Dhanlaxmi Bank to raise funds for expansion. According to its latest plan, Dhanlaxmi Bank will raise capital through the flotation of 8. 5 million shares amounting to raise Rs 200 crore with the issue.
Asia/Pacific
Qantas end ties with airline partner for Emirates
Qantas moves forward with Emirates. Qantas, the Australian airline has discontinued its partnership with its associate airlines even if the final approval for its new association with Dubai's Emirates is still awaiting confirmation.
Samsung Offer Rebuffed
Samsung's offer to purchase copier and printer unit declined by Sharp. Sharp Corp has declined an offer by Samsung Electronics to purchase its copier and printer unit.
Railway Project Stirs Investor Interest
Wenzhou Railway Project garners great interest from investors. The railway infrastructure project located at Wenzhou, Zheijang province has attracted investors from all over the world.
ARA to Increase Assets through Property Fund Boost
ARA to go on acquisitions spree to boost private equity funding. The manager of real estate trusts owned in part by billionaire Li Ka-shing is planning to double its asset portfolio in the next five years.
Latest News
Phuong Tay merges with PVFC as ordered by the Vietnamese Central Bank. In compliance with the Vietnamese central bank's goals to restructure lending institutions saddled with debt, Phuong Tay Bank is planning to merge with Petrovietnam Finance Corp.
Equity firms vie for 20% stake in Thai Life. KKR and Carlyle are among the bidders that have made offers to purchase a minority stake in Thai Life Insurance Co Ltd.
Renesas is to decide whether to sell off or continue with its mobile chip building unit. The Renesas Electronics Corp is at a crossroads for fiscal year 2013 on whether to sell its ailing mobile chip building unit or not.
Cerberus increases stake in Seibu. Cerberus Capital Management, the American private equity forum, is seeking to increase its stake in Seibu Holdings, the Japanese railway and property group.
Idemitsu gets management shakeup and plans future. The third largest refiner in Japan, Idemitsu Kosan Co is keenly interested in the acquisition of stakes in Canadian gas fields.
Air Asia continues its expansion plans in South East Asia. AirAsia's subsidiary in the Philippines has decided to purchase 49 percent of Zest Airways as their initial step in expanding their business into the Philippines.
Temasek buys stake in Evonik. Temasek Holdings, the Singapore state investor will purchase shares in the German company, Evonik Industries according to people close to one of the owners of Evonik.
Chairman of Simcere to buyout shares. A consortium led by its Chairman Jinsheng Ren has offered to buyout Simcere Pharmaceutical Group. The China based pharmaceutical firm was priced at US$9.
Sistema Shyam Teleservices wins bid in eight telecommunication zones. The Indian mobile phone subsidiary of Sistema, Sistema Shyam TeleServices has won the right to operate in eight telecommunication zones in India.
