HONG KONG, May 8 (Reuters) – China Mengniu Dairy Co Ltd’s
deal to buy a $410 million stake in China’s largest
unpasteurised milk producer is a strategic move to rebuild trust
after a series of scandals left local brands’ reputations in
tatters.

Mengniu, twice hit by accusations it sold tainted milk, said
on Wednesday it would buy 26.92 percent of China Modern Dairy
Holdings Ltd from private equity firms KKR & Co LP and
CDH Investments. The deal will lift Mengniu’s stake in China
Modern to about 28 percent.

HONG KONG (Reuters) – China Mengniu Dairy Co Ltd’s (2319.HK: Quote, Profile, Research, Stock Buzz) deal to buy a $410 million stake in China’s largest unpasteurized milk producer is a strategic move to rebuild trust after a series of scandals left local brands’ reputations in tatters.

Mengniu, twice hit by accusations it sold tainted milk, said on Wednesday it would buy 26.92 percent of China Modern Dairy Holdings Ltd (1117.HK: Quote, Profile, Research, Stock Buzz) from private equity firms KKR & Co LP and CDH Investments. The deal will lift Mengniu’s stake in China Modern to about 28 percent.

HONG KONG (Reuters) – The mystery lender behind a Thai billionaire’s $9.4 billion purchase of a stake in China’s No.2 insurer was UBS, which offered a last minute and complex financing package known to only a few involved, people with knowledge of the matter told Reuters.

The Swiss bank’s financial backing for the largest ever foreign purchase of Chinese stock explains how a Thai conglomerate scraped together $7.4 billion in cash for the deal’s final payment, after its main lender backed out at the 11th hour.

HONG KONG (Reuters) – The mystery lender behind a Thai billionaire’s $9.4 billion purchase of a stake in China’s No.2 insurer was UBS, people with direct knowledge of the matter told Reuters, revealing how the bank stepped in at the last minute to offer a complex financing package known only to a few involved.

The Swiss bank’s financial backing for China’s largest ever foreign stock purchase explains how a Thai conglomerate scraped together $7.4 billion in cash for the deal’s final payment, after its main lender backed out at the 11th hour.

HONG KONG, April 5 (Reuters) – The mystery lender behind a
Thai billionaire’s $9.4 billion purchase of a stake in China’s
No.2 insurer was UBS, which offered a last minute and complex
financing package known to only a few involved, people with
knowledge of the matter told Reuters.

The Swiss bank’s financial backing for China’s largest ever
foreign stock purchase explains how Thailand’s richest person
and his conglomerate pulled together $7.4 billion in cash for
the deal’s final payment, after its main lender backed out at
the 11th hour.

SINGAPORE/HONG KONG (Reuters) – Standard Chartered PLC (STAN.L: Quote, Profile, Research, Stock Buzz) has hired Peter Burnett from UBS AG (UBSN.VX: Quote, Profile, Research, Stock Buzz) as its North East Asia head of corporate finance, beefing up its senior leadership with another high-profile regional veteran of the Swiss investment bank.

The hiring of Burnett, the Asia chairman of global capital markets at UBS, comes less than two years after Standard Chartered hired Mark Dowie. Dowie is Standard Chartered’s global head of corporate finance and a former UBS vice chairman of investment banking.

HONG KONG (Reuters) – In the neighbourhoods where the Jamaican rugby sevens team trains, bullets fly and local gangs rule.

Their fields are as thin as asphalt and there is no weight training room.

Poor facilities is just one bump the organization has faced in the past few years, a larger one being the murder of Jamaica rugby stalwart Jacob Thompson in 2009.

HONG KONG, March 24 (Reuters) – In the neighbourhoods where the Jamaican rugby sevens team trains, bullets fly and local gangs rule.

Their fields are as thin as asphalt and there is no weight training room.

Poor facilities is just one bump the organization has faced in the past few years, a larger one being the murder of Jamaica rugby stalwart Jacob Thompson in 2009.

HONG KONG (Reuters) – On his first trip to Nairobi last year after being named Kenya’s new rugby sevens coach, Mike Friday entered the training facility and immediately had second thoughts.

“When I walked through the door, I remember thinking ‘what have I done?’” Friday recalls.

HONG KONG, March 23 (Reuters) – On his first trip to Nairobi last year after being named Kenya’s new rugby sevens coach, Mike Friday entered the training facility and immediately had second thoughts.

“When I walked through the door, I remember thinking ‘what have I done?’” Friday recalls.