San Miguel Corp. President Ramon Ang said on Tuesday that it had been in talks with JG Summit Holdings Inc to sell a part of a stake it owns in Manila Electric Co.
Asia/Pacific
HotelQuickly raises HKD9 million in Series A funding round
Hotel booking startup HotelQuickly said on Tuesday that it had raised HKD9 million or USD1.16 million in its recent funding round that would go to developing its app and company expansion.
Alibaba looks to NY listing after HK IPO talks fail with regulators - report
A Reuters report cited two company sources who said Alibaba Group Holding Ltd would be going for a New York listing as plans for a Hong Kong initial public offering failed.
Alibaba buys Kanbox, China's Dropbox
Chinese e-commerce giant Alibaba Group recently acquired similar Dropbox service Kanbox for an undisclosed amount.
China's Cofco lists its commercial property business in HKD14.2 billion reverse takeover
Chinese conglomerate Cofco listed its 12 properties across China as part of its HKD14.2 billion or USD1.8 billion reverse takeover with subsidiary the Hong Kong Parkview Group.
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Applied Materials and Tokyo Electron signed a definitive agreement to merge and create a new firm valued at USD 29 billion.
Coates Hire undertook a revised loan agreement with its existing lenders. Coates Hire Ltd, owned by Carlyle Group and Seven Group Holdings, would be undertaking an "amend and extend" loan with its existing lenders.
Xinyi Glass announced plans to spin off Xinyi Solar Holdings and list it in the Hong Kong market. China-based Xinyi Glass Holdings Ltd announced its intention to spin off Xinyi Solar Holdings Ltd and list the business in the Hong Kong bourse.
A unit of China Investment Co, Chengdong Investment Corp, converted its Uralkali bond purchase to stock.
Boeing may well be the winner of the KRW 8.3 trillion or USD 7.7 billion South Korea fighter jet tender, a source told Reuters.
According to two unidentified sources, China would be opening its Internet portals to Facebook and other websites in the free trade zone in Shanghai.
Zafrul Aziz, Maybank's investment banking chief, submitted his resignation and would be joining CIMB Group Holdings Bhd, according to a Bloomberg report.
KKR & Co LP returned to China in a three way collaboration with CDH Investments and China's Modern Dairy Holdings.
Yongye International, Inc had announced today that they have entered in a merger agreement with Full Alliance International Limited at USD6.69 per share.
