ICTSI announces secondary stock offer to Philippine market. International Container Terminal Services Inc, a port operator based in the Philippines, announced that it was seeking to raise US$200 million through a secondary stock offering.
Asia/Pacific
Philippine Government Opens Bidding to Seven Groups for Airport Project
The Philippines' DOTC approves seven bidders for Metro Cebu airport project. The government of the Republic of the Philippines have released a list of approved and qualified builders for a US$430 million airport project.
Larsen and Toubro to Sell Inflation Linked Bonds
Larsen and Toubro, following the lead of the Singh government, is selling inflation pegged bonds to the market.
Edwards Wildman to Open Office in Istanbul
Edwards Wildman to partner with Ismen Law Firm of Istanbul. The law firm of Edwards, Wildman and Palmer LLP, gladly unveiled to the public its plan to extend its office to Istanbul and work closely with Ismen Law Firm depending on the regulatory consent by the Istanbul Bar Association.
SunTech Obtains Creditor Reprieve Again
Suntech was able to obtain another deferment as to the loan obligations that would fall due on May 15.
Latest News
China Galaxy Securities per share price range for its IPO narrowed down. China Galaxy Securities Co Ltd has announced the indicative price range for its US$1.
Third Point's Daniel S. Loeb is seeking the break up of Sony into separate parts for more focused business and profit.
Synalit Milk is now preparing for a possible IPO to fund its expansion plans in China. New Zealand dairy company Synlait Milk Ltd is planning to conduct an initial public offer of shares to fund its expansion plans into the booming infant formula market in China.
The XD Group of China in discussions as to purchase of GE stake in Mexico. The state controlled power equipment manufacturer China XD Group is in discussion to purchase General Electric Co's shares in its joint venture with Xignux SA of Mexico.
AEV to secure funding requirements for power projects in Mindanao and Luzon. Aboitiz Equity Ventures Inc is expecting the finalization of funding requirements for two power generation projects by next month at the earliest.
Current constitutional restrictions on foreign ownership of real property is what is causing the delay in the sale of 60% of the 84% ownership of SMC in Bank of Commerce by CMIB.
Straits Trading accepts bid from United Engineer's Ltd. The Straits Trading Co. , the single largest shareholder in WBL Corp has set a new bar for its share prices after it accepted the United Engineer's Ltd's bid for the dealer of the renowned Bugatti cars.
Experian sells off its market research services unit to WPP. The global information services company, Experian Plc has announced Monday that it has agreed to sell off its market research services.
Blackstone is preparing to make an offer for the 14% shareholdings of LIC in Stock Holdings Corporation of India.
