Share values fall on rumors of sales of pledged stocks. Share values fell for small and midsized companies on rumors that pledged shares of specific companies were being offered for sale.
Asia/Pacific
Richter of Hungary forms JV in China
Richter partners with marketing arm to conquer Chinese market. Richter, the Hungarian drug maker has just entered into a joint venture partnership to be able to market its products better in the world's largest market, China.
Apache Partners Set Up New Fund
Apache Partners opens up to new markets with new Global Fund. The UK based investment advisors Apache Partners LLP, founded by Paul Forsyth has recently announced a new fund starting March 22, 2013.
Daimler Bearish on CIC Stake Purchase
Daimler is not to keen on the reported interest of CIC over shares of the company. German car giant Daimler is not expecting sovereign wealth fund China Investment Corp to continue with its purchase of the ten percent stake in the company.
CNOOC closes $15.1 billion acquisition of Canada's Nexen
The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday
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The Malaysian company reported net profit of 1.08 ringgit for the quarter ending on December 31. (Photo : Reuters) Asian lender CIMB Group Holdings Bhd reported that its net profit for fourth-quarter declined by 4.
Richter has said that it has formed a new joint venture with its marketing partner to improve direct presence in the Chinese pharmaceutical market.
Areva, a nuclear group in France, has said it Fennovoima might terminate the company from deals on supply for the reactor site in Japan.
CVC is seeking 44% for Mahatari after Aeon terminated its offer for the retailer. CVC Capital Partners is expected to ask equity investors to invest more for PT Matahari Department Store than a tentative bid for the retailer by Aeon Co.
Sharp Corp., the electronics giant, is set to terminate its planned capital merger with Taiwanese business partner Hon Hai to focus on a new deal with another company.
There are two investment plans, proposed by Farnair and Airsia, that will be put in consideration of India's FIPB.
There have been many foreign companies related to agriculture that are courting Malaysia for investment plans.
BGI-Shenzhen extends existing offer for common stock of Complete Genomics. BGI-Shenzhen announced that it would extend an all cash offer to purchase all outstanding shares of common stock for Complete Genomics Inc.
The following bids, mergers, acquisitions and disposals were reported on Tuesday The following bids, mergers, acquisitions and disposals were reported by 1500 GMT on Tuesday: - Capital One Financial Corp said it agreed to sell to Citigroup Inc its $7 billion portfolio of private label and co-branded credit card accounts linked to electronics retailer Best Buy Co Inc.
