Yanchang Petroleum would be purchasing Novus Energy CAD 232 million or USD 220 million. Yanchang Petroleum International would acquire Novus Energy for CAD 232 million or USD 220 million.
Asia/Pacific
Chinese media invited to Apple's September 11 event in Beijing - reports
Chinese media said that Apple invited local journalists in its September 11 event in Beijing, a day later from the tech giant's newest iPhone model launch in its Cupertino, California headquarters.
China calls on Asian neighbors to strengthen ties as Fed tapering looms
China urged its Asian neighbors to forge stronger financial ties in the wake of the Federal Reserve's plan to taper its stimulus package.
Affin Holdings in talks for Hwang-DBS asset buy
Affin Holdings Bhd (AHB) was picked over its biggest competitor, AMMB Holdings Bhd (AMMB), to start talks in purchasing most of Hwang-DBS Malaysia Bhd's investment banking assets.
Indonesia loses private equity allure over buyout prices - report
Indonesia has been losing its attraction as a private equity goldmine due to increased competition, shifting government regulations and high valuation prices.
Latest News
China-based Bright Food Group has planned to buy a stake in Israel's Tnuva Food Industries. Bright Food Group Co said it could buy a stake in Tnuva Food Industries Ltd.
The CBRE Group Inc said Chinese insurance companies could spend USD 14.4 billion in commercial real estate investments overseas.
South Korea would be offering a sale of ten-year bonds despite concerns of the US Federal Reserve reducing its asset purchases.
US investment firm Starboard Value LP voiced his opposition of the Smithfield Foods Inc.'s takeover bid by Shuanghui International Holdings Ltd. in a letter addressed to his co-shareholders on Tuesday.
The Philippine Stock Exchange said meeting IPO targets this year would be difficult as market conditions continued to be volatile.
Raghuran Rajan, the newly appointed bank governor of India's central bank would step into office in the eye of a roiling storm in the country's economy.
The government of Japan proposed today its JPY47 billion or USD473 million 'ice wall' project in the hopes of stopping the leakage of radioactive water from the Fukushima nuclear plant.
Sources told Reuters that RHB Bank of Malaysia would poach Maybank's Indonesian unit head Khairussaleh Ramli and appoint him as RHB's new Deputy CEO.
Thailand's largest shopping mall developer, Central Pattana, said it would be spending THB 15 billion to expand in Southeast Asia.
