Bank of Ayudhya Pcl saw its shares increased after a local newspaper reported that a financial market source said that Japan's Mitsubishi UFJ Financial Group (MUFG) proposed to buy General Electric's stake in the Thai bank for 40 baht per share.
Asia/Pacific
Mando China Holdings Halts IPO Trading
Mando China Holdings Halts IPO trading in the Hong Kong Stock Exchange citing 'adverse market conditions' and 'significant market volatility'.
InterOil discusses with Exxon on Papual New Guinea energy development
InterOil is now in discussion with Exxon as to the development of gas fields in Papua New Guinea. InterOil Corp, the liquefied natural gas producer together with its joint venture, is now in exclusive negotiations with Exxon Mobil Corp in order to develop gas fields located in Papua New Guinea.
Just Dial makes record IPO sale
Just Dial, a local search service provider, sells off US$170 million for 17.5 million shares. Just Dial, the Indian local search service firm had offered shares in the public bourse at a volume of US$170 million, The IPO was subscribed 11.
Bob Lutz and Wanxiang Tenders US$20M for Fisker Fielded
Consortium bids for Fisker at the fraction of the price. A group participated by Bob Lutz, a former Executive of General Motors Co together with the biggest parts maker in China is eyeing to acquire Fisker Automotive for US$20 million which is a percentage of the "green" car company's projected value in the last quarter of 2011, according to a report from Reuters.
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VL Automotive, a venture between Former General Motors Co. executive Bob Lutz, China's Wanxiang Group and industrialist Gilbert Villarreal, is bidding to acquire Fisker Automotive through a prepackaged bankruptcy deal.
SoftBank Corp. aims to name a security director to the board of Sprint Nextel once it becomes successful in its proposed takeover bid.
According to a Reuters report, Alinta is drafting a plan for a US$1 billion debt issue for its TLB debt.
As confirmed by Sony CEO Kazuo Hirai, the proposal put forth by Daniel Loeb of Third Point LLC would be reviewed on its merits.
Softbank is now undertaking a review of solar power plant projects on Hokkaido island. The Kyodo News agency reported that Softbank Corp is reviewing solar power projects that it is planning to build at the northernmost island of Japan.
Goldman Sachs is in the process of selling off all of its ICBC shares in the Hong Kong bourse. Goldman Sachs is now in the process of selling its shares in the Hong Kong bourse.
PICC to offer IPO in both Shanghai and Hong Kong bourses. The state controlled insurance firm PICC Property and Casualty Co Ltd announced last Monday that is preparing for a planned right issue of shares in both Shanghai and Hong Kong bourses.
Pactera Technology received a letter of intent from Blackstone and Pactera management officers to bid for the firm.
Danone to put up joint venture with Mengniu Dairy. Owner of renowned Evian water and Activia yogurt, Danone, will be spending approximately EUR325 million or US$417 million to put up a joint venture with Mengniu of China.
