In today’s briefing:
- Japan Weekly | Euglena, Kawasaki Heavy, Monotaro
- China Oceanwide Has Potential Buyer for $1.2 Billion LA Project
Japan Weekly | Euglena, Kawasaki Heavy, Monotaro
- Japanese stocks headed lower this weak on concerns about rising global interest rates and a looming recession
- Euglena, a small cap Japanese bio-tech, has found itself as a key part of the future for biofuels and SAF.
- Japanese Heavies are so diverse that they now fit into many thematic portfolios. KHI looks well placed in the hydrogen supply chain and carbon capture. Exciting times
China Oceanwide Has Potential Buyer for $1.2 Billion LA Project
- A Chinese developer of beleaguered projects across the U.S. has found a potential buyer for a stalled Los Angeles complex where it spent $1.2 billion before running out of money.
- China Oceanwide Holdings Ltd. said a “purchase and sale agreement is now under negotiation” between the company and the potential buyer, according to a filing in Hong Kong Friday.
- The company faces $220 million in lawsuit liabilities on the LA project, where a partially built three-tower hotel and residential complex has been in limbo for years
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