The DealBook said in its report that banks in China are steadily making strategic acquisitions offshore and opening its businesses outside of the mainland, thanks to recent economic reforms.
strategic acquisitions
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California real estate investment trust BRE Properties Inc was projected to be the latest acquisition target of companies in a USD22 billion spending spree in apartment REITS, said Bloomberg in its report.
President and Chief Executive Officer Nobuhiro Torii told Bloomberg in an interview in Tokyo yesterday that Suntory Beverage & Food will not be actively pursuing acquisitions in the next 12 months following its debut on the Tokyo Stock Exchange this year.
According to Tingyi Holding Corp Chief Financial Officer Frank Lin, his company could form more corporate alliances or strategic purchases next year in mainland China.
Yahoo's old domain names might fetch lower prices that current retail prices on the domain names market due to the sale of new domain names with non-traditional extensions (gTLDs) by Donuts and GoDaddy, said VentureBeat.
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