Qinhuangdao Port Co. said that they are planning to raise US$800 million through an initial public offering.
Investors
Proposed SEC rule detrimental to startups, says entrepreneurs and small business advocates
Entrepreneurs said that the proposed SEC rule requiring private placement issuers to file solicitation materials with the SEC will result to startups raising less capital.
Freeport Indonesia says 5% stake to be offered to public
Freeport Indonesia has said that it will be offering the public a 5% stake in the mining company. The Indonesian subsidiary of Freeport McMoRan Copper & Gold Inc.
Scottish Equity Partners devotes GBP 70 mln for clean energy businesses
The UK venture capital company is investing GBP 70 million to fund British companies with thrust in clean energy.
Berkeley Group enters into a joint venture worth US $616 mln to build houses
The UK homebuilder enters into a joint venture with a charitable institution worth US $616 million. UK's Berkeley Group Holdings Plc agreed to enter into a joint venture with Wellcome Trust Ltd.
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China's sovereign wealth fund, CIC, is reported to be in talks with Alibaba Group. The People's Daily, China's official newspaper, reported that China Investment Corp.
Development Bank of Kazakhstan announced plans to raise US$1 billion by selling off bad loans. The Development Bank of Kazakhstan JSC announced that they plan to sell KZT151 billion or US$1 billion worth of bad loans to the Investment Fund of Kazakhstan.
Carmike Cinemas, Inc. released the details of the pricing for their previously announced initial public offering.
Mark Price, the Managing Director of Waitrose, has been appointed as Deputy Chairman of John Lewis Partnership.
British television network ITV has bought Big Talk Productions for an estimated GBP 12.5 million. In a deal estimated to be worth GBP 12. 5 million, British TV network ITV PLC has bought Big Talk Productions and its associated companies.
Fortune's Philip Elmer-DeWitt said that Apple spent US$16 billion to buy 36 million of its own shares.
TMSF said that Turk Telekoms has made a US%530 million offer for DigiTurk. Turk Telekom said that they have made a US$350 million offer to buy a 53% stake in Digiturk, a Turkish digital pay-TV operator.
US crude oil futures suffered its first loss in five weeks as concerns about the slowing Chinese economy continue to haunt the industry.
Samsung increased it investment by US$1 billion with the hope that it would compensate for the slumping smartphone growth.
