The following corporate finance-related stories were reported by media on Friday: * Hong Kong's Chow Tai Fook Jewellery has obtained approval for its listing from the Hong Kong stock exchange and is expected to start pre-marketing as early as Monday, Hong Kong Economic Journal reported on Friday, citing market sources.* Philippine conglomerate San Miguel Corp's power unit has formally deferred its planned $850 million initial public offering originally scheduled to be launched before the end of this year, a local newspaper reported on Friday.* India's Reliance Communications is in exclusive talks with private equity firms Blackstone Group LP and Carlyle Group to sell its telecoms tower unit, the Times of India reported on Friday, citing an unnamed source.
The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 2.26% or $0.3/share to $13.59. In the past year, the shares have traded as low as $10.51 and as high as $19.63. On average, 4293560 shares of BX exchange hands on a given day and today's volume is recorded at 2556845.
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