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June 2021 112 International Holding Company s (IHC) subsidiary Alpha Dhabi Holding has acquired further assets from privately-owned company Murban, including the sought-after Cheval Blanc Randheli resort in the Maldives and Etihad International Hospitality, a facility management company.
This brings the value of assets acquired by Alpha Dhabi from Murban to AED2.5 billion ($680 million), following a previously announced AED1.7 billion transaction, which saw Alpha Dhabi assume ownership of assets including St Regis at Saadiyat, Al Wathba Luxury Collection Desert Resorts and the Le Noir Café brand.
Opened in 2013, Cheval Blanc Randheli was Louis Vuitton Moët Hennessy’s second hotel venture after establishing the renowned Cheval Blanc Courchevel in France. ....
Taiwan approves Taishin s purchase of Prudential s Taiwan unit Toggle share menu Advertisement 01 Jun 2021 04:35PM Share this content Bookmark TAIPEI: Taiwan said on Tuesday it had approved Taishin Financial Holding Co Ltd s purchase of Prudential Financial Inc s Taiwan unit, which it agreed to buy last year for TUS$5.5 billion (US$199.41 million). Taiwan s Financial Supervisory Commission said it had granted the approval on Monday. The U.S. insurer is exiting some Asian markets and in April last year sold its South Korean unit to KB Financial Group Inc for US$1.89 billion. Advertisement ....
ISLAMABAD: The Challenge Fashion Group, a Chinese company on Wednesday vowed to expand its business under the China-Pakistan Economic Corridor in Pakistan which would create over 20,000 jobs for. ....
Former Sars boss Tom Moyane denied during state capture commission testimony that he had sponsored and fuelled the 'rogue unit' narrative to deal with his opponents - but says this was used to disband the tax authority's Exco. ....