Blackstone, China, property

Blackstone to buy Hong Kong’s Tysan for $322.6 million

US group has offered to buy Hong Kong-listed construction and property firm Tysan Holdings for HK$2.5 billion ($322.6 million) in cash.
Stephen Schwarzman, Blackstone’s chairman and chief executive, said China’s economic slowdown was creating opportunities to invest.
Stephen Schwarzman, Blackstone’s chairman and chief executive, said China’s economic slowdown was creating opportunities to invest.
August 19, 2013

Blackstone Group, the world’s largest private equity firm, is set to buy property and construction group Tysan Holdings for HK$2.5 billion ($322.6 million), according to a stock exchange filing.

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