China's iKang Goubin Healthcare is looking to launch an initial public offering, possibly in NASDAQ, next year. Before the proposed exit, iKang secured a USD100 million joint investment by Goldman Sachs & Co. and sovereign wealth fund Government of Singapore Investment Corporation.
Investors
Weaker currency weighs on Investec's profits
A weakened South African rand led to a drop in the profits of specialist bank and asset management group Investec. Profits declined 1.6% due to the diminished performance of the South African currency.
China Cinda Asset Management to raise USD2.45 billion in Hong Kong Stock Exchange listing
China Cinda Asset Management Co. Ltd. is looking to raise USD2.45 billion in an initial public offering at the Hong Kong Stock Exchange. Cinda will sell 5.3 billion shares priced at HKD3.00 to HKD3.58 per share.
Shuaa Capital mulls joint venture partner, loan to bolster growth
Chairman Sheikh Maktoum Hasher Al Maktoum said Shuaa Capital is exploring a joint venture, partial sale or bond as possible avenues to grow the company.
Changyou to acquire majority stake in Raidcall for USD50 million
Online game developer Changyou.com Ltd. announced that it will buy a 62.5% stake in social communication software provider Raidcall for USD50 million. The majority equity interest in Raidcall is currently held by Kalends Inc.
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Hutchison Whampoa Property, a subsidiary of Li Ka-shing controlled Hutchison Whampoa Ltd, sold a Victoria Peak house for USD 740 million to an unnamed buyer.
A letter to clients showed the hedge fund plans to reduce management fees and offer a new share class that would enable investors to get their money earlier.
Branded mobile content company TextPride secured USD1 million in seed funding which will be used to launch the company's mobile stickers and emojis to mobile messaging apps.
Optical retailer New Look Eyewear Inc will be buying Charlottetown-based eyewear company Vogue Optical Inc for USD74 million to become Canada's third-largest integrated optical product seller.
Resort developer Discovery World Corp dropped as much as 7.6% in its public debut. The IPO was set just barely two weeks after Typhoon Haiyan devastated the central part of the Philippines.
Chinese analytics provider Umeng confirmed its acquisition by e-commerce giant Alibaba for an undisclosed amount, following the rising trend of China-related mobile acquisitions this year.
The purchase of Baton Rouge-based Edgen Group Inc was finally completed by Japan's Sumitomo Corp and Sumitomo Corporation of America in an acquisition deal valued at USD520 million.
YST Dairy chose a lower price for its shares set to debut in Hong Kong on November 26. At HKD 2.70 per share, the pricing gave YST some wiggle room for a pop on its first trading day.
Canadian Vendetta Mining Ltd. announced that it has signed a deal with Pegmont Mines Limited to buy an undivided 100% stake in the Pegmont Lead-Zinc-Silver Property.
