Chinese tycoon Tong Jinquan would be purchasing SGD 200 million shares in Viva Industrial's SGD 375 million Singapore IPO.
Deals
South Korea's GS Caltex cancels Brazilian refinery plan
GS Caltex of South Korea had cancelled a Brazilian refiner plan over profitability uncertainties, said a Reuters report.
Hankook Tire invests USD 800 million for first US factory
South Korean company Hankook Tire would be investing USD 800 million to build its first tire plant in the US.
Shares of Unit4 rise after EUR 1 billion takeover announcement
Dutch software company Unit4 shares increased after it announced that private equity firms had approached with a EUR 35 per share buyout offer.
Robinsons cuts biggest IPO in the Philippines by up to a third
Philippines' Robinsons Retail Holdings Inc. had decided to cut its public offering debut price by up to a third, said a report from Reuters.
Latest News
The new fund of private equity firm Cudos Capital, which is co-founded by former Austrian chancellor Alfred Gusenbauer, would seek to raise EUR150 million.
Investors were forced to short sell, or sell securities it does not own, due to the prolonged partial government shutdown.
Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.
Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.
Baring Private Equity Asia completed its acquisition of India-based outsourcing firm Hexaware Technologies.
Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.
The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.
The American retail banking unit of the Royal Bank of Scotland would be worth more if sold, according to a Wall Street banker.
Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.
