People with knowledge of the transaction said the Yue Xiu Group was nearing a deal to buy Hong Kong-based Chong Hing Bank.
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Bromium raises USD40 million in Series C investment round
Bromium's oversubscribed Series C funding round had raised USD40 million. Bromium, whose micro virtual machine technology assisted IT administrators in trapping malware, raised USD40 million in investment capital.
Citadel Capital increases capitalization through share issue
The shareholders of Egypt's Citadel Capital had approved the share sale for increased capitalization expected to reach EGP3.64 billion.
Easy Taxi app receives USD7 million from Rocket Internet-iMENA consortium
A Rocket Internet and iMENA Holding consortium would be marketing mobile app Easy Taxi to North Africa and the Middle East.
Intel Capital commits USD65 million in 16 companies
16 startups whose products focused from cloud services to video and imaging technologies had received USD65 million in investment from Intel Capital.
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The acquisition of the GE Power & Water business by APR Energy Plc would also make General Electric Co a strategic investor in the temporary power provider.
Hong Kong billionaire Li Ka-shing was reportedly amassing funds from divestment in preparation for strategic acquisitions in Europe.
Grupo BTG Pactual was reportedly working up a bid to purchase the commodities unit of JPMorgan Chase & Co.
Private equity firm Ardian acquired stakes in buyout funds amounting to USD 4.3 billion, proving that the secondary market is alive and well.
The IPO of state-backed power firm Meridian Energy would raise USD 1.6 billion or NZD 1.88 billion for New Zealand.
Billionaire investor Carl Icahn cashed in part of his ownership stake in video streaming company Netflix Inc.
Kevin Spacey was among the few personalities thanked by billionaire investor Carl Icahn for the performance of video streaming company Netflix Inc on the stock market.
Sources disclosed to Reuters that Cerberus Capital Management LP and other buyout firms were interested in acquiring Safeway Inc.
Health officials still could not find an answer to what killed 600 pets linked to jerky treats made in China.
