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Blog Video 19 August 2013
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Iskandar Developers Attractive With Weakening Ringgit

Iskandar Developers Attractive With Weakening Ringgit

Background * On 30 July Fitch Ratings Agency Downgraded Malaysia’s Outlook To Negative * Fitch reduced its credit outlook on Malaysia to negative from stable, saying in a statement that Malaysia’s public finances are its “key rating weakness.” The shrinking current-account surplus and $2.9 billion of sovereign debt maturity raises the risk of capital outflows, […]

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Blog Video 19 August 2013
BLUE PHOENIX FINANCIALS PREMIUM CONTENT Not a member? Join Now!
Wang Jianglin Of AMC Entertainment Is China’s Richest Man

Wang Jianglin Of AMC Entertainment Is China’s Richest Man

* Wang Jianlin, owner of China’s biggest commercial land developer, is the nation’s wealthiest person, based on regulatory filings that show his non-real estate businesses are more valuable than previously calculated * The chairman of closely held conglomerate Dalian Wanda Group, which became the world’s largest movie theater chain after acquiring AMC Entertainment Holdings Inc. […]

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Blog Video 18 August 2013
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L’Oreal to Buy China’s Magic Holdings for $843 Million

L’Oreal to Buy China’s Magic Holdings for $843 Million

http://www.youtube.com/watch?v=AJ3JbLW-xPE&feature=c4-overview-vl&list=PLscl_Jz2ViLHLklL4872_rrAACkn70oIH

* L’Oreal SA, the world’s largest cosmetics maker, agreed to buy China’s Magic Holdings International Ltd. for HK$6.54 billion ($843 million) to expand in a market where sales growth is outpacing that of the company. * L’Oreal will pay HK$6.30 a share in cash for Magic, 25 percent more than the last traded price of […]

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