China's Hopu teams up to take Perennial Real Estate private: report

Uploaded By:  Janine Ballesteros Submitted By:  Janine Ballesteros Case Study:  No It has secured undertakings from about 82% of Perennial’s shareholders. Chinese buyout firm Hopu is partnering with key shareholders of Singapore-listed real estate and healthcare firm Perennial Real Estate Holdings, including Wilmar International and its CEO, to take Perennial private in a deal that values it at $1.58b (US$1.13b), according to a report from Reuters. The consortium, which includes firms owned by entrepreneur Ron Sim and Perennial’s CEO, said that the offer comes at a time when the COVID-19 pandemic has roiled the global economy. read more