BNP may buy equities operations owned by Peregrine

Article Abstract:

Banque Nationale de Paris (BNP) Hong Kong head Didier Balme is expected to divulge all information about the bank's purchase of equities business of Peregrine Investment Holdings Ltd. by February 2, 1998. Mr. Balme already disclosed the bank's intentions of purchasing the investment bank's Hong Kong and Greater China equities business while Banco Santander of Spain also expressed interest in the deal. However, insiders believe that BNP has the advantage since executives of Peregrine in China seem to favor the French bank's bid.

Banking industry, Finance, Banque Nationale de Paris (Paris, France)

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Peregrine's fall cited as new sign of suspect feng shui

Article Abstract:

While financial experts in Hong Kong debate the causes of the collapse of investment banking firm Peregrine Investment Holdings Ltd., geomancers point to bad feng shui as the reason for the decline. Feng Shui is the ancient Chinese method of divination which harnesses the spiritual power of geographic locations and features. Feng shui experts say that the Lippo Center building, which housed Peregrine, has the 'worst feng shui', with C-shaped formations on each side which resemble ancient Chinese handcuffs and bring bad luck.

Commercial and Institutional Building Construction, Office Buildings, Nonresidential construction, not elsewhere classified, Social aspects, Analysis, Buildings and facilities, Office construction, Hong Kong, Feng-shui

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