But seeing that Chen Hui was still shaking his head and smiling, Wang Xiaoxiao asked unwillingly: "Mr. Chen, do you plan to list Blackshirt Capital in the future?" Under normal circumstances, if Blackshirt Capital is listed, all financial information will be open and transparent, and once it is listed, she believes that the development of Blackshirt Capital will be accelerated.

Chen Hui smiled faintly, shook his head, and said, "Ms. Wang, this topic is over, I don't plan to let the Black Shirt Capital go public, I think we should talk about something else!" He will not let Blackshirt Capital go public, except for the financial information of the asset management department, the other two departments, the trading department and the venture capital department, will not disclose any information at all, and do not know how much money these two departments have invested or earned in a quarter.

Wang Xiaoxiao smiled awkwardly and said, "Okay, Mr. Chen, we can talk about something else!"

At this time, Chen Hui smiled slightly and said, "Ms. Wang, I want to buy the shares of one of your BlackRock Singapore trust companies!"

Wang Xiaoxiao was stunned for a moment, and said after a while: "Mr. Chen, are you talking about the Ascendas Hotel Trust?" Recently, they BlackRock Group plans to sell the Ascendas Hotel Trust to the French Accor Hotel Group!

Ascendas Hospitality Trust has 11 hotels with over 4,100 hotel rooms. The hotels are located in Australia, Dongying, Singapore, and buildings, and the main assets are located in Australia. Its assets include Novotel Sydney Central, ibis Kyoto Sanyuan and Park Harbour View Singapore. As of the end of March last year, the total value of the trust's asset portfolio in Asia was about 1.338 billion yuan (about 210 million US dollars), and the total asset size was about 5 billion US dollars!

Chen Hui nodded and said, "Yes, it's the Tengfei Hotel Trust that you plan to sell to the French Accor Hotel Group!"

Ascendas Hospitality Trust went public in 2012 and currently has a market capitalisation of S$700 million (US$520 million). In addition to managing listed real estate funds, it also manages a number of private real estate funds in Asia, with assets spanning commercial and industrial real estate projects.

According to data from the Singapore Exchange, Ascendas Hospitality Trust's total return was 17.5% last year compared to 35 Singapore REITs with an average total return of -1.9%.

It is the only hotel among the six Singapore-listed hotel trusts to trade at more than book value, according to Thomson Reuters. The trust is currently trading at 1.1 times its book value, compared to the average price of a hotel services trust in Singapore at 0.83.

In addition to the fund's own good book returns, according to Colliers, the fall in the Australian dollar exchange rate and record tourist arrivals have boosted international investors' interest in Singapore's hotel assets.

In the quarter ended Sept. 30, 56 percent of the company's real estate net profit came from the Australian market, followed by Singapore, which accounted for 16 percent of its total net profit, according to a Ascendas Hospitality filing.

Therefore, Ascendas Hotel Trust attracted the interest of buyers, and according to the return of Chen Hui's subordinates, the French Accor Hotel Group intends to invest 580 million US dollars to buy Ascendas Hotel Trust from BlackRock Group!

This is the highest price of all buyers!!

Wang Xiaoxiao hesitated for a moment and said, "Mr. Chen, the French Accor Hotel Group has already fired us a high price of 580 million US dollars, and we are planning to sign a contract with them!"

Chen Hui smiled faintly and said, "I'll give you a price of 600 million US dollars!"

AccorHotels is one of Caesars' biggest competitors in Asia!

Gotta grab it!

Today, the scale of Standard Chartered Trust Company is not large, and the asset scale is only more than 10 billion US dollars, which is spun off from the trust department of the previous Standard Chartered Bank!

Standard Chartered Group's assets are as high as 1.12 trillion US dollars, Standard Chartered Bank occupies 1.02 trillion US dollars, Standard Chartered Investment Bank occupies 30 billion US dollars, Standard Chartered Insurance Company occupies 40 billion US dollars, and the remaining 15 billion US dollars of assets are distributed among other group companies!

Although the market value of Standard Chartered Group is only more than 92 billion US dollars, the net value of Standard Chartered Group is now as high as 100 billion US dollars!

Wang Xiaoxiao suddenly gasped, but he didn't expect the chairman of Standard Chartered Group to increase the price by 20 million US dollars in one bite, which was much more than Paul Dublü, the vice president of Southeast Asia of the French Accor Hotel Group.

After thinking about it, she suddenly said, "Mr. Chen, wait a while, I'll call!"

Chen Hui smiled slightly: "Yes!", according to him, Paul Dublü, the vice president of Southeast Asia of the French Accor Hotel Group, has been doing it recently.

Last time on Banyan Tree Hotel Group, I was disgraced, and this time I came out again, and I want to do something big!

··

After a while, Wang Xiaoxiao said: "Mr. Chen, 600 million US dollars, we will make a deal!"

Chen Hui said: "Then make a deal!!"

··

·· Soon, Standard Chartered Trust, a subsidiary of Standard Chartered Group, held a press conference: it announced the acquisition of Ascendas Hotel Trust from BlackRock Group for $600 million!

At this moment, the asset scale of Standard Chartered Trust Company, a subsidiary of Standard Chartered Group, has increased again, to 20 billion US dollars!

··

Shocked the Singapore hotel, trust industry!!

That's a lot of money!

"Standard Chartered Group has gone out of the air to repel the French Accor Hotel Group!"

"Standard Chartered's sky-high price of $600 million scares off the French Accor hotel group!"

"France's Accor Group has been thwarted!"

"Standard Chartered Group has won the Ascendas Hotel Trust from the French Accor Hotel Group at a sky-high price of 600 million US dollars!"

"Standard Chartered Trust Company, a subsidiary of Standard Chartered Group, crushed the French Accor Hotel Group!"

"The sky-high price of 600 million US dollars has completely dumbfounded the French Accor Hotel Group!"

At this moment, Paul Dublü of the Accor Hotel Group branch in Singapore looked at this news with a gloomy face.

He slammed the table and scolded, "Hateful !!"

This time, he obtained the highest authority to buy Ascendas Hotel Trust in the hands of the Ryder Group for $580 million!

He has beaten many bidders, but he has been killed by Standard Chartered Group!

Disrupted the strategic layout of his original Southeast Asia hotel again!!

"Bastard!!"

As Vice President of Accor Hotels South East Asia, Paul Dublü now has his own strong ambitions, and every time the layout is very good, but it always fails to achieve his wishes!!