Blackstone's $4 billion investment talks with Hong Kong developer New World stall over control concerns

channelnewsasia.com

Blackstone's $4 billion investment talks with Hong Kong developer New World have stalled due to control issues. The Cheng family, which controls New World, is resisting Blackstone's proposal to become the largest shareholder, exploring alternatives to raise capital without losing control. New World, heavily indebted, is seeking to refinance and improve liquidity amid a strained Hong Kong property market.


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Blackstone's $4 billion investment talks with Hong Kong developer New World stall over control concerns | News Minimalist