The subsidiary of UAE's Mubadala is on an expansion mode. Mubadala Petroleum has been looking to expand into overseas markets such as Thailand and Indonesia, as well as commence exploration work in Tanzania within 2013.
Asia/Pacific
Blue Bird Group tests waters for largest Indonesian IPO- sources
Sources told Bloomberg that the Blue Bird Group had begun to check investor demand for its planned USD 450 million IPO.
Vodafone seeks government approval to own more shares India unit
Vodafone seeks bigger share of its Indian unit, wants government approval. Vodafone Group Plc sought approval on Tuesday, Oct. 29, to raise the number of shares of its India unit for $US1.
GO launcher files for IPO - SEC filing
A filing with the US Securities and Exchange Commission showed that the holding company of Chinese app maker GO Launcher planned to get listed on the New York Stock Exchange.
PBOC hosts private meeting with money dealers in light of short-term rate increase
An anonymous People's Bank of China (PBOC) official had met with local money dealers in the bank's efforts to stave off investor worry about rising short-term rates.
Latest News
A total of USD545 million in capital commitments was raised from five cornerstone investors included Chow Tai Fook Enterprises Ltd and China Vanke Co Ltd.
A source disclosed to Reuters that a sale of Techpack Solutions Co Ltd could fetch over KRW432 billion or USD407 million.
A source told Bloomberg that Virtela Technology Services would be bought by NTT Communications Corp for USD 512 million.
General Motors Co said there were no problems with its partnership with Shanghai Automotive Industry Corp.
After accepting Yue Xiu Group's takeover bid, shares of Chong Hing Bank dropped the most in five weeks.
Nexon Co would be doing more deals to enhance market share and increase revenues in North America. Japanese online games maker Nexon Co said it would be looking more deals to increase its revenues in the US.
Equifax Credit Information Services would receive an undisclosed amount from SBI as an investment. Equifax Credit Information Services, the India-based credit information bureau, announced that State Bank of India would be making an investment in the company.
Davaadorj Ganbold said that major issues between the mining firm and the government have been ironed out but some still remain.
Hindustan Unilever Ltd reported revenues and profits as sales revenues from soap and skin care. The Indian subsidiary of the second largest consumer goods company in the world, Hindustan Unilever Ltd, reported profits for the second quarter.
