NASDAQ-listed Chinese private medical service provider iKang Healthcare Group, Inc. has received a non-binding take-private proposal from the company's founder and China-focused private equity firm FountainVest Partners sixteen months after its U.S. float, according to a company announcement. Zhang Ligang, iKang's founder and chief executive officer, as well as FountainVest propose to acquire all of […]

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Baring Private Equity Asia has acquired a 40% stake in U.K.-based manufacturer of cereals and cereal bars, Weetabix Food Company, to help the company expand in China, according to a company announcement. Deal price and other details are not disclosed. Baring Asia says it will work together with Bright Food, the controlling shareholder of Weetabix, […]

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Customs officers arrested a truck driver at Lok Ma Chau control point today after finding illicit cigarettes worth $7 million hidden in his vehicle.

The incoming truck was declared to be carrying 212 boxes of plastic parts, but officers found 210 boxes containing 2.6 million cigarettes with a duty potential of $5 million.

The cigarettes were mix-loaded with other goods.

Officers have impounded the truck.

Secretary for Security TK Lai will leave for Beijing today.

Mr Lai will pay a courtesy call on the Ministry of Public Security in Beijing.

He will also attend events to commemorate the 70th anniversary of victory of Chinese people's resistance against Japanese aggression.

Mr Lai will return to Hong Kong on September 4.

Secretary for Security TK Lai will leave for Beijing today.

Mr Lai will pay a courtesy call on the Ministry of Public Security in Beijing.

He will also attend events to commemorate the 70th anniversary of victory of Chinese people's resistance against Japanese aggression.

Mr Lai will return to Hong Kong on September 4.

Shanghai-based YooZoo Pictures, Bliss Media, and Creative Artists Agency have formed YooZoo Bliss Film Fund, a US$100 million fund seeking to back Chinese and global film productions, according to Chinese media reports. YooZoo Pictures is co-founded in 2014 by Lin Qi, who is the founder of Youzu Interactive, an online gaming company listed in Shenzhen. […]

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Shanghai-based digital media and display advertising firm Focus Media Holdings Limited has terminated a planned back door listing via a reverse merger with Shenzhen-listed Jiangsu Hongda New Material Co., Ltd., according to a securities filing. At the same time, Shenzhen-listed computers and accessories maker Hedy Holding Co., Ltd. says it has agreed to a reverse […]

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China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, fell to 49.7 in August from 50.0 in July. The index dropped below the benchmark level of 50 for the first time since February this year. The Caixin flash PMI, representing a group of small and medium private enterprises, also fell to […]

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