Chatham announced that the net proceeds they got from their IPO did not meet its expectations of US$4 million.
Asia/Pacific
Sino Australia seeks extension of IPO
Sino Australia sought to extend its IPO. Oil company Sino Australia Oil and Gas, the holding company in Australia of Zhaodong Huaying Drilling (Huaying), sought to extend its initial public offering (IPO).
Alibaba's plans to go public makes IPO the biggest since FB
Alibaba's plans to go public makes IPO the biggest since FB. Alibaba planned of going public by offering an initial public offering. The IPO could be the biggest since Facebook.
Travellers International to go through with expansion plans depite IPO delay
Travellers International stated that it would go ahead and spend US$600 million on expansion depite IPO delay.
Honda, local auto maker team up to build Acura cars in China
Honda teams up with Guangzhou Automobile Group to get a share of the market pie in China. Honda Motor Co. has partnered with Guangzhou Automobile Group to manufacture and distribute Acura cars in China beginning 2016.
Latest News
Suntory Beverage & Food Ltd. planned to spend more on purchases and considered Del Monte Pacific Ltd. as its new takeover target.
Billabong announced that they are studying competing proposals for new refinancing. Billabong International Ltd. announced that they will study competing proposals from two US based debt investors.
First Data Corporation and Profit Technologies announced that they would work together to provide better service to financial clients in the Asian market.
Sika expands its venture as it acquires Radmix Resources and its partner Australian Synthetic Fibres.
Singapore's Redmart raised a Series A round to increase valuation. Redmart, a Singaporean online grocery store, raised funds through a Series A round held recently.
Neuberger Berman announced the launch of a new fund where it plans to invest in the Greater China Region.
The currency hedging activities together with the Fed Reserve's announcement has a grave effect on the Wisdom Tree Japan Hedged Equity Fund.
Softbank enters into a joint venture with Bloom to distribute hydrogen and bio-fuel cells in Japan.
Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.
