US investment bank Goldman Sachs is said to have sold out shares controlled in Chinese automaker Geely Automobile Holdings Ltd. (SEHK: 0175). Sources said on October 8 that Goldman Sachs would sell a total of 580 million shares ...
Tags: Auto, Transportation
CSPC Pharmaceutical Group Limited (SEHK: 1093) declared that major shareholders Jinling Investment Limited and Joyful Horizon Limited will sell 362 million and 138 million of its shares respectively for CNY 4.05 per share, taking up 13.07% ...
Engaged in software development and system integration, PCI-Suntek Technology Co., Ltd. (SHSE: 600728) revealed that it will also participate in establishing a private bank. The company said that the private bank will be formed with other ...
Tags: Private Bank, economy, software
ArcelorMittal, the world's largest steel company, made it in public that it is going to trade about 7% of its stock ownership for about 233,169,183 in Ere?li Demir ve ?elik Fabrikalar? T.A.?. or Erdemir, the largest steel producer in Turkey ...
Tags: Steel, Construction, Decoration, Steel Mill
BlackBerry's co-founders, Mike Lazaridis and Douglas Fregin, are considering weighing in with a counter-bid for the ailing smartphone maker, according to a financial filing made on Thursday. A bid by the pair would represent an ...
Tags: Computer Products, Blackberry, smartphone
Citadel Capital, an investment company based in Africa and the Middle East, has secured a 49% stake in ent company based in Africa and the Middle East, has secured a 49% stake in Sphinx Glass, a float glass manufacturer, from DH Investors ...
Tags: Sphinx Glass, Citadel Capital
Oman’s Anvwar Asian Investments (AAI) has settled with Ferrum Crescent to buy a 35% stake in Ferrum Iron Ore. AAI will pay Ferrum Crescent US$10 million for the shareholding and also invest USD 3.5 million to the Moonlight iron ore ...
Tags: Ferrum Iron Ore
Indonesia's PT Bumi Resources said on Wednesday China's sovereign wealth fund, China Investment Corp (CIC), has agreed to convert part of an outstanding $1.3 billion loan into stakes in the miner's PT Bumi Resources Minerals unit, its coal ...
Tags: Mining Units, PT Bumi Resources
Royal DSM, a life sciences and materials sciences firm based in the Netherlands, has acquired 19% stake in Yantai Andre Pectin, a China-based producer of texturing ingredients. Headquartered in Yantai, Shandong Province, Andre Pectin was ...
Tags: Royal DSM, Andre Pectin
India-based Jammu & Kashmir Bank is planning to offload entire or a fraction of its 5% stake in life insurance joint venture (JV) MetLife India. J&K Bank CEO and chairman Mushtaq Ahmed was quoted by the Economics Times as saying that the ...
Tags: J&K Bank, Minority Stake
China Electric, a Taiwan-based conventional lighting product maker, has announced a plan to invest NT$128 million (US$4.32 million) to acquire a 59.91% stake in GIO Optoelectronics, a Taiwan-based CCFL and LED lighting product maker, in ...
Solar-grade crystalline silicon wafer maker Gigastorage has reported September consolidated revenues of NT$648 million (US$21.7 million), rising 76.22% on year and by 8.07% on month, according to the company. Gigastorage's third-quarter ...
Tags: crystalline silicon, wafer
On 30 September 2013, GPG announced the sale of its entire shareholding (33.6%) in TOWER Limited for £60.7million (NZ$118.3 million). TOWER Limited represented the last material investment for GPG (excluding Coats) and the imminent ...
Bob Evans Farms, a US-based food company, has shut down its sausage production facility in Richardson, Texas, putting more than 100 jobs at risk. The company said that its decision will allow its BEF Foods division to better manage ...
US-based life insurer MetLife has finalized acquisition of a 64.3% stake of Chilean pension fund administrator, AFP Provida from Spanish bank BBVA, in a deal worth approximately $1.54bn. From the sale of AFP, the Spanish bank received ...
Tags: Metlife, life insurer