The mystery lender who financed Thai billionaire Dhanin Chearavanont's $9.4 billion acquisition of HSBC's 15.6 stake in Ping An Insurance Group Co.,China's second largest insurer, had been named.
Asia/Pacific
SM Investments Corp Mulling Intra Corp Merger
SM Investments Corp would merge SM Prime Holdings, SM Development Corp, Highlands Prime Inc and Belle Corp.
HSBC Plc's Life Insurance Unit For Sale
Two global insurers are in the running to purchase HSBC Plc's life insurance unit in India. Manulife Financial Corp of Canada and its Indian afflilate Standard Life Plc are among the bidders for the HSBC Plc's Indian life insurance unit.
Agrium sweeps board seats as Jana calls for investigation
Canadian fertilizer company Agrium Inc defended the election of its entire slate of directors to the 12-man board as hedge fund Jana, Agrium’s biggest single shareholder, called for an investigation of the vote.
Bank of Shanghai IPO Being Prepared
The Bank of Shanghai is preparing a US $2 billion offering in Hong Kong and Shanghai bourses. The Bank of Shanghai is planning to seek US$2 billion in an IPO in Hong Kong.
Latest News
Sundance Resources has terminated the bid agreement with Sichuan Hanlong Group for its failure to meet bid preconditions.
Toro Energy open to investors in Asia and nuclear utilities for Wiluna uranium mine. Toro Energy Ltd is one of the leading uranium explorers in the world.
The CP Group will use revenues from Ping An acquisition to grow in China. CP Group of Thailand head had confirmed that its earnings from the Ping An transaction would be reinvested in China.
KKR is going to purchase the Alliance Tire Group through a leveraged buyout of US$650 million cash and US$125 million in debt.
Dalian Wanda Group would be acquiring European movie theater chain. The Dalian Wanda Group of China is now discussing the acquisition of a Europe based chain of movie theaters.
Mitsubishi UFJ Finance Group is in discussion to acquire US commercial property loans from Deutsche Bank.
AB InBev is planning of boosting capital outlays in China, acquiring breweries and expanding markets.
North Korea's threats have made the financial market slightly wary, and investors exposed to South Korean stocks and bonds are seeking protection.
With new reports of avian flu outbreaks, the fragile Chinese economic recovery is now under fire. A couple of cities in mainland China have stopped the conduct of poultry sales and slaughtered livestock after reports of the H7N9 strain of avian infulenza abound.
