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HK Jockey Club Mulling to Unload USD1B in US Assets: Report
Given that trade tensions have escalated since US President Donald Trump took office, the Hong Kong Jockey Club is planning to sell up to USD1 billion in investments, mainly divest...
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HK Jockey Club Mulling to Unload USD1B in US Assets: Report
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Given that trade tensions have escalated since US President Donald Trump took office, the Hong Kong Jockey Club is planning to sell up to USD1 billion in investments, mainly divesting its US assets, Bloomberg reported, citing sources. These investments are currently held by Blackstone Group (BX.US)      , TA Associates Management, Warburg Pincus, and Clayton Dubilier & Rice.

It is understood that the Hong Kong Jockey Club's assets, including a USD700 million investment portfolio, are being sold through different channels, which is quite unusual for a large-scale asset sold on the secondary market.

Related NewsAPI Crude Oil Stock Change for Jul/04 in United States is 7.1M, higher than the previous value of 0.680M. The forecast was -2.8M.
Meanwhile, private equity firms holding the Hong Kong Jockey Club's assets began the sale process in 1Q25. In April, some buyers started to review the transactions, among them Jefferies was leading one of the transactions.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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