TCC International Holdings Ltd said it received a buyout offer amounting to HKD5.59 billion (USD721 million) from its parent company, Taiwan Cement Corp, which owns 56.5% of TCC.
The government of Taiwan has encouraged state-run Mega Financial to consider the possibility of merging with Chang Hwa Bank amidst difficulties in the banking sector.
American private equity firm Carlyle Group LP is considering to sell its 67% stake in Eastern Broadcasting Co. for up to USD700 million. Carlyle built a majority holding in the Taiwanese broadcaster after acquiring its parent company for USD1.5 billion.
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
Galaxy Entertainment Group Ltd, the second-largest casino operator in Macau, announced its intention to invest USD5 billion in Japan and China if the gambling markets open in those countries.
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.
Taiwan released fourth-generation mobile spectrum licenses wherein NCC and Hon Hai were among the bidders.
HTC, which is reeling from its first quarterly loss, is seeking to recover when it enters the smartwatch race using Google's Android OS.
Taiwanese and Chinese ties strengthened with new equity exchange center in Fujian, China.
China had formally protested bilateral ties between the European Union and Taiwan.
China, Korea, Japan and Taiwan are some of the possible strategic partners Bandanna Energy was discussing with
HTC, due to Apple and Samsung dominance and the proliferation of cheap smartphones from China, saw its market share decline to just 2.8%.
Taiwan's banks have become minefields for private equity companies.
As the fruition of months of planning and years of animosity, China and Taiwan formalizes the two way cross border transaction system for companies trading in the yuan.
Hon Hai signed a sales partnership deal with the convenience stores of 7-Eleven in Taiwan to expand its television enterprise.
Subscribe to VCpost newsletter
- Maximizing Social Security Retirement Benefits: Experts Reveal Strategies to Get Bigger Monthly Checks
- Investing Experts Say Now Is the Best Time to Invest in Small- and Midsize-Company Stocks — Here's Why
- Why Billionaire Tech Leader Romesh Wadhwani Is Investing $1 Billion on AI's Future
- JPMorgan Chase Gives Gloomy Outlook, Says 99% of Americans Will Be Worse off Financially in 2024 Than Pre-Pandemic
- Elon Musk Trashes Bob Iger, Says Disney CEO Should Be 'Fired Immediately'
- Vladimir Putin: Russia Becoming 'New Global Growth Center' Despite Western Isolation
- AMD Shares Rise After it Unveils New AI Chips to Compete with Nvidia
- This Crypto Blockchain Emerges as Preferred Platform by Terrorist Groups Like Hamas and Hezbollah