Corporate Bits | Travel weekly china awards Sheraton

Sheraton Grand Macao Hotel, Cotai Central received the Best Leisure Hotel of the Year in Hong Kong and Macau award, for the second consecutive year, at the 2016 China Travel & Meetings Industry Awards event hosted by Travel Weekly China.
According to Sheraton, China has always been one of its most important markets. It promises to continually develop its varied service and product offerings in 2016 through the introduction of “new experiences for children and families.”
Sheraton Grand Macao Hotel recently unveiled 80 new suites on the uppermost levels of the hotel, adding to its selection of room categories. There are now more than 350 suites in the 4,001-room property, according to the hotel.

bayer seen paying upward of usd63b to acquire monsanto

Now that Bayer AG’s bid for seed giant Monsanto Co. is out of the bag, attention has turned to how much the German company will need to pay. The value of the transaction could top USD63 billion, according to some analysts tracking the situation.
So far, neither side has disclosed the terms or structure of the deal. That’s triggered speculation over how Bayer will finance what would be the largest ever takeover by a German company.
Concern about how Bayer might finance a deal sent its stock plunging the most in seven years on Thursday after the Leverkusen-based drugmaker confirmed its interest in Monsanto. Bayer risks losing its investment-grade rating because of the potential merger, according to Carol Levenson, director of research at Gimme Credit. The deal could put Bayer’s ability to grow its other, non-agricultural businesses in jeopardy.
“Bayer’s pharma business is in excellent health today, but the clock is ticking regarding rebuilding its pipeline,” Berenberg’s Campbell said. “Will a stretched deal to acquire Monsanto impair its ability to supplement the pharma pipeline from external sources? We think that’s a real risk.”

east city property limited opens

East City Property Limited, a new joint venture project put together by Macau and British investors, held its opening ceremony on Saturday, which was attended by the company’s managing director Ada Lam Man Tong and director Juliet Risdon.
According to Lam, the rapid economic development of Macau in recent years has made her optimistic about the company’s prospects, and has propelled her commitment to the project in providing sales, rentals and other property-related services.
In order to meet market demands, East City also has a design team to offer personalized interior services for clients, states a press release from the firm.