Hong Kong

Indian Angel Network eyes investment opportunities in UK, Singapore

The Indian Angel Network, the country's oldest and largest angel investor network, is hunting for investment opportunities in the UK and Singapore. IAN expects to announce its first UK deal during the first half of 2014, while it will begin its Singapore operations in the latter half of next year.

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Department of Energy to lose USD139 million on Fisker loan

The Department of Energy will lose about USD139 million on a loan given to Fisker Automotive under a clean vehicles program after the automaker sold part of the loan to Hybrid Technology.

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Glorious Property gets USD589 million bid from founder

Billionaire Zhang Zhirong offered USD589 million to take Glorious Property Holdings Ltd private, a move is seen as an effort to save a troubled shipbuilder that he founded.

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China’s patent issuance to set Hong Kong as an intellectual property hub

With a high demand of patent agents and lawyers from mainland China, Hong Kong's quest to become the regional trading hub for intellectual property (IP), may soon be a reality as China remained the world's number one patent granter last year with 1.26 million approved applications.

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Shandong Weigao put up Biosensors stake for sale

Hong Kong's Shandong Weigao Group on Friday announced that it will sell its entire 21.7% stake in Biosensors International Group for USD312.3 million. The stake will be sold to CB Medical Holdings.

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Multichannel bags USD3 million to track marketing spend

Hong Kong-based tech startup Multichannel raised USD3 million in a seed round from angel investors in Asia and Europe to be used for the improvement of the company's marketing spend tracker.

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Weigao Group to sell entire stake in Biosensors

China's Shandong Weigao Group Medical Polymer Co Ltd announced its intention to sell its entire 21.7% stake in medical device manufacturer Biosensors International Group Ltd for USD312.3 million.

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Corporate Travel Management to buy majority stake in Westminster Travel

Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.

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National Bank of Abu Dhabi set to expand internationally

NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.

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Japan Exchange fell as profits decreased

Japan Exchange fell after expectations were unmet as major stocks pulled down the market.

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Fisker's DOE loan bought by Hong Kong consortium

The Department of Energy loan given to the now floundering Fisker was bought out by an investment firm headed by Richard Li.

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Hong Kong bank sales near 2008 valuation

Hong Kong's Wing Hang Bank Ltd. and Chong Hing Bank Ltd. might go on sale after valuations approached levels that were last seen during the 2008 global financial crisis.

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Tencent joins exclusive USD100 billion club on the Hang Seng

Tencent Holdings, with its recent share value rise, pushed the overall value to above USD100 billion.

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China rules out open nominations for Hong Kong candidates in 2017 election

Chinese representatives in Hong Kong had ruled out nominations for the 2017 elections, the strongest sign that China's pledge of democracy came with certain conditions.

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Ex-RBS trader gets imprisoned in Hong Kong

Royal Bank of Scotland's former trader Sharlina Tsang was sentenced to 50 months of imprisonment in Hong Kong after she had pleaded guilty for fraud.

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