The South China Morning Post reported the rejection of the Alibaba IPO led to calls for market reforms in Hong Kong.
Deals
Wing Hang Bank may get bids from ANZ, United Overseas Bank - sources
According to sources who told the Wall Street Journal, family-run Wing Hang Bank Ltd may get takeover bids from Australia & New Zealand Banking Group Ltd and United Overseas Bank Ltd of Singapore.
Beats gets USD500 million support from Carlyle
Beats Electronics on Friday said it had received an investment from the Carlyle Group worth USD500 million.
Inotek Pharma raises USD 21 million financing for glaucoma treatment
Existing investors gave USD 21 million equity and debt financing to Inotek Pharmaceuticals. Inotek Pharmaceuticals Corp received USD 21 million in equity and debt financing from various private equity firms.
Last quarter sales take a nosedive as Blackberry continues privatization plan
BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.
Latest News
Power Assets Holdings would be exiting its units in its Hong Kong electricity business for USD 5 billion, according to sources.
HTC Corp would be selling 24.84% of its stake in Beats Electronics for USD 265 million. Taiwan-based smartphone maker HTC Corp would be selling back the 24.
Analysts said Rockwood Holdings Inc had poised itself to be an attractive takeover target as it had sold USD4 billion of its businesses this year.
The Fed Reserve's turnaround on tapering had opened better loan prospects for banks in India. IndusInd Bank is India's fourth largest private sector lender.
In a joint statement, Panasonic Healthcare Co would be sold to KKR & Co for JPY165 billion. According to a joint statement, a wholly owned subsidiary of KKR & Co would be buying the healthcare business of Panasonic Corp in a deal worth JPY165 billion.
In a seemingly peculiar move, JC Penney Co announced yesterday that it would be selling 84 million of its shares to generate cash after saying that the company was liquid enough by the end of its fiscal year.
The Asian Development Bank had allotted two loans for renewable energy and utilities projects in both eastern and western India.
In a bid to maximize benefit from high consumer demand, SABIC issues a five year dollar denominated bond projected to be worth USD1 billion.
The partnership structure proposal of Alibaba Group Holding Ltd got support from its shareholder Yahoo Inc.
