Moody's Investors Services advised IOI Corp Bhd about the financial implications of its planned acquisition of a 39.55% stake in Unico-Desa Plantation Bhd.
Asia/Pacific
Rivals Com2us, Gamevil consolidates in a USD65 million deal
A Techcrunch report talked about the necessity of top mobile gaming companies and rivals Gamevil and Com2uS consolidating into one gaming empire.
Country garden stops trading after insider information report
Country Garden Holdings Co. had suspended its share trading on the Hong Kong Stock Exchange after the Hong Kong Economic Journal said that the company had leaked home subscription data through a staff memo.
IOC bids for Haldia Petrochemicals stake- sources
As of 11 a.m. on Monday, the Indian Oil Corp was the only bidder left for the 31% stake of Haldia Petrochemicals, said sources.
Bloomberg: China Resoures looking to sell Hong Kong meat unit
China Resources, a state backed conglomerate, had been studying its options including a possible sale for its Hong Kong meat distribution unit, said a report from Bloomberg News.
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Allied Blenders & Distillers would pay INR300 crore for the purchase of Sentini Bioproducts. Allied Blenders & Distillers, the Kishore Chahbria backed winemaker, had been in discussions with Sentini Bioproducts for the purchase of the latter's blending and bottling unit.
A regulatory filing showed Sharp would be selling stocks at a discount to raise JPY 137 billion. Japan-based company Sharp Corp would be selling stocks at a discounted price to gather JPY 137 billion or USD 1.
US multinational firms said the Obama administration should not rush to finalize its proposed Trans-Pacific Partnership (TPP).
JSW Steel's acquisition would be consummated 'only after obtaining all relevant approvals required under applicable laws' according to the filings done at the BSE.
The plan to bid for 900 Mhz band for telecommunications would be done and a business case is to be presented by Deloitte.
Apollo Tyres Ltd and Cooper Tire & Rubber Co could not seem to agree on the initial price of its buyout deal.
HTC, due to Apple and Samsung dominance and the proliferation of cheap smartphones from China, saw its market share decline to just 2.8%.
After the end of Bank of Korea's governor term, the central bank would need a new head that has strong global focus and a firm grip on international economics, said a presidential adviser.
The recent remarks made by officials of both Bharti and Walmart indicate issues between the two. Walmart Stores Asia head Scott Price, contrary to previous reports, said a conversion of the current franchisee agreement with Bharti Retail into a joint venture is 'not tenable'.
