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Thailand’s Minor to bid for all of Spain’s NH Hotel Group

Bloomberg Thailand’s Minor International Pcl said it would bid to acquire all of NH Hotel Group SA after agreeing to buy HNA Group Co.’s stake in the Spanish hospitality chain. Minor’s shares climbed the most since 2016. The Bangkok-based company will make a tender offer worth as much as 1.64 billion euros ($1.92 billion) for the 65 percent of NH ...

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China smashes steel gangs’ $750mn export scam

Bloomberg China has detained 245 people after a nationwide raid of gangs suspected of illegally selling more than 2.4 million metric tons of steel scrap to buyers across Southeast Asia. Chinese authorities carried out multiple raids starting after an investigation into unusual activity unearthed a network that was shipping scrap without fully paying the 40 percent export duty, the General ...

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In bankruptcy case, golf memberships on sale in Hong Kong

Bloomberg China Fishery Group Ltd.’s bankruptcy case enters its second anniversary this month with no resolution in sight as a key auction of its fishing assets in Peru stalls. It may have better luck selling its corporate memberships in the famed 129-year old Hong Kong Golf Club. Membership No. 1024 and 1031 are being put up for sale to maintain ...

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