Blackstone Inc. has picked Citigroup Inc. to help prepare for a potential sale of ShyaHsin Packaging , according to people with knowledge of the matter. The alternative asset manager may seek a valuation of at least $1 billion for the Chinese packaging firm in a transaction, the people said, asking not to be identified because the information isn’t public. A sale process might kick off later this ...
Blackstone Inc. has picked Citigroup Inc. to help prepare for a potential sale of ShyaHsin Packaging , according to people with knowledge of the matter. The alternative asset manager may seek a valuation of at least $1 billion for the Chinese packaging firm in a transaction, the people said, asking not to be identified because the information isn’t public. A sale process might kick off later this year, the people said. Other private equity firms and industry players have shown preliminary interest in the asset, the people said. Considerations are ongoing and Blackstone may still decide to retain the asset for longer, they added. Representatives for Blackstone and Citi declined to comment. ShyaHsin makes packaging for the beauty industry, including color cosmetics, skincare and fragrances. It has manufacturing sites in China and Mexico. Blackstone bought ShyaHsin for about $800 million to $900 million in 2017. Mergermarket reported earlier this year that Blackstone was exploring a sale of ShyaHsin and speaking with Goldman Sachs Group Inc. to gauge interest.
Malaysia has cut operating licence fees for gyms in Kuala Lumpur by 80 per cent, offering fitness operators a regulatory “carrot” as the government tries to push residents in one of Southeast Asia’s heaviest countries to exercise more. The move comes as Malaysia grapples with some of the region’s highest obesity rates – a problem health officials say is especially pronounced in sedentary urban cen...
Malaysia has cut operating licence fees for gyms in Kuala Lumpur by 80 per cent, offering fitness operators a regulatory “carrot” as the government tries to push residents in one of Southeast Asia’s heaviest countries to exercise more. The move comes as Malaysia grapples with some of the region’s highest obesity rates – a problem health officials say is especially pronounced in sedentary urban centres such as the capital. Under the new Kuala Lumpur rate, in force from January 1, gyms now pay 10 ringgit (US$2) per square metre, down from 50 ringgit. Advertisement Federal Territories Minister Hannah Yeoh said operators who previously paid about 5,000 ringgit (US$1,270) a year would now pay about 1,000 ringgit. “Previously, gym operators paid about 5,000 ringgit annually in licence fees. Now, they only need to pay 1,000 ringgit. This is a reduction of 80 per cent,” she said at a press conference at City Hall earlier this week. Advertisement The initiative would start in Kuala Lumpur before extending to Putrajaya and Labuan, she said, adding that only “pure” gyms would qualify for the 10 ringgit rate.
Tencent Holdings Ltd. intends to invest several hundred million dollars in Paramount Skydance Corp. ’s acquisition of Warner Bros. Discovery Inc. , according to people familiar with the situation. The Chinese company would be acting as a passive financial investor, the people said, asking not to be identified because the matter is private. Paramount’s offer for Warner Bros. in December included a ...
Tencent Holdings Ltd. intends to invest several hundred million dollars in Paramount Skydance Corp. ’s acquisition of Warner Bros. Discovery Inc. , according to people familiar with the situation. The Chinese company would be acting as a passive financial investor, the people said, asking not to be identified because the matter is private. Paramount’s offer for Warner Bros. in December included a $1 billion equity commitment from Tencent, according to a filing at the time, but that was withdrawn after Warner Bros. raised concerns that the Chinese company’s presence could lead to national security challenges with US regulators. After Paramount raised and amended its offer, Warner Bros. agreed to sell to the David Ellison-led company in a deal worth $110 billion. Tencent might still decide not to invest, the people said, adding that it could take a while for the deal to be completed. Representatives for Tencent and Paramount declined to comment. Paramount Deal Still Under US Review, With Challenge Unlikely Senator Wants China’s Tencent Out of Paramount-Skydance Deal Chinese ownership of US assets has been a cause for concern in Washington, resulting in a deal for social media site TikTok’s US operation this year. Supercell Oy, a Finnish video-game company owned by Tencent, said this month it is cooperating with a US security probe of its Chinese parent’s data practices. Tencent already holds a minority nonvoting stake in Paramount. It also has co-financed films produced by Skydance such as Terminator: Dark Fate, and helped with marketing and distribution of the studio’s blockbusters since its strategic investment in the then Skydance Media in 2018 . Paramount’s acquisition of Warner Bros. is funded by $47 billion in equity backed by the Ellison family and RedBird Capital Partners. Other strategic financial partners may join at closing of the transaction, which is also backed by $54 billion of debt commitments from Bank of America Corp., Citigroup Inc. and Apollo Globa...
