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China’s Wanda seeks expansion, eyes stake in Paramount Pictures

  AFP Chinese conglomerate Wanda is in talks to buy a stake in US film studio Paramount Pictures, according to a report, marking the Asian company’s latest move to expand its entertainment empire. Wanda, which in January bought production giant Legendary Entertainment for $3.5 billion, is seeking 49 percent of Paramount from parent company Viacom, the Wall Street Journal quoted ...

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Great Eagle halts $330mn London plan

  Bloomberg Great Eagle Holdings Ltd. Chairman Lo Ka Shui said he has suspended plans for a £250 million ($330 million) real estate project in London because of the uncertainty following Britain’s decision to withdraw from the European Union. In an interview in Hong Kong, Lo said that Brexit is likely to send property values lower, noting that seven listed ...

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Tishman teams with Lenovo on South China real estate development

  Bloomberg Tishman Speyer is teaming with Lenovo Group Ltd., the world’s biggest personal-computer maker, on a 9 billion yuan ($1.35 billion) real estate project in Shenzhen, China, marking the developer’s first foray into the country’s southern region. The 2.2 million-square-foot (204,400-square-meter) office-and-retail development, to be built in the city’s central business district, will house the headquarters for Lenovo’s international-business ...

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