Korea M&A Corporation

HONG KONG — Singapore Airlines was rebuffed Tuesday in an effort to take a stake in China Eastern Airlines in a move that could remake the shape of China’s aviation industry with the possible emergence of one dominant Chinese carrier. A decision by minority shareholders of China Eastern to reject a tie-up with Singapore Airlines and a Singapore government investor has set the stage for an unusua..

SOUTH Korea's largest retailer Lotte Shopping Co plans to acquire a stake in a Chinese discount-store chain to expand its presence on the Chinese mainland, the Seoul-listed company said in a regulatory filing yesterday. Lotte agreed to buy a 49-percent stake in CTA Makro, which now operates five discount stores in Beijing and two in Tianjin, from SHV Holdings NV for 57.6 million euros (US$82.90 ..

Jakarta (ANTARA News) - PT Bank Nusantara Parahyangan said Japan's Mitsubishi UFJ Financial Group Inc and Acom Co Ltd are proposing to acquire a 75.41 pct stake in the company and will later make a tender offer for the remaining shares. In a published prospectus, Bank Nusantara said it has already signed a sales and purchase agreement with UFJ and Acom on Nov 27. No financial details were provid..

GlaxoSmithKline (GSK) and OncoMed Pharmaceuticals (OncoMed) today announced a worldwide strategic alliance to discover, develop and market novel antibody therapeutics to target cancer stem cells which are believed to play a key role in the establishment, metastasis and recurrence of cancer. The alliance with GSK will be conducted through its Center of Excellencefor External Drug Discovery (CEEDD..

South Korea's Eugene Group on Monday said it would pay Won1,950bn ($2,111bn) to take over Himart, the country's largest electronics retailer, after beating rival bidders including CCMP, TPG and MBK Partners. The deal means that the sellers - a consortium led by Affinity Equity Partners - will more than double the amount they invested in April 2005. Eugene Group, a conglomerate with logistics, fi..

Eisai said this morning that it’s dropping $3.9 billion in cash to pick up MGI Pharma, a Minnesota-based company that sells cancer drugs. Consider the deal a parachute for the company to wear when it falls off the patent cliff in 2010, as its biggest selling drug, the Alzheimer’s medicine Aricept, loses patent protection. The Japanese drug business has been struggling — prompting the nation’s he..

Dec. 3 (Bloomberg) -- SK Telecom Co., South Korea's biggest mobile-phone operator, agreed to buy control of broadband-access provider Hanarotelecom Inc. for 1.09 trillion won ($1.18 billion) to expand its Internet business and challenge KT Corp. SK Telecom will acquire 91.4 million shares for 11,900 won each, increasing its stake in Hanaro to 44 percent, the Seoul- based company said in a filing..

Vivendi is to take control of Activision of the US through an alliance that would create the world's biggest video games publisher and bring the hit titles World of Warcraft, Guitar Hero and Call of Duty under one corporate roof. The French group, whose activities span recorded music, pay-TV and mobile telephony, said yesterday that it planned to merge its Vivendi Games unit with Activision, a N..

Citigroup Inc. expects profit from its Taiwan operations to grow in 2008, following its US$427 million acquisition of the Bank of Overseas Chinese, an official said Saturday. Citigroup, the most profitable foreign bank in Taiwan, posted a pretax profit of NT$10.32 billion (US$320 million; euro215 million) during the three quarters ending Sept. 30, according to data on the Financial Supervisory C..

China COSCO Holdings Company Limited (SEHK: 1919) announced a private placement of 1,300 million A shares to no more than ten designated investors including its parent China Ocean Shipping (Group) Co. on September 3, 2007. The company will issue 864,270,817 shares at CNY 18.49 per share to China Ocean Shipping (Group) Co. for gross proceeds of CNY 15,980.367 million in its first tranche. The com..

China's Shenzhen Development Bank has agreed to sell a 4.218 billion yuan ($570 million) - BEIJING, Dec 2 - China's Shenzhen Development Bank has agreed to sell a 4.218 billion yuan ($570 million) stake to Baosteel Group, the lender said in a filing to the Shenzhen Stock Exchange. The private placement would consist of 120 million shares set at a price of 35.15 yuan per share. That compares with..

China Finance Online Co. Ltd. said Wednesday it has completed its $3 million acquisition of an 85 percent stake in Hong Kong securities brokerage firm Daily Growth Investment Co. Ltd. Shares of China Finance Online, an online financial data provider, spiked $2.46, or 14.5 percent, to $19.45 in morning trading. The stock has traded between $3.95 and $47.68 during the past 52 weeks. Under the acqu..

SEOUL (Reuters) - American International Group (AIG.N: Quote, Profile, Research) is interested in expanding into consumer finance in South Korea and may buy Korean companies to grow its businesses, the head of its Korean life insurance unit said on Thursday. AIG, the world's largest insurer by market capitalization, runs life and non-life insurance, investment and real estate operations in South..

TOKYO (AP) — Japan Tobacco and Nissin Food Products are buying scandal-ridden Katokichi in a deal worth nearly $1 billion that will create Japan's biggest frozen food maker, the companies said Thursday. Japan Tobacco Inc., the world's third-largest tobacco company by sales volume, is hoping to branch out into other sources of revenue — such as food and pharmaceuticals — as the number of smokers ..