Bloomberg Tencent Holdings Ltd. intends to invest several hundred million dollars in Paramount Skydance Corp.’s acquisition of Warner Bros. Discovery Inc., according to people familiar with the situation. The Chinese company would be acting as a passive financial investor, the people said, asking not to be identified because the matter is private. Most Read from Bloomberg Paramount’s offer for War...
Bloomberg Tencent Holdings Ltd. intends to invest several hundred million dollars in Paramount Skydance Corp.’s acquisition of Warner Bros. Discovery Inc., according to people familiar with the situation. The Chinese company would be acting as a passive financial investor, the people said, asking not to be identified because the matter is private. Most Read from Bloomberg Paramount’s offer for Warner Bros. in December included a $1 billion equity commitment from Tencent, according to a filing at the time, but that was withdrawn after Warner Bros. raised concerns that the Chinese company’s presence could lead to national security challenges with US regulators. After Paramount raised and amended its offer, Warner Bros. agreed to sell to the David Ellison-led company in a deal worth $110 billion. Tencent might still decide not to invest, the people said, adding that it could take a while for the deal to be completed. Representatives for Tencent and Paramount declined to comment. Chinese ownership of US assets has been a cause for concern in Washington, resulting in a deal for social media site TikTok’s US operation this year. Supercell Oy, a Finnish video-game company owned by Tencent, said this month it is cooperating with a US security probe of its Chinese parent’s data practices. Tencent already holds a minority nonvoting stake in Paramount. It also has co-financed films produced by Skydance such as and helped with marketing and distribution of the studio’s blockbusters since its strategic investment in the then Skydance Media in 2018 Paramount’s acquisition of Warner Bros. is funded by $47 billion in equity backed by the Ellison family and RedBird Capital Partners. Other strategic financial partners may join at closing of the transaction, which is also backed by $54 billion of debt commitments from Bank of America Corp., Citigroup Inc. and Apollo Global Management Inc. Existing Paramount shareholders may be able to participate in a rights offering of up to $3.25 bi...
In early March, SoFi Technologies (SOFI 1.74%) CEO Anthony Noto purchased 56,000 shares of the company at an average price of $17.88 -- equating to slightly more than $1 million in open market purchases. Since SoFi stock has plummeted 28% so far this year and is trading 35% below its prior highs in November, the timing of Noto's buy might appear interesting. In reality, smart investors knew it was...
In early March, SoFi Technologies (SOFI 1.74%) CEO Anthony Noto purchased 56,000 shares of the company at an average price of $17.88 -- equating to slightly more than $1 million in open market purchases. Since SoFi stock has plummeted 28% so far this year and is trading 35% below its prior highs in November, the timing of Noto's buy might appear interesting. In reality, smart investors knew it was coming (more on that later). Let's take a look at why Noto's recent purchase underscores consistent personal conviction in SoFi's long-term trajectory, and assess whether investors should double down right now amid unrelenting market volatility. Anthony Noto is buying the SoFi dip With geopolitical tensions, monetary policy outlooks, the midterm elections, and fears over an AI bubble, 2026 has been jam-packed with uncertainty. As a result, investors are rotating capital away from volatile growth stocks in favor of more durable opportunities. Considering how much selling pressure has plagued SoFi stock recently, I think it's safe to say that Noto sees the current moment as an opportunity to buy the dip. Expand NASDAQ : SOFI SoFi Technologies Today's Change ( -1.74 %) $ -0.34 Current Price $ 18.91 Key Data Points Market Cap $24B Day's Range $ 18.12 - $ 19.24 52wk Range $ 8.60 - $ 32.73 Volume 2.1M Avg Vol 57M Gross Margin 61.06 % Noto kept his word, which shouldn't be surprising In mid-February, Noto was interviewed by a YouTube podcaster called Future Investing. During the discussion, Noto was asked point-blank about whether or not he plans to buy SoFi stock anytime soon. The inspiration behind the question is that Noto has been an aggressive buyer of SoFi stock throughout his tenure leading the company. Perhaps to no one's surprise, Noto said that he thought SoFi stock was undervalued and that he did indeed want to continue buying more shares, as long as the timing of his purchases was in compliance with Securities law. What Noto's latest buy signals to investors While SoF...
