Praesidian Capital invested in Meheen Manufacturing through a first lien debt worth USD 11.25 million.
Industrials
Shenzhen economic zone fails to lure HK property developers
Land auction for the economic zone in Shenzhen failed to draw property developers from Hong Kong. Despite the hype that accompanied the economic zone development in Shenzhen, Hong Kong property tycoons were not lured to bid in the recently-completed land auction.
Possible rebidding of LRT-1 with revised project terms: DOTC
The Philippine Department of Transportation and Communications said it is eyeing the possibility of rebidding the LRT-1 Cavite extension project under revised terms.
China Resources Land bags Shenzhen commercial site with USD 1.8 billion bid
China Resources Land Ltd bagged the right to buy a commercial site in Shenzhen for USD 1.8 billion. China Resources Land Ltd won the right to buy a commercial site in Shenzhen.
Formosa Plastics closes $1billion dollar Australian iron ore project
Formosa Plastics Group invests USD1 billion in Fortescue Metals Group's iron ore project. Formosa Plastics Group of Taiwan has agreed to buy one third of an iron ore project from Fortescue Metals Group and China's Baoshan Iron and Steel for a USD1.
Latest News
Ivanhoé Cambridge announced it would buy a 50% stake in Place Ville Marie for more than USD 400 million.
Eike Batista sold his shares in LLX Logistica to EIG Global Energy Partners for USD 562 million. Brazilian businessman Eike Batista ceded control of LLX Logística to EIG Global Energy Partners.
Carey Watermark Investors bought Raleigh Marriott City Center from Interstate Hotels & Resorts for USD 89 million.
India's INS Sindhurakshak exploded in Mumbai, killing up to 18 sailors trapped inside. India's Russian-made naval submarine exploded while moored in Mumbai.
India's biggest producer Tata Steel is looking for a comeback with a 30% rise in share price this year, prompting an industry observer to suggest that investors sell their Tata stake now.
Sources said ThyssenKrupp was considering the sale of its plant in Arizona as its Steel Americas sale stalled.
Triton Fund announced that it would acquire Alpine Energie from FCC. The Triton Fund announced that it had agreed to purchase Alpine Energie from Fomento de Construcciones y Contratas SA (FCC).
Encision Inc named Dr. Patrick Pace as its new non-executive Chairman of the Board. Encision Inc announced that Dr. Patrick Pace will be the non-executive Chairman of the Board.
PAL Holdings Inc assistant corporate secretary announced that the joint venture of Philippine Airlines with a Cambodian firm would be finalized this October.
