According to sources who told the Wall Street Journal, family-run Wing Hang Bank Ltd may get takeover bids from Australia & New Zealand Banking Group Ltd and United Overseas Bank Ltd of Singapore.
Corporations
1K1V presents new private equity team and Johannesburg office
One Thousand & One Voices, a private equity movement, announced the opening of its first office in Johannesberg, South Africa and its new private equity team.
Peugeot in China at divergent paths
Peugeot still is waiting on Dongfeng's investment while Chang'An Auto is all out in a venture with the French carmaker.
Bharti Telecom to pay fees as determined by the Department of Telecom
The Department of Telecom, upon the urging of the Comptroller and Auditor General, had confirmed the charges imposed on Bharti Airtel for improper spectrum use in seven areas.
Hettich plans to expand in India
Hettich's future plans include investments in research and development as well as training. Hettich, the German furniture fittings and hardware company, who has a subsidiary in India, said it would be investing about INR500 crore in the next five years.
Latest News
Beats Electronics on Friday said it had received an investment from the Carlyle Group worth USD500 million.
Existing investors gave USD 21 million equity and debt financing to Inotek Pharmaceuticals. Inotek Pharmaceuticals Corp received USD 21 million in equity and debt financing from various private equity firms.
BlackBerry sales continued to plunge even as the company seeks a USD 4.7 billion privatization deal.
A source told Bloomberg that a unit of Goldman Sachs and two Denmark-based pension funds were close to purchasing a stake in Denmark utility Dong Energy.
The South China Morning Post reported the rejection of the Alibaba IPO led to calls for market reforms in Hong Kong.
Power Assets Holdings would be exiting its units in its Hong Kong electricity business for USD 5 billion, according to sources.
HTC Corp would be selling 24.84% of its stake in Beats Electronics for USD 265 million. Taiwan-based smartphone maker HTC Corp would be selling back the 24.
Safetica Technologies launched the its data loss protection program in the Philippines. Safetica Technologies had introduced its flagship data loss protection (DLP) software in the Philippines.
The Fed Reserve's turnaround on tapering had opened better loan prospects for banks in India. IndusInd Bank is India's fourth largest private sector lender.