Key Points It's common for employers to match 401(k) contributions. Giving up that match for even a single year could have major long-term consequences. The $23,760 Social Security bonus most retirees completely overlook › One of the best retirement savings tools available to workers today is none other than the 401(k). The nice thing about these accounts is that they come with generous contributi...
Key Points It's common for employers to match 401(k) contributions. Giving up that match for even a single year could have major long-term consequences. The $23,760 Social Security bonus most retirees completely overlook › One of the best retirement savings tools available to workers today is none other than the 401(k). The nice thing about these accounts is that they come with generous contribution limits and make funding a nest egg seamless. With a 401(k), you simply tell your employer what you want to contribute toward retirement each year, and that money gets pulled from your paycheck before you even get a chance to miss it. It's that simple. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Another huge perk of having a 401(k) plan is getting access to an employer match. But if you leave that match on the table, you might sorely regret it down the line. Don't pass up free money -- ever There's a reason many employers offer a matching 401(k) contribution as part of their benefits package. That free money for retirement can be a huge incentive to stick with the company, as opposed to job-hopping often. Now, there's no single formula for calculating a workplace match. Some companies offer their matches as a percentage of salary. Others offer a flat dollar amount. No matter what your 401(k) match looks like, it's important to try to claim it in full. That's because giving up that money for even a single year could leave you short on retirement savings down the line. Let's say you're 27 years old and are eligible for a $4,000 match in your 401(k). If money is tight, you may be inclined to skip retirement plan contributions that year and catch up the year after. That may not seem like an unreasonable thing to do. But giving up a free $4,000 could hurt you more than expected. Remember, the money in yo...
Virtual private network apps have skyrocketed up the app charts in Australia after a number of adult sites began blocking Australian users in compliance with new online safety codes in effect from Monday. VPN Super Unlimited Proxy moved from 40th in free iPhone apps in Australia on 2 March to 7th place as of Sunday, according to the most recent data from Sensor Tower. Proton VPN moved from 174th t...
Virtual private network apps have skyrocketed up the app charts in Australia after a number of adult sites began blocking Australian users in compliance with new online safety codes in effect from Monday. VPN Super Unlimited Proxy moved from 40th in free iPhone apps in Australia on 2 March to 7th place as of Sunday, according to the most recent data from Sensor Tower. Proton VPN moved from 174th to 19th, and NordVPN went from 189th to 13th. Sign up: AU Breaking News email VPN apps allow a user’s location to appear as somewhere other than where they reside, meaning users trying to access adult sites could use the apps to appear as being outside Australia, to gain access to the sites. On Friday, Guardian Australia reported Aylo-owned sites including RedTube, YouPorn, and Tube8 all had notices on their sites when visited from an Australian IP address, stating they are “not currently accepting new account registrations in your region”. As of Monday, the largest porn site in the world, Pornhub, which is also owned by Aylo, only displayed safe-for-work content on its home page for Australian users who had not logged in. From Monday, adult sites and a range of other services, including AI companion chatbots and app stores, are required to implement age verification for users attempting to access pornography, extremely violent material or self-harm content. The Australian online safety regulator has warned platforms that are not in compliance with the codes could face fines of up to $49.5m for each breach. The codes also extend to social media sites where adult content is allowed. On Elon Musk’s X, users in Australia reported on the weekend that they were being asked to verify their age each time they viewed a post on the social media platform containing adult content. The platform’s regulatory policies for Australia page states the age verification method used is similar to that which it uses for complying with Australia’s under-16s social media ban. That includes a mix of...