Honda teams up with Guangzhou Automobile Group to get a share of the market pie in China. Honda Motor Co. has partnered with Guangzhou Automobile Group to manufacture and distribute Acura cars in China beginning 2016.
Investors
Bain Capital to buy stake in PRUK
Media sources had stated that Bain Capital was going to purchase stakes in PRUK for GBP200 million. Bain Capital is to take control of Plasma Resources UK, the major blood plasma supplier to the National Health Service.
Simply Business announces changes in management
Simply Business gets management overhaul after AnaCap Financial Partners took over its reins. AnaCap Financial Partners announced the management takeover of Simply Business, one of the pioneer brokers in commercial insurance in the UK.
Alibaba's plans to go public makes IPO the biggest since FB
Alibaba's plans to go public makes IPO the biggest since FB. Alibaba planned of going public by offering an initial public offering. The IPO could be the biggest since Facebook.
EMI breaks buyout records
EMI broke buyout records. The EMI Group Pension Fund secured a buyout with Pension Corporation last week. The buyout was worth GBP1. 5 billion, which is considered to be the largest deal to date.
Latest News
OUE announced that they raise US$476 million from the company's initial public offering Overseas Union Enterprise (OUE) announced that they will raise approximately SGD600.
Toshiba is investing in technology amounting to JPY 20 to JPY 30 billion in its bid to boost its position in the venture.
Deutsche Börse will soon launch its new block trading service, Liquidnet. Deutsche Börse announced that it will soon launch Liquidnet, its new block trading service.
Kofax received US$1.2 million for accounts payable processing from a global logistics company. Kofax PLC announced receipt of US$1. 2 million from a global logistics company.
Chatham announced that the net proceeds they got from their IPO did not meet its expectations of US$4 million.
UCP Inc announced the pricing of its initial public offering for 7,750,000 worth of stocks. UCP Inc announced the pricing of the company's initial public offering.
Suntory Beverage & Food Ltd. planned to spend more on purchases and considered Del Monte Pacific Ltd. as its new takeover target.
Erste's capital hike raised net proceeds of Eur632 million. Erste Bank Group stated that it had a capital increase this month. This was after the group's foundation decreased its stake.
Billabong announced that they are studying competing proposals for new refinancing. Billabong International Ltd. announced that they will study competing proposals from two US based debt investors.
