People
Cheah Cheng Hye plans to exit the HK-based firm as soon as Jan.
Sinar Mas Land’s Living Lab Ventures eyes investments in universities, hospitals
MBK Partners, Young Poong launch $1.5b tender offer for Korea Zinc shares
OpenAI launches new series of AI models with ‘reasoning’ abilities
Blackstone mulls selling stake in visa firm VFS Global
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The job cuts are part of a planned overhaul launched to boost profit, sources said.
Deals
The acquisition is subject to approval from Indonesia's OJK and the Monetary Authority of Singapore.
Private Equity
CICC Capital has closed a new blind-pool equity investment fund at 4.2b yuan ($579.2m).
The termination of talks with Value Partners comes at a time when HNA's $50 billion worth of deal-making has sparked intense scrutiny.
The parties aim to reach a deal within the next few weeks.
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