Blackstone to buy out office developer SOHO China in $3-billion deal


Blackstone Group Inc will take control of SOHO China Ltd in a HK$23.7 billion ($3.05 billion) deal and maintain its stock market listing, the Chinese office developer said in a filing on Wednesday, while the founders will retain a 9% stake. The U.S.

private equity firm will offer HK$5 per share, 31.6% higher than the last closing price of HK$3.8 on Friday, in what would be its largest real estate deal in China. SOHO China's shares jumped as much as 25.8% to HK$4.78 early on Thursday, as they resumed trading after being suspended.....

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