China-based construction equipment manufacturer Zoomlion Heavy Industry Science & Technology Co has bought Germany-based dry mortar equipment producer M-Tec, according to a statement on the company's website.
Asia/Pacific
Venture capital firms pour money into India's niche e-commerce companies
Venture capital firms have supported niche e-commerce firms in India like CarDekho.com and Lenskart because they are profitable but require less capital, The Financial Express reported.
Indian regulator says IPO ads must contain needed disclosures
UK Sinha, Chairman of Securities and Exchange Board of India or Sebi, said firms can be creative in their advertisements to attract investors to their IPOs but they must contain all required disclosures.
Japan's Softbank to tap US bond market to fund T-Mobile acquisition -report
Japan's Softbank Corp is likely to tap the US bond market to fund the $20 billion acquisition of US wireless carrier T-Mobile, according to a report by the Nikkei business daily.
Internet cafes are collateral damage in China's quest to go online- report
The number of internet cafés in China has decreased, a collateral damage to China's bid to go online as smartphones and tablet devices grow in popularity, a Financial Times report said.
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High-profile Chinese multimillionaire Chen Guangbiao said he plans to invest in the green energy industry of Taiwan next year, and to tap into the country's solar energy market.
The Fair Trade Commission of Taiwan slapped a TW$20 million fine on Apple Inc for violating the country's fair trade laws when it restricted the prices of local telecom carriers for iPhone contracts.
Toshiba Corp is presently still in talks to buy a 50% stake in Britain-based NuGen nuclear consortium although the involved parties have yet to reach a deal, according to Toshiba Chief Executive Officer Hisao Tanaka.
Shares of NH Investment & Securities Co gained the most in more than three years after Woori Finance Holdings said its parent company NH Financial Group Inc was the frontrunner to purchase the Woori Investment & Securities Co.
Moody's Investors Service says that the announcement on 24 December by Woori Finance Holdings Co., Ltd. (WFH) that NongHyup Financial Group Inc. (NH FG) is the preferred bidder to acquire Woori Investment & Securities Co Ltd
Singapore's sovereign wealth fund GIC was named as British Land's new partner in London's Broadgate office and retail complex on Tuesday, buying out U.S. private equity group Blackstone for around 1.7 billion pounds.
India-based supermarket operator is thinking of holding an initial public offering when the privately-held chain will draw near its first profit, a Bloomberg report said.
Asian markets took cheer on Tuesday after Wall Street rang up more records and upbeat U.S. spending data burnished the outlook for the global economy, with Japan's Nikkei hitting a 2013 high after Tokyo markets opened after a holiday.
Indonesia announced on Tuesday it will allow increased levels of foreign investment in the country's airports, power plants, toll roads, and pharmaceutical industries as part of government efforts to boost the slowing economy.
