The Digital Source For China's Tech Innovation Since 2000

Search
Close

Cheung Kong withdraws from aircraft leasing to cash in at 33.2 billion-Hong Kong Economic Journal website hkej.com

December 25, 2021
Source: newsdirectory3.com newsdirectory3.com
News Snapshot:
Under the epidemic, business and tourism activities have been greatly reduced, a large number of aircraft have been grounded, and the aviation industry has been severely affected. Cheung Kong Group (01113) has decided to withdraw from the aircraft leasing business and will sell its holdings for a total consideration of US$4.281 billion (approximately HK$33.179 billion) Two aircraft leasing companies with 125 aircraft, to the investment platform of the fund company Carlyle, are expected to generate a total profit of approximately US$170 million (approximately HK$1.318 billion) from the sale. The net proceeds from the sale are intended to be used for...
Go To Original Source →
Tags: Aviation | book | Business | capital | cash | currency | Economy | finance | fund | Hong Kong | Hungary | Hutchison | investment | IT | KONG | LED | management | Mexico | partnership | platform | Renminbi | tourism | United States | website | Yuan

Other Related News:

Vancouver civic election cost $4.4 million

March 31, 2023

US and allies agree initiative to restrict proliferation of commercial spyware

March 31, 2023

What Roku’s job cuts could mean for potential restructuring, M&A potential

March 31, 2023

Politics Briefing: PM says ‘there will have to be changes’ as a result of the Nova Scotia mass shooting inquiry report

March 31, 2023

Crypto market cap unaffected on the week amid more US lawsuits

March 31, 2023

Sam Bankman-Fried Pleads Not Guilty to Additional Set of Charges

March 31, 2023

Crypto entrepreneur Sam Bankman-Fried enters not-guilty pleas to latest charges

March 31, 2023

Kamala Harris announces Tanzania trade boost during Africa tour

March 31, 2023

Influencers take stock of life and dreams if U.S. bans TikTok

March 31, 2023
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter