Asia-focused Hillhouse has been in discussions with SOHO China over the past few months, said the people. Shares of SOHO China soared more than 40 percent in afternoon trade on Friday after Reuters reported the take-private talks. Hillhouse is also considering assuming about 18 billion yuan (HK$21 billion) of SOHO China loans as part of its leveraged buyout, said one of the people. The SOHO China talks are at an early stage and subject to change, said the sources who declined to be identified due to confidentiality constraints. SOHO China didn’t immediately respond to a request for comment.

Source: The Standard November 13, 2020 06:33 UTC