Asia’s Family-Owned Firm Founders Seek Private Equity Exit

Benz Seo

(Bloomberg) — Dealmakers across Asia are busy fielding calls from company founders who are mulling letting go of their life’s work as the Covid-19 pandemic has upended how global business is done.

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After riding the region’s rise over the past decades, family firms that dominate the economic landscape are now also looking for bigger partners, help to modernize management teams and in succession planning, according to consultants, bankers and private equity firms.

“We’ve seen founders, particularly the older entrepreneurs, saying there are more challenges in the world now and that they’re thinking about succession issues and management issues,”

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UPDATE 9-Championship Summaries

Benz Seo

Feb 3 (OPTA) – Summaries for the Championship on Tuesday (start times are BST) Millwall (0) 0 Yellow card: Kieftenbeld 87 Subs used: Romeo 78 (McNamara), Bennett 78 (Woods), Ferguson 78 (Thompson), Smith 83 (Zohorè) Norwich City (0) 0 Yellow card: McLean 82, Aarons 89 Subs used: Dowell 75 (Vrančić), Hernández 80 (Płacheta), McLean 80 (Rupp), Idah 89 (Cantwell) Referee: Steve Martin ……………………………………………………….. AFC Bournemouth (0) 1 Scorers: J. Stanislas 66pen Yellow card: Rodrigo Riquelme 97 Subs used: Surridge 46 (Solanke), Smith 46 (Stacey), Lerma 46 (Wilshere), Rodrigo Riquelme 87 (Stanislas) Sheffield Wednesday (1) 2 Scorers: C. Paterson 44, J.

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Two Mass. women arrested in $100 million home health care scam, federal prosecutors say

Benz Seo

Two Massachusetts women were arrested Sunday on federal charges alleging their involvement in a $100 million home health care fraud scheme in which vulnerable patients were used in a plot to bill for services that were never performed, among other criminal actions, prosecutors said Monday.

In a statement, US Attorney Andrew E. Lelling’s office identified the defendants as Faith Newton, 52, of Westford, and Winnie Waruru, 41, of Lowell, and said the alleged scheme allowed Newton to purchase items including a Maserati and several homes, which the government is moving to seize in a separate civil action.

Raymond Sayeg, an

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Hong Kong expects to earn $4.5 billion from trading fees this financial year

Benz Seo

FILE PHOTO: A Stock Exchange of Hong Kong (HKEX) sign is seen at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang

HONG KONG (Reuters) – The Hong Kong government estimates it will earn HK$35 billion ($4.52 billion) in revenue in the current financial year from the 0.1% ‘stamp duty’ charged on stock transactions as a result of high trading volumes, a minister told lawmakers.

The HK$33.23 billion earned from the levy in the 2019-2020 financial year ended March 31, 2020, accounted for about 5% of government revenue, Christopher Hui, Hong

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Britain to regulate buy-now pay-later credit after lockdown surge

Benz Seo

LONDON (Reuters) – Britain will introduce rules for buy-now pay-later (BNPL) credit after the unregulated market spiked as consumers struggled during coronavirus pandemic lockdowns, the UK’s finance ministry said on Tuesday.

BNPL, particularly popular with young people shopping for clothes, is offered by companies such as Clearpay, which is owned by Australia’s Afterpay Ltd, Klarna, LayBuy, Openpay and Paypal.

It is quick to obtain such interest-free short-term loans that spread the payment for retail goods.

“By stepping in and regulating, we’re making sure people are treated fairly and only offered agreements they can afford – the same protections you’d expect

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Santander Takes $1.4 Billion Profit Hit on Spain Job Cuts

Benz Seo

(Bloomberg) — Banco Santander SA took a 1.15 billion-euro ($1.4 billion) charge in the fourth quarter as the bank booked costs for job cuts and branch closures to counter persistently weak revenue from lending in Europe.



a sign in front of a sunset: The headquarters of Banco Santander SA stands in Boadilla del Monte, outside Madrid, Spain, on Friday, July 24, 2020. Banks in Italy and Spain, among the most exposed to swings in European sovereign bonds, don’t plan to make use of capital relief intended to soften the impact of potential losses from such debt.


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The headquarters of Banco Santander SA stands in Boadilla del Monte, outside Madrid, Spain, on Friday, July 24, 2020. Banks in Italy and Spain, among the most exposed to swings in European sovereign bonds, don’t plan to make use of capital relief intended to soften the impact of potential losses from such debt.

Fourth-quarter net income fell to 277 million euros, Spain’s

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