Dai Xianglong of the National Social Security Fund recommends state controlled enterprises In a quote of the National Social Security Fund council's party secretary, he is proposing that Chinese state-owned enterprises transfer 30% of their capital gains and ownership shares exceeding 51% to the fund.
Deals
Suntech to Sell Off Italian Assets and Shareholdings
Suntech, in a bid to trim its debt, it would be selling off its Italian assets and shareholdings. A company spokesman said that Suntech Power Holdings Co.
Panasonic to sell off part of shareholdings in healthcare unit
Panasonic of Japan is selling part of its shareholdings in its healthcare unit for expansion plans. Panasonic Corp of Japan has engaged the services of Bank of America Merrill Lynch in order to sell a part of its healthcare subsidiary, The deal could raise as much as US$1 billion for the electronics company, according to two sources familiar with the transaction who spoke on condition of anonymity.
China Interested in Kashagan Oil field Share
China interested in purchasing the ConocoPhillips share in the Kashagan oil field in Kazakhstan. China has indicated an interest in purchasing a stake in US oil company ConocoPhillips in a multinational consortium aiming to develop Kazakhstan's Kashagan oil field.
Velocity Aerospace Group Receives Investment from Prospect Partners
Prospect Partners invests in Velocity Aerospace Group. A leading private equity firm focused on smaller lower to middle market companies, Prospect Partners, had announced that it has placed an investment with Velocity Aerospace Group Inc.
Latest News
Agila Biotech and Pfenex Inc enter into a joint venture for development of multiple sclerosis drug development.
Vintage Capital prices Anaren shares at US$23 per share in its purchase offer. Vintage Capital Group LLC, the investment firm has offered to purchase Anaren Inc for the price of US$23 per share.
Biosev SA, to ease concerns about Brazil's equity market, offers a money back guarantee for its IPO.
AMR Corp, the parent of American Airlines, is nearing bankruptcy exit and with that, merger of the two air carriers is near.
Wilmar pays out US$263 million for 54% controlling stake in Consumar. The largest sugar cane miller in Australia, Wilmar International Ltd has purchased 27.
Bain Capital LLC's Capital Fund XI is in the process of finalizing its subscriptions from investors.
According to Dish CEO, the offer to purchase Sprint-Nextel is not contingent on the outcome of the Sprint-Clearwire negotiations.
Winter apparel maker Canada Goose seeking investors for expansion purposes. Canada Goose, the winter apparel maker, has engaged the services of investment bank Canaccord Genuity to assist in exploring options for the firm.
Hochtief AG is expecting to sell off its airport assets for Eur1.2 billion. ACS Global of Spain's subsidiary Hochtief AG has received offers for its airport unit according to a report Monday from Reuters.
