The private investment company of Hong Kong’s billionaire Cheng family, Chow Tai Fook Enterprises, proposed on Tuesday a buyout of up to HK$35.5 billion ($4.5 billion) for NWS Holdings, the infrastructure arm of the family’s property giant New World Development.
Some of the Private Sector Advisory Council's recommendations include the swift privatization of NAIA, a VAT refund for foreign tourists, and a PPP deal for the national ID system
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Not only did CTFE and NWS keep aircraft leasing firm Goshawk alive through the pandemic – a difficult time for air travel – the partners went on to sell it to SMBC Aviation Capital for $6.7 billion.