Sharp Corp announced that it would raise up to USD 1.68 billion through a public offer and third party placements.
Asia/Pacific
Apple iPhone 5C is cheap but classy
The iPhone 5C may be cheap but it's got glamour and class, said a review in The Independent. Apple sought to develop a more affordable iPhone for customers on a budget and the company came up with the iPhone 5C.
Macau Legend wants to raise USD 300 million by selling shares
Macau Legend announced plans to raise USD 300 million through a share sale to redevelop the Fisherman's Wharf complex.
Blackberry's Z30 to launch in Malaysia
The Blackberry Z30 would be launched in Malaysia to compete with market leaders Apple iPhone and Samsung's Galaxy S4.
Tencent joins exclusive USD100 billion club on the Hang Seng
Tencent Holdings, with its recent share value rise, pushed the overall value to above USD100 billion.
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According to a Reuters report, Freelancer.com would be planning a local IPO in Australia that would help boost Australia's fast-growing technology markets.
According to sources, Polaris Financial Technologies had opened talks with Tokyo-based NEC Corporation to sell its IT division.
I&B Ministry of India approved the proposed investment plan of Goldman Sachs Group to DEN Networks valued USD110 million.
Burberry projects growth in the Chinese market to continue despite government crackdown on luxury goods.
According to the Ministry of Commerce, China's utilized FDI increased by 6.37% for the first eight months of the year.
A settlement was reached between a consortium of banks and liquidators over the current legal dispute over the collapse of the Bell Group of Australia.
Prime Minister Norovyn Altankhuyag of Mongolia announced his government's plans to buy a strategic stake in Areva Mongol's uranium venture.
Sharp planned to issue 450 million new shares in a USD 1.7 billion fundraising plan. Sources told Reuters that Sharp Corp would be issuing 450 million new shares to raise funds.
In a bid to increase its contribution to ZTE's overall revenues, the cloud computing and IT productions operations of the firm had laid out plans to expand cloud computing in China.
