(Bloomberg) -- Malaysian tycoon Vincent Tan is considering taking Kuala Lumpur-listed Berjaya Food Bhd. private, according to people with knowledge of the...
-- Malaysian tycoon Vincent Tan is considering taking Kuala Lumpur-listed Berjaya Food Bhd. private, according to people with knowledge of the matter.Tan is in talks with banks about financing for a potential buyout deal for Berjaya Food , which owns 100% of Starbucks Corp.’s Malaysian operations, said the people, asking not to be named as the matter is private. Berjaya Food ’s stock, which had lost more than a quarter of its value in the past year, jumped as much as 6.
-- Donald Trump’s social-media company just became the most valuable publicly traded client of an accounting firm that has more experience auditing companies traded over-the-counter and has had a string of regulatory issues, including a 100% deficiency rate on audits reviewed by a US watchdog.
In a step towards freer cross-border data flows and to address the concerns of foreign businesses, Shanghai inaugurated a major data flow service centre in the Lingang free-trade zone on Sunday, with pledges to adopt internationally recognised standards.
Strong sales of smartphone vendor Xiaomi's first electric car have exacerbated a price war in the sector that is squeezing the profit margins of most players in China. The SU7, with a driving range of 700 kilometres, has locked in more than 40,000 orders since it went on sale on March 28. Xiaomi's CEO Lei Jun admitted at the launch ceremony that the company was selling the cars at a loss based on current prices.
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