Hong Kong is known to all as the home of world capitalism. In contrast to the politicized financial centers in mainland China, where according to local residents the markets are transparent and the rights of minority shareholders are protected. As a proof of this is an example of the fact that Hong Kong did not allow the Chinese company Alibaba to use the structure of the double shares that would restrict the rights of minority investors.
Last week, November 24, 2015 the billioner Li Ka-Shing, nicknamed “Superman” announced intention to reorganize its “business empire”. According to this he wanted to incorporate the richest energy company «Power Assets Holdings» and his own «Cheung Kong Infrastructure» – a global conglomerate holding company which invests in energy, transport infrastructure and water supply. Such a deal could be very profitable, as the businessman says, because it contributed to the connection of more funds for investment.
“Superman” is usually achieves its goals. But on November 24, 2015 shareholders did not support his idea to combine these two entities. About half of the company’s shareholders voted against such a decision. The vote was a big disappointment for the Li Ka-Shing, because he wanted to implement the plan on a shift of investments from mainland China to Europe and Australia. The next time businessman can apply with the same proposal only after one year.
However, there may be other ways to get in the near future to merge the two biggest companies into one. In any case, the attempt of Li Ka-Shing displays his desire to change the direction of investment. So this story will be continued.
Apple Inc, according to a lawsuit filed by Epic Games Inc., must allow mobile app developers to redirect users to alternative resources to pay for services in the App Store. The Wall Street Journal reported this. A 30% commission is now charged on each purchase. Judge Yvonne Gonzalez Rogers concluded that Apple’s practice was uncompetitive […]
The World Bank will provide Ukraine with a second tranche of $ 350 million, but subject to certain conditions. WB Vice President for Europe and Central Asia Anna Bjerde told Interfax-Ukraine what exactly is expected from Kyiv. “The prospects for the second tranche of the Economic Recovery Development Policy Loan depend on maintaining an adequate […]
September 13, 2021 — Stockholm, Sweden — Beetroot AB, the tech division of the Beetroot ecosystem, opens a new location in Mariupol, Ukraine. The company is currently accepting applications for over fifty software development vacancies in its international client projects. In Mariupol, Beetroot will focus on building teams of tech specialists to work on a […]
The American multinational corporation Google, fined in France for copyright infringement, has announced its intention to appeal the decision of the French regulatory authorities. This was announced on Wednesday, September 1, the chairman of the board of Google France Sebastien Missoff. “We do not agree with some legal nuances and consider the amount of the […]
As of September 1, 11,499 agreements have been concluded within the land market. Poltava (2,873.6 ha) and Kharkiv (2,747.4 ha) regions are in the lead. This was reported by the press service of the Ministry of Agrarian Policy. It is noted that 4836 notaries have applied for access to the State Land Cadastre. A total […]
In the first half of 2021, Metinvest earned $ 2.769 billion compared to a loss of $ 240 million a year earlier, according to the company’s press service. According to the financial report, as of June 30, the Group’s net debt decreased by 52% since the beginning of the year – to $ 1.016 billion, […]
The State Property Fund of Ukraine has put the Vinnytsia diamond processing plant Crystal up for privatization auction for almost 90 million hryvnias. This is stated in the message of the Foundation. It is noted that the plant not only cuts and grinds precious stones, but also makes jewelry. They produce more than five thousand […]
In the first half of the year, the National Bank suffered UAH 12 billion in losses, according to the central bank’s press service. In this regard, next year, according to the forecast, the NBU will transfer to the budget UAH 13.6 billion, which is 1.8 times less than this year (UAH 24.4 billion). It is […]
Georgian Manganese temporarily suspends all works on the extraction and enrichment of manganese ore in the Chiatura mine (formerly JSC “Chiaturmarganets”, Georgia, Imereti). According to American Metal Market, the activities will be stopped starting from January 20, due to poor market conditions in the global markets of steel products. Stop of Enterprice , which is […]Next
On Thursday, Advanced Micro Devices Inc. has introduced the long-awaited line of four next-generation Ryzen 5000 series CPUs for the desktop PCs, based on the new Zen 3 architecture. Ryzen 5000 series products are based on the 7-nm manufacturing process of the Taiwan Semiconductor and designed for the computer gamers and the content creators. AMD […]Next
