Tag "3"

As Cuba opens, developers tee up to build golf courses

By Marc Frank HAVANA (Reuters) – A British real estate developer plans to break ground early next year on Communist-run Cuba’s first luxury golf resort, a $500 million project that would be the largest private foreign investment on the island since the fall of the Soviet Union. With relations improving between the United States and Cuba, tourism and real estate are seen by many businesses as the most interesting investments,

Tencent deal throws spotlight on Hong Kong backdoor listings

By Denny Thomas and Michelle Price HONG KONG (Reuters) – A heavily discounted purchase of a loss-making solar-panel maker last week has cast a spotlight on the Chinese takeovers of so-called listed shell companies in Hong Kong, which may be used to sidestep the bourse’s rigorous listing process. China’s No.1 social network and online media company Tencent Holdings Ltd and developer Evergrande Real Estate Group joined forces to purchase Mascotte

Tencent deal throws spotlight on Hong Kong backdoor listings

By Denny Thomas and Michelle Price HONG KONG (Reuters) – A heavily discounted purchase of a loss-making solar-panel maker last week has cast a spotlight on the Chinese takeovers of so-called listed shell companies in Hong Kong, which may be used to sidestep the bourse’s rigorous listing process. China’s No.1 social network and online media company Tencent Holdings Ltd and developer Evergrande Real Estate Group joined forces to purchase Mascotte