Panda Power Funds provides financing for the construction of a new power plant from Moxie Energy. Dallas based private equity firm Panda Power Funds announced the completion of the acquisition of the planned 829 MW natural gas powered generating station for Moxie Energy.
Deals
China Mobile gave CNY 20 billion in 4G contracts to both Chinese and foreign companies
China Mobile gave initial 4G contracts worth CNY 20 billion or USD 3.2 billion to both Chinese and foreign companies.
Jiangxi Copper shows interest in Glencore’s Las Bambas: sources
Sources told Reuters that Chinese copper company Jiangxi Copper Co could be a potential buyer for Glencore Xstrata’s Peru mine.
Icahn sets Dinner with Apple CEO for Buyback talk
Billionaire Carl Icahn announced on Twitter that he had set dinner with Apple CEO Tim Cook to discuss plans for the company's buyback program.
Koch Bros no longer interested with Tribune newspapers
Koch Industries confirmed in an email to BBC about a Daily Caller report of the company backing out on a bid for Tribune Co.'s publications, including Los Angeles Times and Chicago Tribune.
Latest News
Kamcord received USD1 million new seed funding after it had previously gotten an accumulated fund of USD1.5 million.
NakedWines.com received USD10 million new funds from WIV Wein International AG, as the company had plans for expansion into the US and Australian markets.
Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.
Regenerative tissue engineering firm TissueTech Inc closed its latest round with USD 10 million. TissueTech Inc successfully closed its latest fundraising round.
Germany-based North Channel Bank acquired California-based NorthStar Life Services LLC that would strengthen its presence in the life settlement industry.
TagMan scored USD 5 million in a funding round led by Greycroft Partners and iNovia Capital. TagMan said it has received capital commitments worth USD 5 million from various investors.
Semiconductor maker TranSwitch Corp raised USD 2.5 million from Ilex Partners. TranSwitch Corp said it raised USD 2. 5 million in equity investment from private equity company Ilex Partners.
Medical device maker Infraredx Inc said it received a USD 25 million equity investment from Nipro Corp.
MicuRx Pharmaceuticals Inc announced the successful closing of its Series B round with USD 25 million.
