Business

Blackstone Drops $3 Billion Property Deal With Chinese Power Couple

Shares in Chinese language commercial-property developer Soho China Ltd. tumbled 35% Monday, after Blackstone Inc. deserted a $3.3 billion takeover within the face of an unexpectedly lengthy regulatory evaluate.

Soho China is managed by two high-profile entrepreneurs, Pan Shiyi and his spouse Zhang Xin, and the deal’s collapse marks the most recent setback for the nation’s embattled enterprise leaders.

https://www.wsj.com/articles/blackstone-drops-3-billion-property-deal-with-chinese-power-couple-11631533249?mod=rss_markets_main | Blackstone Drops $3 Billion Property Deal With Chinese language Energy Couple

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