Shunfeng Photovoltaic International said provisional liquidators of Suntech Power Holdings Co had not approved its planned acquisition of Wuxi Suntech, the main unit of Suntech which went into bankruptcy.
Hong Kong
JP Morgan backs out from China Everbright Bank IPO
The Wall Street Journal said it was highly unusual for a bank or an entity to withdraw from its role as an underwriter for an initial public offering or any similar deal, much less weeks before the deal is scheduled to begin.
CLP Holdings say it will buy stakes in two Exxon Mobil units for USD 1.8 billion
CLP Holdings said it will be purchasing stakes in Castle Peak Power Co and Hong Kong Pumped Storage Development Co for a price tag of USD 1.8 billion.
Rubikloud Technologies Inc closes seed financing round with more than USD 1 million
Li Ka-shing's Horizons Ventures, MaRS Investment Accelerator fund and private angel investors provided more than USD 1 million in seed funds for Toronto-based big data startup Rubikloud Technologies Inc.
Corporate Travel Management to buy majority stake in Westminster Travel
Australia-based Corporate Travel Management (CTM) announced that it is seeking to raise AUD53 million (USD49.6 million) to buy a 75.1% stake in travel service provider Westminster Travel.
Latest News
TPG Capital replaced Stephen Peel with Tim Dattels as co-head for Asian operations and assigns Peel to focus on TPG's interests in emerging markets beyond the region.
An article pointed out how the donation of the state of Hong Kong paled in comparison to donations and efforts by HSBC Group and KGLI Asia.
TPG Capital senior partner Tim Dattels, a former Goldman Sachs banker, is moving back to Asia to be co-head of the global private equity firm's regional operations, as current Asia head Stephen Peel steps away from day-to-day management.
A Reuters report said Huishang Bank Corp made a dull debut in Hong Kong which revealed lackluster investor appetite for China's banking sector even as more IPOs were planned by Chinese lenders.
Property developers of high-end apartments and real estate in Hong Kong were not happy about the state government's new regulations on mortgage tax and downpayments.
A recent survey conducted by Hong Kong company ChinaQFII indicated foreign investor preference in industries that would mostly deliver a return of equity with minimal risk.
Yashili closed at HKD4.45 per share, the highest since its IPO in 2010, after investors agreed to buy company shares.
Singapore investor Temasek Holdings and private equity firm Hopu were among the five investors set to buy a USD213 stake in China Mengniu Dairy Co Ltd.
Fosun International raised USD500 million from selling convertible bonds. Fosun International, the largest privately-owned conglomerate in China, managed to raise HKD3.
