Australia's Sundance Resources says that Hanlong would not be able to meet the deadline to show credit approval for its takeover offer.
Investors
Kerzner Finalizes Debt Restructuring Deal
The owners of the Atlantis in Dubai resorts have finalized a debt restructuring deal. In an announcement, Kerzner International Hotels Ltd has completed a deal to restructure its US$145 million debt.
Doha Bank Says Rights Issue Oversubscribed
Doha Bank releases two part issue to increase capitalization. Qatar's fifth largest lending institution in terms of market value has announced that its issue valued at QAR1.
LDK Solar Sells More Shares to Fulai
LDK transfers more shares under a purchase agreement with Fulai. LDK Solar Co's share values has declined nearly three fourths since 2012 and has now sold additional shares to Fulai Investments at discounted rate of 30% of value from last month.
Warren Buffet to Become Major Goldman Sachs Shareholder
Warren Buffet, an American businessman, will become one of the ten largest shareholders in Goldman following a deal he signed with the bank to exchange his profits on warrants for stock.
Latest News
Great Britain's search and rescue helicopter services will be sold to United States-based Bristow Group for 1.6 billion pounds.
SBM Offshore, along with its partners, has signed a $3.5 billion contract from Brazilian oil firm Petrobras to construct two oil platforms.
CVC Capital partners would be selling off its shareholdings in the Belgian Postal Service or Bpost. CVC Capital Partners, the private equity group, is now preparing to sell to the market twenty five to thirty percent of the Belgian Postal Service.
KKR has agreed to sell to Temp Holdings its interest over Intelligence Holdings. KKR & Co has entered into an agreement to sell Intelligence Holdings for 68 billion yen or US$721 million.
Armada Hoffler Properties Inc. is planning to raise $201.3 million from IPO as it hopes to become an REIT.
Armada Hoffler Properties has filed documentation to lead the way to an IPO. Armada Hoffler Properties Inc, the US real estate company, has filed with regulators to raise nearly US$201.
Shell says China approves a product-sharing contract for the share gas block in Sichuan. Royal Dutch Shell has received approval from China for a production-sharing contract for the Fushun shale gas block in the southwestern province of Sichuan as it steps up drilling activities in the Asian country.
After so many years, the two major firms namely Roland Berger and Deloitte have been talking merger.
Next Media's pending sale was held back by protests and other hindrances. Jimmy Lai, the Hong Kong billionaire, has offered his Taiwanese newspaper and magazine for sale but did not push through.
