Cancelled Blackstone Buying Soho China Deal Sends Shares Tumbling

Posted on 09/13/2021

Shares of Beijing-based Soho China Ltd. (SOHO China) tanked in Hong Kong trading after a US$ 3 billion takeover by Blackstone Group Inc. collapsed. In a regulatory filing, Blackstone stated it decided to drop the deal “in light of the lack of sufficient progress” being made among Chinese government regulators who would need to approve […]

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