Borosil Glass Works has entered primary pharma glass packaging business with the acquisition of 60.3% stake in India-based Klasspack. However, financial terms of the deal were not disclosed. For the ownership stake acquisition in ...
South Korean electronics giant Samsung has acquired a 2% stake in Chinese electric vehicle maker BYD for $455m. This move is being seen as an attempt by the South Korean firm to foray into automotive industry. Many technology ...
Tags: Electric Vehicle, BYD, Samsung
Philippines-based beverage maker Asia Brewery has entered into an agreement with Dutch beer producer Heineken International to brew Heineken brands in Philippines. The financial terms of the deal have not been disclosed. The partnership ...
Tags: beverage, Asia Brewery, Heineken
Tesla Motors said it will sell about $1.7bn of common stock to fund the production of the newly announced Model 3 car, which is scheduled to hit the market in late 2017. The Model 3 achieves 215 miles of range per charge while starting at ...
Tags: Tesla Motors, Model 3 car
Marketing technology company Primary Opinion has acquired 48% stake in Australian food company Maggi Beer Products for $15m. The stake sale comes after the food producer Maggi Beer cancelled its plans to issue a public offer. Of the ...
Tags: Primary Opinion, Maggi Beer
US Foods Holding Corp plans to go for initial public offering of its shares to raise $100m, a move that comes after Sysco Corp failed to acquire it. In its filing with the US Securities and Exchange Commission, US Foods did not state the ...
Tags: US Foods, food service
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 ...
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
LG Display announced on Thursday it will be investing 1.05 trillion won (US $908 million) to construct a new OLED display plant, reporte Reuters. In the company’s regulatory filing, the project will start sometime in third quarter ...
Tags: LG Display, OLED screens
Affinia Group has inked a definitive merger pact to sell its global filtration operations to Germany-based Mann+Hummel, exclusive of its South America business. Though Mann + Hummel remained tightlipped about the terms, a regulatory ...
Tags: automobile manufacture, Affinia Group, comapny acquisition
Samsung's earnings in Q4 rebound from the prior quarter on brisk chip sales and reduced marking costs, a regulatory filing showed Thursday. Samsung Group is reorganizing its business empire to make it easier for the children of Samsung ...
Tags: Samsung, Mobile Chip
South Korea's Hyundai Green Food has pulled out of negotiations to acquire kimchi refrigerator maker WiniaMando. The company, which operates as a food service company, said in a regulatory filing that the decision to pull out of the talks ...
Tags: Hyundai, Green Food, kimchi refrigerator
South Korea's state-owned Korea Gas Corp said Friday it had sold 5% of its stake in LNG Canada to Shell as part of efforts to reduce its debts. "Kogas' subsidiary Kogas Canada LNG Ltd. has transferred 5% of its stake in LNG Canada to ...
Tags: Gas, LNG Canada
Samsung Electro-Mechanics said on April 22 in a regulatory filing that it would acquire assets of Samsung Fine Chemicals producing ceramic powders, the source material for multi-layer ceramic capacitorsThe main differences between ceramic ...
Tags: Samsung, ceramic powders
Hillshire Brands, a US-based food company, plans to close its manufacturing facility in Florence, Alabama, a move which will result in about 1,100 job cuts. In a regulatory filing, the company said that continuing operations at the plant ...
Tags: Hillshire Brands, food company