After concluding a US$442 million purchase of Hilton International’s Hilton Sydney, Bright Ruby is also looking to buy The Westin Sydney for US$400 million.
Songcheng Performing Arts will set up a wholly-owned subsidiary and use it to acquire certain assets of XHA Group to develop a tourism zone in Fuzhou.
Far East Consortium International’s chairman is in negotiations over a AUD$75 million deal to purchase the five-star Pullman Cairns International.
Driver hire service Edaijia has raised US$100 million in its Series D financing, raising its estimated value to US$8,000 million.
New World Development announced it will transfer the full ownership of three Hong Kong hotels to a joint venture the HIP Group.
The Chinese market is expected to be able to accommodate at least 10 additional theme parks of similar scale to Disneyland in the next 25-30 years.
Spring Airlines recorded RMB254 million net profit in the first quarter of 2015, a y-o-y increase of 46.43%.
SOCAM Development of the Shui On Group sold 131 units with parking of the Shanghai Pudong Four Seasons Hotel and Four Seasons Apartments.
