The government of Taiwan has encouraged state-run Mega Financial to consider the possibility of merging with Chang Hwa Bank amidst difficulties in the banking sector.
Asia/Pacific
Report cites reasons to invest in small and mid-cap equity funds in India
For Indian investors comfortable with the risks of investing in small and mid-cap stocks, a report from The Economic Times gives reasons why now would be a good time to invest in this segment.
Chinese game developer Giant Interactive receives USD2.82 privatization bid
Chinese billionaire Yuzhu Shi and a Baring Private Equity Asia affiliate sought to take Giant Interactive Group Inc. private for USD11.75 per American Depositary Share (ADS). The consortium values the Chinese online game developer at USD2.82 billion.
Chinese milk producer YuanShengT set to fall in Hong Kong debut
YuanShengTai Dairy Farm, China's fourth biggest raw milk producer, is set to fall on its Hong Kong trading debut on Tuesday, after raising $425 million in the second initial public offering by a dairy company in the city in two months.
Top deals of the day - bids, mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
Latest News
PSA Peugeot Citroen Chief Executive Officer Philippe Varin reportedly wants to tap the former chief operating officer of Renault SA to replace him as he steps down next year.
The Japanese government is set to launch the Cool Japan Fund which aims to use USD1 billion of public funds to boost the exports of certain foods, drinks, fashion, animated movies, and other products.
Blackstone Group, the second biggest realty firm in India, may soon replace DLF as the top real estate developer with its series of acquisitions in the country.
The Malaysian consortium made up of Sime Darby Property, SP Setia Bhd and the Employees Provident Fund, have secured GBP790 million in syndicated funding to acquire the Battersea Power Station in the United Kingdom.
The move of former Shenzhen Development Bank Chairman Xiao Suining to a private equity company was not very common among top Chinese bankers, according to a report from the South China Morning Post.
Malaysia's Seven Convenience Bhd. has postponed its planned initial public offering until March next year. The 7-Eleven convenience store chain, which filed for an IPO in September, is expected to sell 530.3 million shares in Bursa Malaysia.
Despite receiving backlash from short sellers who claimed that they misstate their assets, there is no stopping to Chinese companies who pursued initial public offerings in the US.
James Rosenwald III's Dalton Greater China Fund has outperformed peers with a 25% return this year. This was according to an investor newsletter seen by Bloomberg.
Japan's Fast Retailing Co. is planning a secondary public offering in the Hong Kong Stock Exchange next year. If successful, the Tokyo-listed retail holding company would become the third Japanese company to list in Hong Kong.