SHENZHEN, Nov 15, 2007 (SinoCast via COMTEX) -- BELLF | charts | news | PowerRating -- Belle International Holdings Ltd. (BIHL, SEHK: 1880), the largest retailer of ladies footwear in China, is to purchase five subsidiaries of Jiangsu Senda Group Co., Ltd. (JSG) with a total of CNY 1.6 billion, said a BIHL executive on November 13, 2007. New Belle Footwear (Shenzhen) Co., Ltd., a wholly-owned su..

This is made for helping the company which is preparing for public listing in Hong Kong stock exchange. Section I: Benefits of Listing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Section II: Why Listing in Hong Kong . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Section III: Salient Features of the Main Board Listing Rules and the GEM ..

In what ways are H-share companies different from red chips? “H-share companies” refer to state-owned Chinese enterprises with its shares listed in Hong Kong. H-share companies are companies incorporated in the People's Republic of China and approved by the China Securities Regulatory Commission for a listing in Hong Kong. Shares in these companies are listed on the Stock Exchange, subscribed fo..

Nation’s Largest Bank Close to Taking Over Hannuri Securities for 280 Billion Won By Na Jeong-ju Staff Reporter Kookmin Bank has agreed to buy Hannuri Investment & Securities, a small brokerage firm based in Seoul, for some 280 billion won ($309 million) with its largest shareholder, J.D.K Investment Corp. of the United States, sources close to the deal said Monday. Kookmin will take over the in..

SEOUL, South Korea: South Korea's Samsung Electronics Co. said Wednesday it has purchased an Israeli developer of image sensors in its first acquisition in over a decade. Samsung bought Tel Aviv-based and privately held TransChip Israel Ltd. and turned it into one of its research and development centers, said Samsung spokeswoman Lee Eun-hee. The purchase took effect Oct. 1, she said. The Korea E..

GCA Holdings Corp. shares surged as much as 17 percent, the stock's daily allowable gain, after the investment-advisory firm said it will acquire a U.S. company. The shares rose as much as 100,000 yen to 694,000 and finished the morning trading session on the Tokyo Stock Exchange at 663,000. Tokyo-based GCA, the second-ranked Japanese adviser on mergers this year, will acquire closely held Savvi..

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HONG KONG: WEBSUMMARY: Grand China Air to sell shares for fleet growth It will join other carriers in expansion race Grand China Airlines, part-owned by the U.S. financier George Soros, said it may raise more than 5 billion yuan, or $645.8 million, in a Hong Kong stock sale this year, as it seeks funds to expand its fleet. "We are actively preparing for the sale, aiming to make it happen this ye..

SEOUL, South Korea -- In a sign that South Korea's booming shipbuilders are diversifying, STX Shipbuilding Co. said it bought 39.2% of Aker Yards ASA, a Norwegian builder specializing in cruise ships, for $800 million. For STX Shipbuilding, South Korea's fifth-largest shipbuilder by volume of orders, the investment provides a foothold in the high-margin cruise-ship market -- a segment that has b..

Sinobiomed Inc. ("Sinobiomed", or "the Company") (OTCBB: SOBM) is pleased to update on the acquisition, by its 82% owned subsidiary, Shanghai Wanxing Bio-pharmaceuticals Co., Ltd. ("Shanghai Wanxing"), of Suzhou Boai Medical Development Co., Ltd. ("Suzhou Boai"). On August 26, 2007, the equity owners of Suzhou Boai holding 90% of the equity of Suzhou Boai formally transferred their equity owners..

American Oriental Bioengineering, Inc. (NYSE:AOB), a leading manufacturer and distributor of plant-based pharmaceutical and nutraceutical products, announced Thursday that it has completed the acquisition of Guangxi Boke Pharmaceutical Company Limited. The all-cash acquisition, valued at US$36.5 million, was expected by the company to be immediately accretive to earnings. Based in Nanning, Guang..

NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- Sixty-seven venture-backed mergers and acquisitions were completed in the third quarter of 2007, 34 of which had disclosed values totaling $7.7 billion, according to the Exit Poll report by Thomson Financial and the National Venture Capital Association (NVCA). This dollar volume represents a 104 percent increase from the same quarter last year when 41 d..

When Park Hyeon-joo, chairman of Mirae Asset Financial Group, introduced South Korea's first retail mutual fund in December 1998, the country was mired in the Asian financial crisis. Only a year had passed since the government had agreed to bring strict discipline to its financial sector and rein in profligate industrial conglomerates, in return for a multibillion-dollar bailout from the Interna..

TOKYO, Sept 28 (Reuters) - Mitsui Fudosan Co (8801.T: Quote, Profile, Research) said on Friday it would buy a 33.16 percent stake in Imperial Hotel Ltd (9708.T: Quote, Profile, Research) for 86.2 billion yen ($748.2 million), fuelling further competition in the Tokyo hotel market. Mitsui Fudosan will buy 9.85 million shares of Imperial Hotel, Japan's fifth-largest domestic hotel chain operator, ..

TOKYO JAPAN, September 26, 2007 ----- TDK Corporation (TDK) announced that today it concluded an agreement with Alps Electric Co., Ltd. (Alps) regarding the transfer of Alps' equipment and intellectual property rights such as patents and know-how concerning its HDD head business. The agreement was approved by both companies' boards of directors and is the culmination of negotiations following a ..

Sydney, Sep 24, 2007 (RWE via COMTEX) -- AXAPF | charts | news | PowerRating -- (RWE Australian Business News) AXA Asia Pacific Holdings Ltd (ASX:AXA) and its Malaysian joint venture partner, AFFIN Holdings, have been granted approval from Bank Negara Malaysia to start negotiations with a view to the possible acquisition of Malaysian Assurance Alliance Berhad (MAA). This approval is required to ..