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Sources said KKR has proposed to acquire UGI, the Pennsylvania‑headquartered U.S. energy distributor, at $42.50 a share.

2026-08-18

Sources said KKR has proposed to acquire UGI, the Pennsylvania‑headquartered U.S. energy distributor, at $42.50 a share.

Other News
2026-08-18

NetEase (09999.HK) will report Q2 results Thursday. A FactSet survey of nine analysts forecasts reported net profit up 13% YoY to RMB 9.72 bln and adjusted net profit up 7.3% YoY to RMB 10.23 bln; revenue is seen +4.3% YoY to RMB 29.1 bln, supported

NetEase (09999.HK) will report Q2 results Thursday. A FactSet survey of nine analysts forecasts reported net profit up 13% YoY to RMB 9.72 bln and adjusted net profit up 7.3% YoY to RMB 10.23 bln; revenue is seen +4.3% YoY to RMB 29.1 bln, supported by evergreen titles including Fantasy Westward Journey and Eggy Party. Nomura warns NetEase’s holdings in Alibaba and Pinduoduo could widen investment losses and weigh on reported net profit. Nomura expects July release The Forgotten Sea could generate RMB 200–300 mln monthly gross revenue, potentially accelerating game revenue growth in H2. CITIGROUP tracking shows 57 games in the pipeline, 23 approved for domestic launch; any management update to the release schedule could be an additional stock catalyst.
2026-08-18

CHINA'S LI signed a State Council order promulgating amendments to the Housing Provident Fund Management Regulations, effective Sept 20, 2026. Amendments strengthen risk controls: the Ministry of Housing and Urban‑Rural Development will define public

CHINA'S LI signed a State Council order promulgating amendments to the Housing Provident Fund Management Regulations, effective Sept 20, 2026. Amendments strengthen risk controls: the Ministry of Housing and Urban‑Rural Development will define public credit information for the provident fund sector; provident fund management centers must build comprehensive, accurate credit records and integrate them into the national credit information sharing platform; the rules specify legal liabilities for fraudulent withdrawals or obtain provident funds loans using forged or fraudulent documents. The revisions expand coverage by clarifying that individual business owners, part‑time workers and other flexible‑employment workers may voluntarily contribute to the housing provider fund and, as prescribed, receive corresponding policy support.
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