Recently the Antimonopoly Committee of Ukraine (AMCU) has approved the imminent agreement to acquire a network of medical centers “Medisvit” by the private clinic “Medikap”. Transaction amount and details were not disclosed at the moment. The “Medical Center” Medikap” company is a private medical facility in Odessa, which had an income of $ 65, 596 […]Next
Recently, the Governor of the State of New York spoke with a proposal on the introduction of new banking rules that would have made the system more transparent; reduce the flow of illegal investments. Also, this way the authorities are hoping to protect the banking system from the terrorists. This week Cuomo plans to discuss […]Next
From confidence to clarity, there are a number of reasons holding you back from success. Previously LDaily wrote about how important it is to improve the professional value – “To be successful in business means to have a high” social currency “, take into account the things that you need to pay attention to at […]Next
The car company plans to increase the production of electric and hybrid cars, and in the coming years will be actively engaged in developing new models. Leaders of Ford Motor Company announced that they plan to invest in the production of electric and hybrid vehicles $ 4.5 billion. The CEO of the company Mark Fields […]Next
Ukrzaliznytsia subsidiary Center software production signed five agreements with oil provider regarding purchase of 65 thousand tons of diesel fuel. This volume should be enough for two and a half months to ensure stable passenger – and freight transport. This was announced today from the data message posted on the official website of Ukrainian Railways. […]Next
American electric car maker Tesla Inc ended the first quarter of this year with record profits, but the company’s revenue was slightly worse than market forecasts. This is stated in a press release from Tesla. Thus, the company’s net income in January-March was $ 438 million, or $ 0.39 per share, compared to $ 16 […]Next
The National Commission for Energy and Utilities has revoked the license of Donetskoblgaz, Ukrinform reports. “To revoke the license of PJSC Donetskoblgaz for the right to conduct economic activity in the distribution of natural, oil and gas (methane) coal deposits, issued in accordance with the resolution of the National Electricity Regulatory Commission of Ukraine,” the […]Next
German-Ukrainian Fund signed a memorandum of cooperation with the Ukrainian lender Oschadbank. On the eve of this information was posted on the NBU website, which also contains excerpts from the press release of the fund. According to the original source, the collaboration of investors will focus on the maintenance of small and medium-sized businesses. The […]Next
In Ukraine Boyden Global,one of the leaders in the market of personnel recruitment and provision of consulting services will begin work in the nearest future.Executive Search multi-national company. According to Aleksei Dolgikh,the head of the Ukrainian Boyden office: “the working group of specialists is already created and ready to work”. The former director of Pedersen&Partners […]Next
The streaming service Netflix published quarterly reports, which did not meet analysts’ expectations on a number of indicators. In this regard, the company’s shares fell by 5.7% during electronic trading. For example, Netflix’s earnings per share were $ 1.74, while analysts surveyed by Refinitiv expected $ 2.14. The number of new paid subscribers was 2.2 […]Next
The Digital Future Investment company became a co-investor in the startup YouAppi round “B”. According to the CEO of the Digital Future, Alexei Vitchenko, this is the first transaction of the Ukrainian investment company in the “B” round level. The deposit amount is not disclosed. American-Israel YouAppi service was founded in 2011. YouAppi technology is […]Next
Naftogaz announced a return to the practice of manual management of state-owned enterprises after the Cabinet’s decision to dismiss the head of the NAC Andriy Kobolev and the company’s supervisory board. The board of Naftogaz announced this on Wednesday, April 28. The company claims that the government’s decision is a legal manipulation. “The dismissal of […]Next
According to the results of last year, Ukrzaliznytsia received a net loss of UAH 11.9 billion against a profit of UAH 2.988 billion a year earlier. This is stated in the company’s financial report. The company states that the financial result was significantly affected by a decrease in revenues from freight and passenger traffic – […]Next
Microsoft Corp. is in talks to buy Nuance Communications Inc., a developer of a speech and text recognition solution, for about $ 16 billion, several U.S. media outlets reported, citing informed sources. According to them, negotiations are at an advanced stage, and the announcement of the agreement may be made in the coming days. Microsoft […]Next