Shimao Group said on Monday it appointed two firms to conduct independent investigations into issues raised by its previous auditor and its internal control systems, as the developer looks to meet regulatory conditions to resume trading. The Shanghai-based company also reiterated its commitment to restructure its offshore debt and said it had entered into a HK$10.30 billion ($1.31 billion) loan deal… Continue reading Shimao appoints two firms to conduct independent probes amid restructuring push
Category: News Type
JPMorgan must pay $1b for full ownership of China mutual fund JV
JPMorgan would need to pay $1 billion for full ownership of its Chinese mutual fund venture, a statement on the Shanghai United Asset and Equity Exchange showed on Tuesday, a price tag that analysts said was expensive. JPMorgan‘s asset management business is to buy a 49% stake in China International Fund Management Co (CIFM), a move which follows Beijing’s decision earlier this year to fully open up the mutual fund industry to foreign… Continue reading JPMorgan must pay $1b for full ownership of China mutual fund JV
Ares SSG acquires majority stake in HK commercial project for $392m
Alternative asset manager Ares SSG, which is a pan-Asian unit of Ares Management Corporation, has purchased a 51% stake in New World Development’s Hong Kong office project for around $392 million (HK$3.07 billion), per a regulatory filing. A fund under the management of Ares SSG had formed a joint venture with the HKEX-listed developer, led… Continue reading Ares SSG acquires majority stake in HK commercial project for $392m
SG cashback platform ShopBack secures $80m from Temasek arm
Singapore-based cashback platform ShopBack has raised an additional $80 million in equity in a Series F extension from 65 Equity Partners, a wholly-owned subsidiary of state investor Temasek Holdings. Having raised $80 million from Asia Partners in July this year, the total funds raised by ShopBack in its Series F round now stands at $160… Continue reading SG cashback platform ShopBack secures $80m from Temasek arm
The Trevor Project cuts ties with student surveillance software after online backlash
/ A nonprofit that works with LGBTQ-plus youth took money from a surveillance software company. Activists weren’t happy. Gaggle monitors students’ work on school-owned accounts for potentially “harmful” keywords.Photo by Amelia Holowaty Krales / The Verge The Trevor Project, a nonprofit that provides crisis support to LGBTQ-plus youth, will cut ties with student-focused monitoring software… Continue reading The Trevor Project cuts ties with student surveillance software after online backlash
Own an Audi Q4 e-tron? We need you…
The Audi Q4 e-tron – available as an SUV or a Sportback – sits at the heart of Audi’s fast-growing line-up of all-electric models, with our Autocar road test team praising it for its family-friendly space, its impressive range and its refined driving character. When it comes to finding out what a car is really like… Continue reading Own an Audi Q4 e-tron? We need you…
Opinion: Reborn Granturismo gives Maserati new cachet
Becoming part of a huge intercontinental conglomerate was, by and large, fantastic news for the 14 brands that huddled together under the Stellantis umbrella upon its formation in 2020. Production synergies, component sharing, R&D collaboration, inter-car connectivity – all are now possible on a much wider scale for each, and no doubt transformative in terms… Continue reading Opinion: Reborn Granturismo gives Maserati new cachet
Maserati Grancabrio due next year as first drop-top EV GT
Maserati is primed to bring back the Grancabrio nameplate next year for an open-roof version of its reborn Granturismo, revealed today. Set to share the coupé’s EV and pair of V6 powertrain options, the revitalised Maserati Grancabrio will also feature nearly-identical technical specifications across the board, said Maserati. That means a choice of two six-cylinder options (with 489bhp or… Continue reading Maserati Grancabrio due next year as first drop-top EV GT
New 2023 Maserati Granturismo arrives with V6 and 745bhp EV
The firm’s goal is to have a “completed” electric range by 2025, including an electric version of the Maserati MC20 flagship supercar. However, Capaldi told Autocar that Maserati was not yet ready to ditch combustion completely for the Granturismo, which he called the “pillar of the brand”, hence the launch of the petrol version fitted… Continue reading New 2023 Maserati Granturismo arrives with V6 and 745bhp EV
@Nissan: Nissan Group reports third-quarter 2022 U.S. sales000858
October 3, 2022 2022 2021 % chg Third-quarter (July – Sept.) 2022 total sales (units) 154,086 198,955 -22.6% Nissan Division sales 142,845 188,289 -24.1% INFINITI sales* 11,241 10,666 5.4% Calendar year 2022 total sales (units) 538,338 782,656 -31.2% Nissan Division sales 505,292 735,053 -31.3% INFINITI sales* 33,046 47,603 -30.6%… Continue reading @Nissan: Nissan Group reports third-quarter 2022 U.S. sales000858