Subscribe
|
Forgot Password?
|
e-Mag
Popular Searches:
bank
,
standard
,
chartered
China
Hong Kong
Korea
India
Singapore
More by country
Asia
Australia
Indonesia
Japan
Malaysia
Middle East
Pakistan
Philippines
Taiwan
Thailand
Vietnam
World
e-Magazine
Newsletter
Photo Galleries
RSS
Site Map
People Moves
Business Moves
View Point
Macro & Markets
Corporate
Cash & Trade
Structured Products
FX
Private Banking
Awards
Co-published
Editor's Desk
Polls
Book Review
Private Capital
Upcoming
Highlights
Recent
Home
>
News
>
M&A
>
Morgan Stanley invests in Agile's Hainan project
M&A
Morgan Stanley invests in Agile's Hainan project
By
Sameera Anand
|
7 July 2008
Keywords:
morgan stanley
|
agile property
|
hainan
Subscriber Content Preview.
Subscribe now for full access or call us now on +852 2122 5222
.
The property arm of the US investment bank pays $770 million for a 30% stake in a resort development project in an upcoming tourism area in China.
Hong Kong-listed property developer Agile Property Holdings has sold a significant minority interest in its Hainan development project to a Morgan Stanley investment vehicle for Rmb5.28 billion ($770 million).
Morgan Stanley will make the investment by picking up a 30% stake in Crown Golden, a company created by Agile in February 2007 to develop the Hainan project, Agile said in a statement filed late on Thursday.
The project, a resort development in Lingshui in Hainan, near Sanya, will have a total floor area of 9.86 million square metres and will be developed in two ...
To continue reading this article,
subscribe now or call us now on +852 2122 5222
.
You need a subscription to view this article
Articles older than 48 hours are available to subscribers only.
Log in below or buy a subscription to enjoy unlimited access to FinanceAsia.com's quickly growing 13,000 article database.
Login to access this article
Username:
Password:
Remember me
|
Forgot your password?
MOST READ
24 hours
30 days
Temasek sells S$1 billion of 10-year bonds
Bank of China Hong Kong raises $1.6 billion in week of record issuance
J.P. Morgan makes $1.1 billion structured trade loan to Air India
Jimmy Lee from Clariden Leu discusses Asian private banking
Banks in US still under fire
Credit Suisse shares views on high-yield issuance in Asia
Feng Shui Index predicts bouncy ride in year of the tiger
Citi’s Asia-Pacific markets chiefs bullish on 2010
The return of commodities
Asia’s foreign exchange policies
Polls
Is China's economy recovering strongly or experiencing a bubble?
Recovering
Bubbling
Neither
Not sure
|
View results
Recovering
26%
Bubbling
57%
Neither
11%
Not sure
6%
TOTAL VOTES: 35
View previous polls »
LATEST FROM AsianInvestor
Principal's West to run non-US distribution
China volatility in January reflects market anxiety, says AlphaShares
Chi-East to go live by end of Q2
More clarity sought on central clearing plans
Franklin Templeton to bring offshore funds to India
More from AsianInvestor »
Tables
Latest League Tables »
DCM
|
ECM
|
M&A
|
Fees
Debt Pipeline »
Equity Pipeline »
Magazine
FinanceAsia
February 2010
What's in this issue
View e-magazine