Once a rising star, Chi Mei Lighting is now knee deep in debt with no help on the horizon by its two wealthy shareholders Foxconn Electronics and Chi Mei Corp. Founder and chairman of Foxconn Terry Gou wholeheartedly supports his affiliate ...
Tags: Chi Mei Lighting, Lights
Solar-grade crystalline silicon wafer maker Sino-American Silicon Products (SAS) has announced its merger with Sunrise Global Solar Energy, a manufacturer of P-type monocrystalline silicon solar cells, through a stock swap where one SAS ...
LED chip manufacturer Chi Mei Technology Corp went out of business last month after a surprise exodus by the company’s board members. A staggering amount of NT$5.6 billion in unpaid debts has lead to anger from creditor banks. The ...
Tags: LED chip, Chi Mei Technology
Cheil Industries, a leading electronic materials company in the display industry, and Novaled AG, a world class provider in OLED technologies and materials, announced today that Cheil Industries acquires a majority stake in Novaled in a ...
Tags: Cheil Industries
In the three years following a cartel breakdown, the number of mergers is significantly higher than in the three years preceding the collapse. A recent study conducted by the Centre for European Economic Research (ZEW) in Mannheim has ...
Tags: cartel breakdown
International Airlines Group (IAG) has chosen to deploy Microsoft Office 365 for its 58,000 employees, enabling staff to collaborate with each other across the globe. The group, one of the largest in the aviation industry, formed via the ...
The shake-out of the mobile phone market has continued with the news that Japanese consumer electronics giant Panasonic is to discontinue making smartphones. It comes a week after its rival NEC announced a similar withdrawal. However, ...
Tags: mobile phone, Panasonic
Specialty chemicals producer Clariant and Tasnee & Sahara Olefins have signed an agreement to establish a masterbatches joint venture (JV) in Saudi Arabia. Tasnee will acquire a 40% stake in Clariant's masterbatches operations in the ...
Tags: joint venture, Clariant
Marine mutual liability insurer The North of England P&I Association (North P&I Club) and fishing vessels insurer Sunderland Marine Mutual Insurance (SMMI), are in discussions to merge their operations. The combined company is expected to ...
Tags: Merger Talks, P&I Club
Maidenform Brands, Inc., a global intimate apparel company, reported second quarter 2013 net sales of $145.4 million and earnings per share of $0.34. On July 23, 2013, Maidenform entered into a definitive agreement with Hanesbrands Inc. ...
Tags: Maidenform, apparel company
Oriental Weavers USA, a subsidiary of the $800mm/year Oriental Weavers Group, has begun a rebranding initiative of its US based businesses. Between the 2006 merger of Oriental Weavers of America and Sphinx by Oriental Weavers, and ...
Tags: Textile
Cooper Tire & Rubber Co. posted net income of $35 million on net sales of $884 million for its second quarter ended June 30, 2013. That compares to net income of $52 million on net sales of $1 billion for the same period last year. ...
Tags: Cooper Tire, Auto Parts
Cooper Tire & Rubber Company announced a quarterly dividend of 10.5 cents per share on common stock, payable Sept. 30, 2013. The dividend will be payable to stockholders of record at the close of business on Sept. 5, 2013. The company ...
Tags: Auto Parts, tire
The creditor banks for Chi Mei Lighting Technology Corporation are demanding the company's shareholder groups like Innolux Corportation and Chi Mei Corporation to repay the company's debt. However, Innolux Corportation's response was that ...
Tags: LED, LED lighting
US-based cereal brands manufacturer Post Foods has agreed to acquire Premier Nutrition (PNC), a producer of protein beverages, foods and nutritional supplements, in an $180m all-cash deal. Headquartered in Emeryville, California, PNC ...
Tags: Premier Nutrition