halted on Monday.

Genting Bhd moves to privatise Genting Malaysia in RM6.7 billion deal

The conglomerate says the deal would improve capital allocation and operational efficiency

HSBC currently owns about 63% of Hang Seng Bank and will spend about US$14 billion buying up the shares it doesn’t already hold.

HSBC plans to privatise Hang Seng at US$37 billion valuation

The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating range

The competition watchdog earlier opened a public consultation on Sep 8 to seek feedback on TPG’s acquisition of Econ Healthcare (Asia).

Competition watchdog clears Econ Healthcare acquisition, says deal has not substantially lessened competition

This is in view of the low market shares of the parties involved in the acquisition, among other reasons

The take-private deal, unveiled in June, involves a real estate unit owned by group companies making a tender offer for the shares of Toyota Industries.

Toyota Industries 4.7 trillion yen buyout plan faces antitrust delays

The takeover bid is now is not likely to happen until at least February 2026

EA is being taken private by Saudi Arabia’s Public Investment Fund (PIF), Silver Lake Management and Jared Kushner’s Affinity Partners in a deal announced on Monday (Sep 29).

JPMorgan’s US$20 billion EA deal marks win over private credit

The bank makes the commitment through its leveraged-finance arm, not its private credit strategy

Earlier this year, Electronic Arts cut hundreds of jobs, its third mass layoff since 2023.

Electronic Arts buyout talk highlights video game struggles as growth slows

Observers worry the move suggests EA executives are looking for an exit because of concerns about the future of the video-game industry