Beijing Enterprises Water raised USD 145 million from selling shares to its controlling shareholder Beijing Enterprises Environmental Construction.
Industrials
Joint venture for freezer cargo logistics formed
Preferred Freezer Services, Sinotrans Ltd, Yang Ming Marine Transport Corp and Yida Group form joint venture.
Russia-China Investment Fund to acquire forests products group
The Russia China Investment Fund acquired the Russian Forest Products Group. The Russia-China Investment Fund had announced the completion of an acquisition of an approximately 42% stake in RFP Group, a leading forestry holding firm in the Far Eastern region of Russia.
Ghana to receive first Deere-DuPont-Buffett Foundation grant
The partnership of Deere Co., DuPont Co., and the Howard G. Buffett Foundation would undergo its first project in Ghana's cocoa production region.
Hyundai Steel to make Hyundai Motor as its captive customer
The takeover of the Hysco businss ensures steady supply of steel for Hyundai Motor Corp. Parent company Hyundai Steel Co had laid out plans to take over the core business of its subsidiary Hyundai Hysco Co.
Latest News
The Singapore Stock Exchange had questioned the authority of Asiasons Capital to issue new shares for the acquisition of a stake in a US oil and gas company.
The shares of Australian building materials maker Boral Ltd had surged after the announcement of a joint venture with US peer USG Corp valued at USD1.6 billion.
State oil company PDVSA and Spain's Repsol had been in talks regarding a venture funding in Venezuela, said a report from Reuters.
Australia's Boral Ltd and US peer USG Corp had announced a joint venture which would be equally owned by 50% of each company, said the companies in a statement.
Family owned natural gas exploration and production firm Rice Energy had been preparing for an IPO to be launched early 2014, said sources that were familiar with the matter.
The recent privatization of Royal Mail creates an 'equity culture' in the UK. The strong demand for Royal Mail shares could become the watershed moment where retail investors return to share sales.
Luiz Carneiro was fired as chief executive of his OGX Petroleo e Gas Participacoes SA by Eike Batista, whose commodity group owned the oil and gas company.
The Aluminum Corporation of China Ltd or Chalco had announced the sale of its shareholdings in the Guinea venture with Rio Tinto.
ICIG purchases Clariant AG unit focused on detergent and other intermediate chemicals. The plan of Clariant CEO Hariolf Kottmann of focusing the Swiss company to high yield markets would be one step closer to realization.
