Private equity backs $300 million US China Film Venture

(ChinaDaily) National Film Capital Co Ltd, the government-backed entertainment firm, has revealed plans to invest $300 million in 10 English-language movies, one of which will star a Chinese superhero being dubbed Ming: The Annihilator, the creation of iconic Spider-Man and Incredible Hulk creator Stan Lee.

Launched by China Film Foundation, National Film is a private equity group of limited partnerships involving investors from both home and abroad.

Republican Jobs Plan – Help Hedge Funds

Asia Hedge Fund Sun Capital Buys 49% of Bankrupt Saab Assets

(Dow Jones) A large part of the assets of bankrupt Swedish car maker Saab Automobile have been sold to the Swedish electric vehicles consortium National Electric Vehicle Sweden AB, or NEVS, for an undisclosed sum, administrators of the bankruptcy announced Wednesday.

NEVS, a company specifically created to buy the assets of bankrupt Saab Automobile, plans to develop electric vehicles at Saab Automobile’s Trollhattan plant. It is 51% owned by National Modern Energy Holdings Ltd. and 49% by Sun Investment LLC.