Taipei, Nov. 14, 2012 (CENS)--The Financial Supervisory Commission (FSC) intervened yesterday (Nov. 13) in the plan of Jeffrey Koo Jr., chairman of Chinatrust Charity Foundation, to buy out Next Media Group, citing the principle for the ...
Tags: FSC, plan of Jeffrey Koo Jr, separation, business, industry
Taipei, Nov. 21, 2012 (CENS)--The cross-Taiwan Strait financial exchanges will reach a new level, as Shan Fulin, chairman of China Banking Regulatory Commission (CBRC), is set to visit Taiwan by the end of this year. Guo Shuqing, chairman ...
Specialty chemicals manufacturer BASF has offered to acquire Pronova BioPharma, which manufactures omega-3 fatty acids. As part of the acquisition plan, BASF has signed an agreement with Pronova to suggest voluntary public takeover offer ...
Taipei, Nov. 13, 2012 (CENS)--San’an Optoelectronics, mainland China’s largest LED (light emitting diode) epitaxy manufacturer, announced yesterday (Nov. 12) buying into Formosa Epitaxy Inc., the second largest LED epitaxy ...
Tags: San'an Optoelectronics, LED industry, global LED market
Mahindra Reva Electric Vehicles, part of the $15.4bn Mahindra Group, has opened its automobile manufacturing facility in Bangalore, India. The new manufacturing facility has a capacity to produce 30,000 cars annually, and is expected to ...
Tags: Mahindra, New Automobile Manufacturing Facility, India
Japan's largest upstream company Inpex said Monday it has awarded a front end engineering and design contract to UK-based engineering firm Wood Group,for subsea production facilities at the Abadi LNG project in Indonesia. Under the ...
Tags: Inpex, Wood Group, LNG project, subsea production facilities
Hershey has agreed to acquire the 49% stake in Godrej Hershey joint venture (JV) that it does not own, primarily from Godrej Industries and another minority shareholder. The US-based chocolate and sugar confectionery maker will own the ...
Taipei, Nov. 15, 2012 (CENS)--Taiwan Semiconductor Manufacturing Co.’s (TSMC’s) board of directors recently approved capital appropriation totaling NT$95.5 billion (US$3.29 billion at US$1:NT$29) for several expansion plans. ...
Tags: TSMC, expansion plan, R and D project
Industrial Investment Trust Ltd(IITL)has emerged to be the preferred bidder among its rivals to acquire the life insurance business of Future Group. Future Group has inked a non-binding agreement with non-banking finance company IITL,to ...
Taipei, Nov. 16, 2012 (CENS)--Vanguard International Semiconductor Inc.’s (VIS’s) sales revenue for October hit 12-year high of NT$1.8 billion (US$62 million at US$1:NT$29) mostly thanks to surged foundry contracts from ...
Tags: VIS, sales revenue, chip, Apple
Dutch automaker Spyker has signed a framework agreement with the Chinese car manufacturer Zhejiang Youngman Passenger Car group (Youngman) to acquire 29.9% stake in Spyker and jointly set up two new joint ventures (JVs). Under the deal, ...
Tags: Spyker, New Framework Agreement, Youngman
Lanka Cement PLC plans to enter into a joint venture with other international cement manufacturers to set up a cement grinding and packing plant in an area outside the high security zone in Kankesanthurai, according to Lanka Cement Managing ...
Tags: market view, cement
Chairman and CEO, Netgear, talks about market competition and partner strategy in the India market. CW: Over the years, what has redefined the networking market, which was more about switches and routers? Lo: Presently, the network is ...
Tags: Netgear, India, market competition, partner strategy
New Minya Governor, Dr. Moustafa Kamel Eissa, tours ASEC Cement s $360m state-of-the-art greenfield cement plant as it initiates cold run testing. ANCC will create a total of 1, 200 direct and indirect jobs in Upper Egypt. The new Governor ...
Tags: market view, cement
US-based health service and insurance provider Cigna has finalized the acquisition of 51% stake in Finans Emeklilik, Finansbank's insurance subsidiary in Turkey, following a regulatory approval from the Treasury of Turkey in early November. ...
Tags: health service, health insurance, acquisition, life insurance, pension