BEIJING/SHANGHAI: China's indebted HNA Group met bankers on Tuesday to tout the latest assets that the sprawling conglomerate is putting on the block as it looks to raise funds and stave off an intensifying cash crunch.The range of assets, spanning a hotel project in frozen Harbin and stakes in struggling online lender Dianrong, insurer Bohai Life and brokerage HNA Futures, underscores how the group is shedding almost all non-core businesses as it pares back an empire that once spread from Deutsche Bank to Hilton Worldwide.The finance-to-aviation group has been ramping up asset sales over the past year. However the possible sale of many on the list of at least 20 assets presented to bankers and seen by Reuters has not been previously reported.HNA did not respond to requests for comment.The embattled group is more than a year into the process of unwinding a US$50 billion acquisition spree that at its peak netted the company stakes in banks, fund managers, hotels, property and airlines, … [Read more...] about China’s HNA touts assets for sale as funding crunch intensifies
Company leads for sale
By Stuart Leavenworth McClatchy Washington Bureau Sun., June 3, 2018 LEHI, UTAH—It markets its DNA kits with promises that tug at the heartstrings: Discover ancestors. Strengthen family ties. Understand your life. Aided by venture capital and a flood of savvy marketing, Ancestry LLC has grown to become the world’s largest DNA testing conglomerate. Since 2012, it has lured more than 5 million people to spit into tubes and add their genetic code to the world’s largest private database of DNA. It has also banked away the world’s largest collection of human spittle, numbering in the hundreds of gallons. In the age of Facebook and Google, consumers seem comfortable surrendering their personal information to corporations that aggregate it and monetize it. But Ancestry and other DNA testing companies have added an audacious tweak: Consumers are now paying to hand over their genetic code, their most sensitive individual identifier, to companies that … [Read more...] about DNA for sale: Ancestry wants your spit, your DNA and your trust. Should you give it to them?
By Tess Kalinowski Real Estate Reporter Sun., May 27, 2018 There’s something slightly irregular about the plaque advertising the provenance of 205 Trafalgar Rd. Similarly discreet white placards adorn other historic homes in old Oakville, with the names and professions of the original residents of those properties. The one at 205 advertises the two-storey red brick as the Robert Farley Apothecary, dated 1857. But on the shingle beside the old doctor’s entrance to the left of the front porch, the word “apothecary” appears to have been cut from a separate piece of wood and inserted into the sign. Amanda Bramall remembers when her parents — the most recent occupants of the home — discovered that the plaque had been misspelled as, “apothocary.” Rather than waiting months for the town to replace it, they made the correction. Art conservator June Bramall and former Oakville and Bronte Harbourmaster Gurth Bramall, … [Read more...] about Historic Oakville home for sale after 64 years
China DigestEconomics and Policy from China's Newspapers Tech arm for HNA Group says it has no plans to sell subsidiary Ingram Micro, one of the world's leading IT distributors By Asia Times staff May 24, 2018 5:29 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 HNA Tech, a technology arm of HNA Group, said it has no plan or intention to sell its subsidiary, Ingram Micro, contradicting rumours and a media report the company is looking for a buyer, The Paper reported. The company said it noticed that Reuters and other media have reported that it plans to sell its IT distributor subsidiary, saying that HNA Group is seeking buyers for Ingram Micro, which includes China Huarong Asset Management. The company reiterated that it has full of confidence in the prospect of Ingram Micro’s continued rapid development. Furthermore, after completing the acquisition of 100% equity in Ingram Micro in 2016, the subsidiary has become a major strategic investment project … [Read more...] about Ingram Micro not for sale: HNA Tech
We're living in a world where nothing is free. While some argue that "love is something that you can never monetize", through this film, Andi Bachtiar Yusuf manages to mesmerize Indonesian moviegoers to contemplate this simple, yet thought-provoking question: Can we put a price tag on love? Richard A. Widjaja (Gading Marten) is a 41-year-old single man living with only his tortoise and spending most of his time either by staying home alone or watching soccer in a café. When one of his friends is about to get married, he is challenged to prove himself by bringing along a date to the wedding reception. Desperate, he decides to reach out to Love Incorporated, an online platform which promises love, to find a date — for a price, of course. It turns out that the date does not end that night, as he must stay with the girl, Arini Kusuma (Dela Dartyan) for 45 days. In their numbered days, Richard must open up to someone else and build a connection he had always avoided before. … [Read more...] about ‘Love for Sale’: Putting a price tag on human connection