Pros­tar fo­cuses on Asia-Pa­cific re­gion

China Daily (Canada) - - BUSINESS -

Pros­tar Cap­i­tal Ltd, the pri­vate eq­uity firm that partly owns an oil stor­age ter­mi­nal in theUnited Arab Emi­rates, is fo­cus­ing on the Asia-Pa­cific re­gion to add en­ergy in­fra­struc­ture as­sets amid a price slide that’s forc­ing oil com­pa­nies to sell por­tions of their busi­nesses. Pros­tar is in the fi­nal stages of a num­ber of deals in the “oil-ter­mi­nal space”, Man­ag­ing Part­ner Steve Bick­er­ton said from Sydney, with­out elab­o­rat­ing.

PEI QIANG / FOR CHINA DAILY

A robot serves food at a restau­rant in Lanzhou, Gansu prov­ince. Ac­cord­ing to restau­rant of­fi­cials, ro­bots are more cost-ef­fec­tive and eas­ier to man­age than tra­di­tional wait­ers.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.