China will raise foreign ownership limits in domestic joint venture securities firms and allow them to trade commodities and financial futures in a move to further liberalize the country's capital markets, a senior U.S. official said.
Asia/Pacific
Micron wins exclusive right to bid for Elpida -source
Micron Technology won the right to negotiate exclusively to buy Elpida Memory Inc after offering more than 200 billion yen ($2.5 billion) for the failed Japanese chipmaker.
Blackstone buys StarHub business park in first Singapore deal
Private equity group Blackstone Group has made its first acquisition in Singapore, buying the StarHub Green project from Germany's SEB Asset Management for S$215 million ($173 million).
MBK $2.4 billion Taiwan sale on knife edge over approval delay
The buyer group for private equity fund MBK Partners' Taiwan cable television business said on Monday it might have to pull out of the $2.4 billion deal because of delays in the regulatory approval that it said had cost it an extra $300 million.
India slashes capital gains tax for PE investors
India will slash the tax on long-term capital gains for private-equity investors to 10 percent from 20 percent, a finance ministry statement said on Monday.
Latest News
The following bids, mergers, acquisitions and disposals involving European, U. S. and Asian companies were reported by 0930 GMT on Friday:** SK hynix dropped its bid for bankrupt Japanese semiconductor maker Elpida Memory Inc, sending shares of the South Korean chipmaker to a two-week high.
China's state-owned Bright Food Group has agreed to buy a 60 percent stake in British cereal firm Weetabix Food Co from private equity firm Lion Capital
Chery Automobile Co Ltd, is in talks with banks for a roughly Rmb6bn ($951.3 million) loan for its joint venture with Jaguar Land Rover Ltd, sources said.
Navis Asia Fund IV has sold its stake in Chinese garment label firm Trimco International to Switzerland's Partners Group, making a 10-fold return.
India-focused private equity firm Jacob Ballas has invested $38 million in Marg Karaikal Port. India-focused private equity firm Jacob Ballas, backed by New York Life International, has invested $38 million in Marg Karaikal Port, a unit of MARG Ltd , for a minority stake, the south Indian infrastructure firm said on Wednesday.
Deals of the day -- mergers and acquisitions The following bids, mergers, acquisitions and disposals involving European, U. S. and Asian companies were reported on Wednesday:** E.
P.F. Chang's China Bistro Inc, which has been fighting to recover from ill-timed price increases, said it would go private in a $1.1 billion deal with Centerbridge Partners, sending its shares up 30 percent.
Hony may sell Hiroshima ops to SMIC if Elpida bid a success -Nikkei China's Hony Capital plans to sell or outsource the operations at Elpida Memory's Hiroshima DRAM plant to Semiconductor Manufacturing International Corp (SMIC) if its bid for the bankrupt Japanese chipmaker is successful, the Nikkei business daily said on Tuesday.
Medical Care Technologies, a growing children's healthcare service provider,has received a Reserve Equity Financing of US$10,000,000 over a term of 4 years.
