French telecoms billionaire Xavier Niel has acquired a 16% stake in Vodafone for £4.4bn, becoming its largest shareholder. The stake was purchased from Emirati group e&, which sold its entire holding for 112.5p a share. Niel's investment vehicle, Vega, intends to be a long-term minority shareholder.
Tencent Holdings reduced its stake in Kuaishou Technology to 9.37% from 15.68%, causing Kuaishou's shares to drop over 6%. The divestment follows Tencent's lead in a $3 billion financing round for Kuaishou's AI unit, Kling AI.
Manipal Education and Medical Group and GLAS Trust, representing Byju's lenders, are in advanced settlement talks over Aakash Educational Services' shareholding. The discussions aim to resolve the division of Aakash's value, Byju's key asset, before a June 23 NCLT hearing.
Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa has emerged as the biggest landlord among Hong Kong ministers after declaring that she has 25 properties in her name in the city, mainland China and the UK. The 61-year-old constitutional affairs chief also revealed that she or her family held shareholdings of more than 1 per cent in eight private companies, including two food-ingredient firms, more than any other principal official has declared. Tse’s portfolio comprises 23...
KUALA LUMPUR: Malaysia appointed on Saturday a former high court judge as the country’s new anti-graft czar to replace its outgoing chief who was dogged by allegations of abuse of power and illegal shareholding. The appointment of Abdul Halim Aman comes as Prime Minister Anwar Ibrahim’s government faces increased scrutiny on promises made to tackle corruption in the Southeast Asian nation.
Explaining European qualification rules for English clubs, which currently offer eight places but could expand to ten depending on Premier League clubs' success in UEFA competitions. Manchester City, Arsenal, Manchester United, Aston Villa and Liverpool would currently qualify for the Champions League, with Brighton in the Europa League and Bournemouth in the Conference League.
