Coronavirus forces delay of trade fairs, conferences

first_img* China Iron Ore 2020, Feb. 25-27: The event held by Fastmarkets in Beijing has been postponed to June 30–July 2.* East China Import and Export Commodity Fair), March 1-4:Due to be held in Shanghai, the fair usually attracts traders of garments and household goods. It was postponed until further notice.* POC2020, March 2-4: Bursa Malaysia Derivatives has postponed the Palm and Lauric Oils Price Outlook Conference & Exhibition 2020 to June 22-24, on health concerns.* Marine Money China, March 3-4: Originally slated to be held in Shanghai, organizers of the meeting for shipping financiers have said that it has been delayed, likely until November.* Food & Hotel Asia in Singapore, March 3-6: Organizers of the biennial trade show have postponed its first leg to July. The event attracted more than 80,000 attendees when it was last held in 2018.* National People’s Congress, likely to have started March 5: China is considering delaying the annual meeting of its top legislative body, five people familiar with the matter told Reuters.* 6th China LNG & Gas International Exhibition and Summit, Shanghai, March 4-6: Organizers said the event has been postponed until a later date this year. They are in the process of confirming the new date.* Asian Ferroalloys, March 16-18: The conference by Fastmarkets, due to be held in Shanghai, has been postponed with no new date given.* Art Basel Hong Kong show, March 19-21: The high-profile annual show has been cancelled.* SEMICON/FPD China 2020, March 18-30: The annual trade conference for the global chip industry in China was postponed until further notice.* China Development Forum, usually late March: Hosted by a foundation under the State Council, the conference was postponed until further notice.* Canton Fair, spring season from April 15: The venue of China’s oldest and biggest trade fair said it has suspended exhibitions until further notice.* Asian Business Aviation Conference & Exhibition, April 21-23: The show’s organizers, the National Business Aviation Association, said they would cancel this year’s show in Shanghai given health concerns and other challenges its participants faced. Over two dozen large trade fairs and industry conferences in China and overseas have been postponed due to travel curbs and concerns about the spread of a coronavirus, potentially disrupting billions of dollars worth of deals.In order of scheduled or likely dates:* Taipei International Book Exhibition, Feb. 4-9 – Billed as Taiwan’s largest annual literary event, the exhibition has been postponed to May 7-12. Topics :center_img * League of Legends Pro League, due to start Feb. 5: The e-sports league owned by gaming giant Tencent Holdings said it would postpone the start of its second week until further notice.* Singapore Airshow, Feb 11-16: The aviation leadership summit scheduled on the eve of the event was cancelled. The show itself will go ahead as planned, but on a smaller scale* China Commodity Markets Insight Forum 2020, Feb 19-20: The forum held by S&P Global Platts was delayed until further notice.* National Association of Travel Agents Singapore (NATAS) travel fair 2020, Feb 21-23: Moved to May because exhibitors were concerned about turnout at the fair.last_img read more

F&C subject to £700m buyout from Canadian bank

first_imgHe added: “F&C and BMO both take pride in having built distinctive and engaging brands – grounded in a long history of trust – and we share a deeply held conviction in working in the best interests of our clients.”Richard Wilson, Downe’s counterpart at F&C, said changes implemented in recent years put the cpmpany in a good position to develop.“Looking forward, BMO represents a unique opportunity to broaden and accelerate our ambitions,” he said.“The products, geographic presence and cultures of both organisations are truly complementary, and, with BMO’s commitment to growth, this is clearly a very positive outcome for both our clients and employees. We look forward to joining the BMO organisation.”At the end of 2013, F&C reported assets under management (AUM) of £82bn, down from £95bn just 12 months’ prior.At the time, more than 80% of its AUM stemmed from European institutional clients, according to IPE’s Top 400 Asset Managers 2013. F&C Asset Management is set for a £700m (€845m) acquisition by the asset management arm of Canada’s Bank of Montreal in a deal that values the company at a nearly 30% premium over its pre-deal stock price.BMO Financial Group, both the bank and BMO Global Asset Management’s parent company, announced today that it would offer F&C shareholders 120 pence per share, significantly up from its 93.8 pence price at the end of last week and resulting in a £708m offer.The Canadian group said F&C’s board would unanimously recommend shareholders accept the deal, with the acquisition set to close in May, subject to regulatory approval.Bill Downe, CFO at BMO, praised F&C’s “established pedigree” in fixed income, equity and property investments.last_img read more