Shell says China approves a product-sharing contract for the share gas block in Sichuan. Royal Dutch Shell has received approval from China for a production-sharing contract for the Fushun shale gas block in the southwestern province of Sichuan as it steps up drilling activities in the Asian country.
Asia/Pacific
Qantas Emirates Partnership Approved
Australian regulators have approved the Qantas-Emirates international flights scheme. Australian anti-trust regulators have cleared the tie up between Qantas Airways Ltd and Emirates on international flights.
Tata Steel to Sell Bonds to Refinance Debts
Tata Steel is now in the process of finding banks to facilitate the sale of bonds for its debt refinancing purposes.
LDK Solar Sells More Shares to Fulai
LDK transfers more shares under a purchase agreement with Fulai. LDK Solar Co's share values has declined nearly three fourths since 2012 and has now sold additional shares to Fulai Investments at discounted rate of 30% of value from last month.
Grupo Rede Buyout by Rivals Pursues Despite Bondholder Opposition
The buyout of Brazilian power holding firm Grupo Rede Energia SA by rivals SA is unlikely to be prevented by opposition from foreign bondholders, several sources familiar with the matter told Reuters.
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Next Media's pending sale was held back by protests and other hindrances. Jimmy Lai, the Hong Kong billionaire, has offered his Taiwanese newspaper and magazine for sale but did not push through.
Cerberus has grandiose plans for Seibu, such as relisting after three years and expanding its shareholdings in the company.
A year ago, Sharp announced Foxconn would purchase shares but a year later, no agreement has been forged.
The sanitary wares giant recently sold its glassware subsidiary for an undisclosed amount. HSIL Ltd recently sold off its entire shareholdings over AGI Glasspack Ltd.
The Taiwanese financial regulator had granted permission for Fuh Hwa Securities Investment Trust to form the yuan denominated mutual fund.
CVC Capital and RBS has sold off its shareholdings over the Luxembourg based luggage maker Samsonite.
A total of 528 million shares in Samsonite International were sold by Royal Bank of Scotland and private equity firm CVC Capital Partners as they exit in the Luxembourg-based company.
Sinopec has concluded a deal to purchase oil and gas assets from its parent company. Sinopec Corp. has reached an agreement with its parent company China Petrochemical Corp.
Mother company and subsidiary would form a joint venture partnership to boost profitability. A joint venture would be set up between China Petroleum and Chemical Corp and its mother company.
