Controlling shareholders of Tiga Pilar Sejahtera Food signed an agreement that allows KKR to acquire 9.5% stake in the company.
Corporations
Management buys out TechnoMarine
The international watchmaking company was bought out by its CEO together with the management in a move to implement revitalization strategy.
“Trend following is dead,” says FX Concepts
“Trend following is dead,” said FX Concepts, expecting another year of dismal returns. "Trend following is dead because trends never really get going," John Taylor, chairman of FX Concepts, grumbled.
Philippine stock market rose due to President Aquino's SONA
PNoy's SONA gave a boost to the Philippine stock market. The fourth State-of-the-Nation Address (SONA) was recently given by Philippine President Benigno Aquino III.
Beijing Restaurant accepts lease buy out, CVS moves building of Duluth site next year
With the Beijing Restaurant accepting a lease buy out, building of CVS Pharmacy in Duluth site has been moved next year.
Latest News
It may seem that Microsoft has lost its “touch” as its Surface RT brought the company woes. Microsoft was in a dire straits recently. The company had a pretty rough week.
Ramky Enviro Engineers acquired Enviropacific, the first of targeted acquisitions in Australia. Ramky Enviro Engineers Ltd. acquired Australia's Enviropacific Services Pty Ltd.
Asia's richest man, Li Ka-shing made several investments in Europe which are now starting to pay off.
Nan Fung planned buy a stake in Forterra Trust to increase its market share. Nan Fung planned to acquire abount 30% stake in Forterra Trust. The Hong Kong property developer will pay SGD$226.
Sifca Group announced that it is pushing forward a plan that will see US$420 million invested into West Africa.
Sources stated that Extended Stay Hotels is preparing for an IPO later this year. Sources stated that Extended Stay Hotels is preparing to sell stakes in the company to the public.
BAIC Group stated that it is planning to buy assets from Fisker Automotive Inc. to enhance its own electric vehicle development.
Minnesota firms urged Gov. Mark Dayton's administration to support an idea for a fund that will support smaller Minnesota businesses.
CVC Capital announced that they've accepted up to EUR10.25 billion in investments and that a further EUR250 million was in the works to be accepted.
