Connect with us


Blackstone offers more than $ 3 billion to developer Office Soho China




Soho CEO Zhang Xin and Blackstone CEO Stephen Schwarzman (Wikimedia, Getty)

Soho CEO Zhang Xin and Blackstone CEO Stephen Schwarzman (Wikimedia, Getty)

Blackstone Group has made an offer to buy Beijing-based developer Soho China Ltd. for $ 3.05 billion.

If the deal goes through, that would be Blackstones’ biggest bet in the Chinese real estate market, according to Bloomberg.

Blackstone offered HK $ 5 for each Soho China share, a 31.6% premium to the latter’s last closing price before trading was suspended on Tuesday. The company is listed on the Hong Kong Stock Exchange.

Shares jumped 26% when trading resumed on Thursday. The price of Blackstones is around $ 0.64 per share.

Soho China said in March last year that it was in talks to sell to foreign investors. Blackstone was among those interested, but the pandemic has put those discussions on hold.

The office developer has come under financial pressure both from falling rents in major Chinese cities and the lack of ongoing projects.

In April, office tenants in China were the most optimistic on a short term recovery from the pandemic among their Asia-Pacific counterparts.

Soho China Chairman Pan Shiyi and CEO Zhang Xin have agreed to sell most of their shares, which together constitute a controlling stake, to Blackstone. They plan to retain a 9 percent stake in the company.

Blackstone is preparing to buy Soho China through its funds Blackstone Real Estate Partners Asia II and Blackstone Real Estate Partners (Offshore) XI.

[Bloomberg] Dennis lyncher

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]