Tsinghua Holdings would purchase a mobile chip designer, Spreadtrum, for US$1.78 billion. Tsinghua Holdings Co Ltd, state-owned unit, would purchase Spreadtrum Communications Inc for US$1.
Asia/Pacific
Telenor appoints Petter Furberg as new CEO
Telenor appointed Petter Furberg as new CEO. Telenor Group named a new Chief Executive Officer for Telenor Myanmar. The company appointed Petter Furberg for the position, effective upon approval from relevant Myanmar authorities.
San Miguel targets around US $4 billion for power assets stake
The Philippines' biggest corporation eyes to raise US $4 billion for its power assets shares. San Miguel Corp, Philippines' top acquisitive company, is planning to accumulate US $4 billion to finance its infrastructure project expansion by selling its power assets.
Tsinghua buys Spreadtrum for US $ 1.78 billion
Tsinghua Unigroup buys the cellphone chip designer for US $1.78 billion. Tsinghua Unigroup approved to purchase Speadtrum Communications Inc in the amount of US $1.
India removes levy on sugar industry
In order to attract foreign businesses, India removed a 10% levy in its sugar sector. Direct investments and foreign ventures are expected to come towards the global sugar industry, said India's top sugar producer Balrampur Chini.
Latest News
India’s Road Minister Oscar Fernandes said that unless major lands are handed over, financial institutions that would lend for the construction of expressways in the country could possibly shy away.
The Competition Commission of India (CCI) said that it would approve the proposed Jet-Etihad deal provided that the two carriers supply it with enough information.
Simcro sells Riverside Co enough shares for the American company to control it. The Riverside Co. , a U. S. private equity firm, has made its primary entry into New Zealand, taking up a large percentage of the stake in Simcro Ltd.
BMG Pharma enters into a long-term partnership Luqa Pharmaceuticals to distribute medical products in Hong Kong and China.
A New Zealand company submitted its offer to join a New Zealand-Taiwan venture capital fund. New Zealand firm has sent an application to join a Taiwan and New Zealand joint investment fund.
Oak Tree Group, which aims to build more retirement homes for senior citizens, gets US $18.3 million investment from Blue Sky Private Equity.
Bharti discussed the sale of its Direct-to-Home unit to Liberty Media. Bharti Airtel is in discussions with American communications and media giant Liberty Media to put up for sale a stake in its unlisted Direct-to-Home line of business.
India’s government held a meeting today with as many as eight banks as it weighed its options to sell the country’s debt abroad.
Asiatelco Technologies and Cluster Wireless announced their collaboration for new M2M middleware and software tools
