Three banks have offered a bridge loan for the acquisition of Singapore's Overseas-Chinese Banking Corp Ltd. over Wing Hang Bank, reported Reuters citing sources familiar with the matter.
Asia/Pacific
Brookfield Asset Management to acquire 100% holdings in Unitech Corporate Parks
A source told ET that Brookfield Asset Management intends to acquire a 100 percent stake in Unitech Corporate Parks.
Billionaire Henry Sy to expand shopping centers in China
Billionaire and shopping mall mogul Henry Sy would expand his foothold in China with new shopping malls in Yangzhou and Changzhou, reported Bloomberg.
Dubai's sovereign wealth fund acquires stake in Kerzner International
Dubai's sovereign wealth fund, Investment Corp of Dubai, has bought a stake in Kerzner International but did not disclose information regarding the terms of the deal, reported Reuters.
Family Mart Co Ltd to exit South Korean market through IPO
Family Mart Co Ltd has planned to leave the South Korean market through an initial public offering, said a report from Reuters.
Latest News
US smartphone giant Apple Inc. had been in discussion with Renesas Electronics to buy a controlling stake in the company, according to a source familiar with the matter said a Reuters report.
Moscow, Russia-based mobile payments startup 2can landed $5 million in a Series B funding round led by InVenture Partners to integrate its service with banks in the country.
Philippine crowdfunding site Medifund turns non-profit to help medical students finish their studies
Philippines-based crowdfunding site Medifund turned non-profit to help students in developing countries pay for the cost of their schooling and to encourage more women to enter the medical profession.
Three people told Reuters that employees already approached Chief Executive Officer Mark Karpeles in 2012 about how the bitcoin exchange was protecting the money of its clients.
Private equity firm Agribusiness invested INR75 crore in Bangalore, India-based nutraceutical and pharmaceutical ingredients supplier Beloorbayir Biotech for the latter's product development and international expansion.
Alibaba Group Holding, through its unit, will be buying a stake and subscribing to convertible bond shares in Intime Retail Group Co, a department store operator, Bloomberg reported.
BlackRock adds list to investors in warning of environmental dangers to Great Barrier Reef ecosystem
BlackRock, the world's biggest fund manager, has joined the growing list of investors that have warned against the risks faced by the Great Barrier Reef, Bloomberg News reported.
Chennai, India-based non-banking finance firm IFMR Capital bagged $29 million in funding from specialist investor LeapFrog Investment's second investment fund for its product and service expansion.
Indonesia-born and New York, US-based fashion startup Project Shoe lets women personally customize their shoes using its e-commerce platform and have the order shipped anywhere for free.
