Blackstone, China, property

Blackstone to buy Hong Kong’s Tysan for $322.6 million

US group has offered to buy Hong Kong-listed construction and property firm Tysan Holdings for HK$2.5 billion ($322.6 million) in cash.

Stephen Schwarzman, Blackstone’s chairman and chief executive, said China’s economic slowdown was creating opportunities to invest.

Alison Tudor-Ackroyd

August 19, 2013

Blackstone Group, the world’s largest private equity firm, is set to buy property and construction group Tysan Holdings for HK$2.5 billion ($322.6 million), according to a stock exchange filing.

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