UAE’s Cambridge Medical owner hires advisory deNovo for potential sale

Dubai: The private equity owner of Cambridge Medical and Rehabilitation Center (CMRC), a long-term care business in the United Arab Emirates and Saudi Arabia, has hired corporate advisory firm deNovo for a potential sale of the company, three sources familiar with the matter said. TVM Capital Healthcare, a Dubai-based private equity business, is planning an […]

‘Made in Hong Kong’ brand suffers as US-China tensions deepen

Hong Kong: At the Koon Chun Sauce Factory workers are scrambling to cover hundreds of thousands of bottles with new “Made in China” labels as the popular Hong Kong brand falls victim to spiralling diplomatic tensions. Founded nearly a century ago, the family-owned factory has survived a world war, multiple economic crises and the slow […]