The Chinese Securities Regulatory Commission will be supervising companies scheduled to hold their IPOs more strictly as it plans to hold spot checks for investor roadshows, Bloomberg reported.
China
Forbes attracts Germany's Axel Springer and other bidders -report
New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.
China-based 58.com Inc plans on acquisitions to improve services
Beijing-based 58.com Inc, a classifieds website operator that provides services similar to Craigslist, intends to acquire Chinese Internet companies to enhance its local information services, Bloomberg reported.
China CNR Corp chooses three lenders for Hong Kong share sale- sources
Train manufacturer China CNR Corp has chosen China International Capital Corp, Macquarie Group Ltd and UBS AG for its share offering in Hong Kong, according to sources interviewed by Bloomberg.
China's Bright Food agrees to acquire Australia's Mundella Foods
China-based food and beverage manufacturer Bright Food (Group) Co Ltd agreed to buy Australia-based dairy firm Mundella Foods through its Australian subsidiary, Manassen Foods, for an undisclosed amount.
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Power Assets Holdings, the firm controlled by Li Ka-shing, has reduced the initial public offering size of Hong Kong's second largest power supplier, HK Electric Investments, Bloomberg reported.
Judge Kevin Gross of the US Bankruptcy Court in Wilmington, Delaware on Friday rejected a planned sale of Fisker Automotive to Hong Kong businessman Richard Li. Gross ruled in favor a competitive bidding between Li and Chinese auto parts maker Wanxiang Group instead.
China-based automotive glass supplier Fuyao Glass Industry Co will pour in a $200-million investment to build a manufacturing facility at the former assembly plant of General Motors (GM) in Ohio, US.
Private equity firm CVC Capital Partners will invest over $200 million for a stake in Chinese education company EIC Group. CVC will buy the stake from rival investment firm Actis Capital.
International Entertainment Corp said it would be acquiring a 70% stake in Macau gambling junket operator Sun City Gaming Promotion Co for HK$7.35 billion, Bloomberg reported.
Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.
The insurance unit of Portugal's Caixa Geral de Depositos SA will be acquired by China's Fosun International Ltd in a deal worth €1 billion, Reuters reported.
The first renminbi qualified foreign institutional investor exchange traded fund or RQFII ETF listed in the London Stock Exchange was launched by Hong Kong-based CSOP Asset Management and London-based Source, Reuters reported.
Tencent Holdings Ltd, the biggest Internet firm in Asia, invested an unconfirmed amount in China-based cab booking app Didi Taxi to promote its payment service to mobile web users.
