March 11, 2020 / 10:11 AM / 20 days ago

Developer SOHO China in talks with overseas investors for potential takeover

March 11 (Reuters) - Office developer SOHO China Ltd on Wednesday said it was in talks with overseas financial investors to explore a strategic partnership that could lead to a takeover offer, but did not specify who the investors were.

On Tuesday, Reuters reported that U.S. private equity firm Blackstone Group Inc was in exclusive talks to take SOHO China private in a $4 billion deal, according to two sources.

The discussions “may or may not lead to a general offer for the issued share capital of the company,” Hong Kong-listed SOHO China said in a statement. (Reporting by Rashmi Ashok in Bengaluru, editing by Louise Heavens)

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