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June 9th - According to the Financial Times, Apollo Global Management and Blackstone Group have finalized a $35 billion private credit deal to fund Anthropics growth plans. This deal, spearheaded by these two private equity giants, is one of the largest private credit financings to date, as Wall Street banks and investment firms continue to pour money into the artificial intelligence boom. The funds will help Anthropic purchase chips developed by Alphabet. This deal highlights investors enormous enthusiasm for AI and their willingness to invest heavily in supporting the data center infrastructure and computing power needed by companies like Anthropic, OpenAI, and Meta. Neither Apollo nor Blackstone has commented on the matter.On Tuesday, June 9, the Hang Seng Index opened down 105.13 points, or 0.43%, at 24,551.93; the Hang Seng Tech Index opened down 12.39 points, or 0.26%, at 4,743.52; the H-share Index opened down 27.8 points, or 0.33%, at 8,313.56; and the Red Chip Index opened down 21.48 points, or 0.5%, at 4,313.91.Hong Kong stocks opened lower, with the Hang Seng Index down 0.43% and the Hang Seng Tech Index down 0.26%. AI applications, innovative drugs, chips, leading tech companies, and new energy vehicle companies were among the top gainers. Contron (01912.HK) resumed trading with a surge of over 110%, after receiving a mandatory cash offer from Zhuangyan-Investment-International.Hang Seng Index futures opened down 0.23% at 24,507 points, a discount of 150 points.June 9th - Shanghais car trade-in subsidy program has been adjusted to an instant lottery system. On the night of June 8th, the Shanghai Municipal Commission of Commerce issued an announcement regarding the adjustment of the lottery method for the 2026 Shanghai car trade-in subsidy program. The announcement states that from June 9th to September 30th, 2026, eligible individual consumers can register for the instant lottery through the "Government Services - Car Trade-in Subsidy Application" portal on the "Shanghai Commerce" WeChat official account from 7:00 AM to 10:00 PM daily.

Under pressure, Orpea recommends a board reorganization

Charlie Brooks

Jul 04, 2022 11:39


Sunday, the French corporation Orpea, which is under criticism for its business practices and the way it manages its residences, unveiled intentions to reform its board of directors in an attempt to boost corporate governance.


Orpea claimed that during its annual general meeting, shareholders will be invited to select five new independent directors for a four-year term. One of the four is Guillaume Pepy, the current chairman of Initiative France and a former chairman and CEO of the state-owned train business SNCF.


Orpea stated last month that an audit discovered indications of financial misconduct, but did not substantiate all of the company's charges. Last month, authorities also searched the offices of Orpea. Orpea shares are down about 70% so far in 2022.