PT XL Axiata would be buying PT Axis Telekom Indonesia from Saudi Telekom through cash and debt repayment.
Asia/Pacific
Top shareholders of Alibaba support corporate body provision
Hong Kong's adherence to its rules may force the IPO of Alibaba to be done elsewhere. The largest shareholders of the Alibaba Group have backed the partnership structure proposed by the company that was the central issue of a debate as to the permission to list its shares in the bourse.
Archipelago approves GBP338 million Rajawali privatization proposal
On Friday, the board of directors of Singapore-based and London-listed Archipelago Resources agreed to the privatization proposal of its major investor PT Rajawali Corporation valued at GBP338 million or USD541 million.
Vestas forms wind energy joint venture with Mitsubishi Heavy Industries
Danish wind turbine producer Vestas Wind Systems announced that it would be forming a new joint venture with Japanese conglomerate Mitsubishi Heavy Industries.
Toray to purchase Zoltek for USD584 million
A Reuters report said that Japanese-based firm Toray Industries Inc would be purchasing US-based company Zoltek Companies Inc for USD584 million.
Latest News
According to a Reuters report, Lixil Group Corp Chief Executive Yoshiaki Fujimori said that his company had reached a basic agreement to buy bathroom equipment maker Grohe for JPY400 billion or USD4.05 billion from its owners.
Alibaba, the largest e-commerce company in Chins, is set to register at the New York Stock Exchange.
Analysts thought that Tokyo Electron Ltd's takeover was unusual move in an industry norm where local companies were rarely open to mergers or takeovers by their foreign rivals.
GE Healthcare Life Sciences would be constructing the KUBIo biopharmaceutical factory for JHL Biotech in China.
In accordance with its expansion plans, Fonterra Cooperative Group is now building a UHT milk processing plant in China, despite a recent poisoning scare and corruption investigations done by government.
Volkswagen AG invests new finds into the venture with FAW Group to expand the production of the plant in Foshan.
Samsung launched the global sales of its latest phablet, the Galaxy Note 3. Samsung Electronics launched the global sales of its latest phablet offering.
Linc Energy CEO Peter Bond said they were already talking with two groups who were interested in taking part in its shale exploration project.
Berjaya Corporation Berhad's Philippines unit, Berjaya Philippines Inc, extended its GBP42 million or USD65 million takeover bid offer to minority shareholders of British auto dealer HR Owen to October 11.
