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  • October 21, 2014
  • Last updated: 5:07pm
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  1. Business - Companies - ACQUISITION

    Fosun raises offer for Portuguese hospital firm Espirito Santo Saude

    Posted Oct 10th 2014, 11:17am by Reuters

    ... Reuters in Lisbon Chinese conglomerate Fosun has raised its offer for Portuguese hospital operator Espirito Santo Saude (ESS), topping the price offered by a rival US suitor. Fosun on Thursday increased its offer to €5.01 (HK$49.20) a share from €4.82. US firm United Health’s offer of €5 a share was made directly to the bankrupt Espirito Santo family. The hospital business ...

  2. Business - China Business - ACQUISITIONS

    China HealthCare buys into hospital

    Posted Oct 01st 2014, 10:13am by Sandy Li

    ... Healthcare in HK$2.4 b hospital deal Health care and consumer services provider China HealthCare Holdings plans to acquire the operating rights of an unspecified mainland hospital for HK$2.38 billion ... of the health care system to make it more affordable and accessible. In May, the State Council said in a reform plan it aimed to relax limits on foreign investment in hospitals. One of the first ...

  3. Business - Companies - ACQUISITIONS

    Fosun’s Portuguese unit top bidder for hospital operator Espirito

    Posted Sep 23rd 2014, 11:17am by Eric Ng

    ... over hospital operator Espirito Santo Saude for €451 million (HK$4.5 billion), trumping a rival offer by 7.3 per cent. Fidelidade has offered to buy all of Espirito’s shares at €4.72 each, compared with a bid of €4.40 by Portuguese hospital operator Jose de Mello Saude. A previous offer of €4.30 was launched by Mexican rival Grupo Angeles Servicios de Salud. The takeover will only ...

  4. Business - China Business - INTERNET

    UnionPay relaunches online service for mainland shoppers

    Posted Sep 11th 2014, 06:02am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com Payment provider hopes upgraded platform will help it cash in on mainland shoppers' affluence UnionPay relaunches online shopping service UnionPay, the mainland's dominant payment service provider, has hopped on the bandwagon of haitao- cross-border online shopping by mainland consumers- as it relaunched its online trading ...

  5. Business - China Business

    EU ends telecoms row with China

    Posted Oct 21st 2014, 04:56am by Reuters

    ... Reuters in Brussels EU ends telecoms row with China The European Union has ended a long-running telecommunications row with China, the EU's trade chief said yesterday, dropping a threat to levy punitive tariffs on Chinese equipment exports and easing tensions between two of the world's top trading powers. An earlier deal struck between Brussels and Beijing sets out ...

  6. Business - Comment - LAI SEE

    External forces have helped to fashion modern China

    Posted Oct 21st 2014, 04:39am by Howard Winn

    ... and the Soviet Union. The formation of "a Chinese workers and peasants Red Army" was ordered by Joseph Stalin in 1927, according to Hu Shih, writing in the October 1950 edition of Foreign ...

  7. Business - Companies - TAKEOVERS

    Fosun wins takeover battle for Portuguese healthcare provider

    Posted Oct 16th 2014, 02:23pm by Langi Chiang, Bloomberg

    ... at HK$8.64. Espirito Santo Saude owns one of Lisbon's largest private hospitals, Hospital da Luz, along with seven other hospitals, seven clinics and two senior care institutions. It also manages a public hospital. The company had revenue of €374 million last year. The deal would enable Fidelidade to "exploit seamless synergies with its health-care insurance business in the areas ...

  8. Business - Economy - CURRENCIES

    Pound traders braced for more political turbulence

    Posted Oct 21st 2014, 04:56am by Bloomberg

    ... more seriously the possibility of Britain's eventual exit from the European Union. British politics in 2015 would make the Scottish vote "look like a Sunday picnic" ...

  9. Business - Money - COMMENT

    Why investors focus on bad news from Europe

    Posted Oct 20th 2014, 05:05am by Reuters

    ... not be a big problem. There is, however, a far more worrying explanation: Europe- not just the obvious weakness of the European economy, but the inability or unwillingness of European Union ...

  10. Business - Companies

    Occupy movement creates marketing nightmare for luxury brands

    Posted Oct 20th 2014, 05:05am by Peter Guy

    ... are marketed in Hong Kong. Besides demonstrating how a series of organised protests could affect an entire city's economy, an openly fought, long-term class struggle doesn't make a hospitable ...




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