Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Morgan Stanley Look To Chinese Tourism
July 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
The property arm of US investment bank Morgan Stanley has paid US$770mn for a 30% stake in a resort development in Lingshui, an up-and-coming tourist destination in China. As they look to benefit from the growing tourism boom in China's southernmost province, Morgan Stanley will be moving into a region identified as a key growth area by the Chinese Government.