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.
Investors
Intel Capital backs Recon Instruments
Recon Instruments received funding from US venture capital firm Intel Capital. Vancouver, Canada-based Recon Instruments announced that it has received a significant investment from US venture capital company Intel Capital.
Former Barclays CEO plans to buy more shares
Bob Diamond, the former CEO of Barclays, said he planned to purchase more Barclays shares in the bank's rights offering.
Liftopia receives USD 5 million in Series D round
Liftopia scored USD 5 million in its recent Series D funding round. Online ski marketplace Liftopia received USD 5 million in Series D funding. Industry Ventures led the most recent funding round.
Catterton Partners makes significant investment in Piada Italian Street Food
Piada Italian Street Food announced that a significant investment was made to the company by Catterton Partners.
Latest News
Beats Electronics on Friday said it had received an investment from the Carlyle Group worth USD500 million.
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.
BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.
New York City startup MakeSpace launched with USD 1.3 million in venture funding. New York-based MakeSpace received USD 1. 3 million in private equity funding to launch its storage-on-demand enterprise.
A source told Bloomberg that a unit of Goldman Sachs and two Denmark-based pension funds were close to purchasing a stake in Denmark utility Dong Energy.
The South China Morning Post reported the rejection of the Alibaba IPO led to calls for market reforms in Hong Kong.
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.
Safetica Technologies launched the its data loss protection program in the Philippines. Safetica Technologies had introduced its flagship data loss protection (DLP) software in the Philippines.
