Posted inBeijing, China, Hong Kong, World

Tung Chee-hwa secures a ‘Godfather’ deal from Beijing

How can you ask your trusted lieutenant to give up his family business? Easy. Just do it the Godfather way – make him an offer he can’t refuse. That appears to be the case with the HK$49.2 billion (US$6.3 billion) blockbuster merger between Chinese state-owned Cosco Shipping and  Orient Overseas (International) Ltd (OOIL), owned by the family […]