Some of the world's biggest private equity players are learning the hard lesson that size does not guarantee success when it comes to making investments in China.Tuesday, 23 April, 2013, 7:03am 1 comment
The resignation of the chief financial officer at mainland sportswear retailer Li Ning adds uncertainty to a company already struggling with plunging sales and a weakened brand image.
The Beijing-based company said yesterday Chong Yik Kay had resigned, effective from November 1, but would remain as an adviser to the company.14 Oct 2012 - 1:07pm
Li Ning shares jumped more than 10 per cent yesterday after the sportswear retailer announced its chief executive had stepped down and private-equity firm TPG Capital would get more involved in its daily operation.
The Beijing-based company said in a filing yesterday that chief executive Zhang Zhiyong had stepped down with effect from Wednesday.6 Jul 2012 - 12:00am
In November last year some of the biggest figures in the world of private equity gathered in the Grand Hyatt hotel in Wan Chai to discuss the future of their business.24 Apr 2012 - 12:00am
With the dramatic removal of Bo Xilai as Chongqing's top party boss last month, his dream of transforming the city into a regional financial centre may be slipping away.3 Apr 2012 - 12:00am
Li Ning Company, one of the largest sportswear retailers in China, rose sharply yesterday after selling HK$922 million of convertible bonds to investment firm TPG and the sovereign fund of Singapore.
Li Ning shares rose 8.5 per cent, its biggest intraday gain in seven weeks, to HK$7.29 yesterday against a 0.8 per cent gain in the Hang Seng Index.21 Jan 2012 - 12:00am
Comtec Solar Systems Group, a major Chinese maker of monocrystalline solar wafers, says TPG Capital will invest up to HK$1.17 billion in the firm.
TPG will subscribe for HK$780 million of unsecured convertible bonds due 2016. The bonds are convertible into new ordinary Comtec shares at an initial conversion price of HK$3.90.20 Apr 2011 - 12:00am
Even as private equity funds raised 238.6 per cent more money for mainland deals, they invested 25 per cent less money in that market in the first half compared to last year due to higher valuations and increased regulatory constraints.25 Jul 2007 - 12:00am
The board of directors of PCCW, the territory's largest fixed-line telephone operator, will reject two different offers by foreign investors worth as much as $60 billion for the company's telecommunications and media assets at a meeting today, people familiar with the situation said.25 Jul 2006 - 12:00am