Chinese tycoon Tong Jinquan would be purchasing SGD 200 million shares in Viva Industrial's SGD 375 million Singapore IPO.
Corporations
Hankook Tire invests USD 800 million for first US factory
South Korean company Hankook Tire would be investing USD 800 million to build its first tire plant in the US.
Robinsons cuts biggest IPO in the Philippines by up to a third
Philippines' Robinsons Retail Holdings Inc. had decided to cut its public offering debut price by up to a third, said a report from Reuters.
IT provider Tieto to cut more jobs
Finnish IT services provider Tieto had planned to reduce its workforce by a further 5% following last year's job reduction, said a report from Reuters.
Facebook acquires app-maker Onavo
Facebook Inc. had agreed to buy Onavo, an Israeli startup app-maker company, said a report from Reuters.
Latest News
Because of price caps and channel disruptions, the Indian drug market still is continuing its negative growth pattern.
Analysts predicted that the Bayerische Motoren Werke (BMW) AG's move to withdraw its expansion plans in South Africa could affect the country's economy.
Porsche released teaser photos of its 2014 sport utility vehicle or SUV model, the Macan. German carmaker Porsche released teaser photos of its 2014 Macan for its fans.
The 2014 Macan would be unveiled by Porsche at an auto show in Los Angeles in 37 days. Porsche would be unveiling the Macan in 37 days. The 2014 SUV model would be shown at an auto show to be held in Los Angeles.
Minnesota-based St. Jude Medical purchased California-based Nanostim Inc for a price tag of USD 123.5 million.
Philippines-based Del Monte Pacific agreed to acquire San Francisco-based Del Monte Foods Co for USD 1.68 billion.
The proposal of the Brazilian Stock Exchange to form a takeover panel has gained the support from investors and the Brazilian finance regulator.
Alibaba planned to transform with the Chinese retail industry by increasing online transactions to almost USD 490 billion.
The Wall Street Journal reported that Netflix was in early-stage talks with US cable companies to make its streaming video service available to subscribers using their set-top boxes.
