Adrian Cheng lists C Capital unit on the Swiss bourse with US$700 million of assets

Quick Summary:

Cheng will sell his unit C Capital to Youngtimers, a special situation investment firm that has been listed since 2000 on the SIX exchange.

Cheng is no stranger to so-called blank cheque companies, also called special purpose acquisition companies (Spacs).

The company said last month that it had repaid HK$35 billion (US$4.5 billion) in “low-interest and long-tenure” loans and debt since January.

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Article Details

Author / Journalist: Mia Castagnone

Category: Business

Markets: Hong KongChinaJapanLuxembourgTaiwan

Topics: Firm Kong’s Kong According Executive Exchange Company World Capital Hong Cheng

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 18:00:30 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21626240

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