Asia/Pacific

KKR appoints Hirofumi Hirano as CEO and MD while former CEO and MD Shusaku Minoda becomes chairman.

SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.

Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.

Canadian fertilizer company Agrium Inc defended the election of its entire slate of directors to the 12-man board as hedge fund Jana, Agrium’s biggest single shareholder, called for an investigation of the vote.

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The Chinese government is now in a quandary as to the crackdown on corruption against the so-called princelings.

The mystery lender who financed Thai billionaire Dhanin Chearavanont's $9.4 billion acquisition of HSBC's 15.6 stake in Ping An Insurance Group Co.,China's second largest insurer, had been named.

Sundance Resources has terminated the bid agreement with Sichuan Hanlong Group for its failure to meet bid preconditions.

Toro Energy open to investors in Asia and nuclear utilities for Wiluna uranium mine. Toro Energy Ltd is one of the leading uranium explorers in the world.

The CP Group will use revenues from Ping An acquisition to grow in China. CP Group of Thailand head had confirmed that its earnings from the Ping An transaction would be reinvested in China.

KKR is going to purchase the Alliance Tire Group through a leveraged buyout of US$650 million cash and US$125 million in debt.

Dalian Wanda Group would be acquiring European movie theater chain. The Dalian Wanda Group of China is now discussing the acquisition of a Europe based chain of movie theaters.

Mitsubishi UFJ Finance Group is in discussion to acquire US commercial property loans from Deutsche Bank.

AB InBev is planning of boosting capital outlays in China, acquiring breweries and expanding markets.

North Korea's threats have made the financial market slightly wary, and investors exposed to South Korean stocks and bonds are seeking protection.