Ningbo Joyson, a Chinese company that produces automotive and industrial electronics equipment has acquired US based airbag maker Key Safety Systems (KSS) for $920m. KSS is a Michigan-based engineering safety products supplier of ...
Tags: airbag, Ningbo Joyson
UK-based drinks company Diageo has reportedly said that it would challenge the claim by its Indian subsidiary United Spirits Ltd (USL) chairman Vijay Mallya, who alleged that Diageo failed to enter into a joint venture with him in the ...
Tags: emerging markets, Diageo, drinks
Design and packaging firm Graphic Packaging International has agreed to acquire 100% of Australian folding carton supplier Colorpak. Under the agreed terms, Graphic Packaging would pay $0.68 per share inclusive of a fully franked dividend ...
Tags: Graphic Packaging, Folding Carton
The China-initiated Asian Infrastructure Investment Bank (AIIB), a complement to existing international financial system, was formally established Friday in Beijing and expected to start operation early next year. "The AIIB is legally ...
Tags: AIIB
Dunlop Sports Co. Ltd. of Japan has suspended its dividend and cut executive compensation after a mark down of its shares of Cleveland Golf Company Inc. caused it to report an unexpected loss for the year ended Dec. 31, 2015. Dunlop ...
Tags: Cleveland Golf Company Inc, Dunlop Sports, Sporting Good
Panasonic Corporation has acquired Hussmann Corporation, a Missouri-based manufacturer of refrigerated display cases and systems. Panasonic has signed an agreement with Hussmann Parent Inc., the Delaware-based parent of Hussmann, and ...
UK-based dairy processing company Dairy Crest has acquired the remaining 50% shares in Promovita Ingredients Limited held by Fayrefield Foods Limited for £6m cash. Promovita was established as 50:50 joint venture between Dairy Crest ...
Tags: Dairy Crest, Promovita, Agriculture
China Vanke Co. Ltd unexpectedly suspended trading on Friday afternoon, saying that it's planning to issue new shares for capital restructuring and assets acquisition, according to a statement on the Shenzhen Stock Exchange. The statement ...
Tsinghua Unigroup of mainland China announced on Dec. 11 to acquire a 24.9 percent holding in Siliconware Precision Industries Co., Ltd. (SPIL) and a 25 percent stake in ChipMOS Technologies (Bermuda) Ltd. for total cost of NT$68.8 billion ...
Tags: Tsinghua Unigroup, semiconductor, Processing Machinery
Archer Daniels Midland Company (ADM) will purchase 50% stake in Egypt-based Medsofts Group. Together, the companies will own and manage supply chain and merchandising operations of grains, oilseeds, and soft commodities. The new joint ...
New Zealand-based dairy company Fonterra Co-operative Group is selling its Australian yogurt and dairy dessert business to Parmalat Australia. In this regard, both companies entered into negotiations which resulted in signingof the ...
Perry Ellis International Inc., which distributes several golf brands and makes Nike swimwear, appointed Joe Arriola to its board. Arriola is a former member of the Perry Ellis Board, having served as a director from 2006 until 2015. ...
Tags: Perry Ellis International Inc, golf brands, Sporting Goods
A file photo of the headquarters of China Vanke in Shenzhen, Guangdong Province. [Photo: ifeng.com] China's biggest residential developer China Vanke is worrying that its shareholders are buying too much stake. Baoneng Group, a ...
Tags: Vanke, Baoneng Group, stake
The European Commission has cleared commodities trading group Trafigura's minority holding in Belgium-based zinc and lead producer Nyrstar. In November, Trafigura told the EC its minority 20.02% stake in Nyrstar -- held through its ...
Tags: Nyrstar, Zinc, lead metal
Kraig Biocraft Laboratories Inc. said it is working with "a globally recognized performance apparel manufacturer" to develop applications for its advanced spider silk based fibers, which are made by genetically engineered silk worms. The ...