DP World sells assets in Hong Kong to find other emerging markets. One of the largest ports operators in the world DP World Ltd is now in the process of selling its stakes in a logistics hub and two container terminals located in Hong Kong.
Investors
Mando Planning IPO in Hong Kong
The listing of Mando's Chinese unit would be done in the Hong Kong bourse. The largest unit of the Halla Group of South Korea is planning to undertake an initial public offering of its Chinese unit.
Boards of Italian Firms Discuss Merger Terms
Atlantia and Gemina Boards discuss merger terms. The respective boards of Atlantia, the Italian motorway company and Gemina, the owner of ADR is expected to approve the terms of their proposed merger by Friday.
Bancorp Eyes OneWest
OneWest, the bank from bankrupt IndyMac, is now interested in growth plans either through IPO or through outright sale.
IPO Option on the table for Chrysler
Chrsyler asks for IPO or buyout options from banks. Chrysler has invited banks to offer pitches scheduled for next month for IPO scenarios and results according to four individuals familiar with the decision.
Latest News
Facebook appoints Chancellor of UCSF Susan Desmond-Hellmann to its board. Facebook Inc has appointed an old hand to become part of its board of directors.
Appeals by hedge funds against Porsche actions withdrawn in the US but case continues in Germany. In a recent move, a consortium of hedge funds has dropped their appeal in US courts but continue their case in Germany.
Icahn and Dell in opposing sides regarding the privatization of Dell Company. Carl Icahn has joined calls for Dell to pay a special dividend totaling $15.
CDW to offer IPO after its takeover by private equity firms. (Correction in first paragraph to US$750 million. ) In a complicated move, CDW, the technology products maker taken over by Madison Dearborn Partners LLC and Providence Equity LLC for the amount of US$7.
Tiger Airways seeking partner for intra city flights and cargo operations in India. Tiger Airways, the low cost Singapore based air carrier is exploring possibilities to tie up with an India based airline to offer intra-city air travel in India.
Iger to continue as Disney's Chairman-CEO. In an unprecedented move, the investors of Walt Disney Co have rejected calls by proxy advisors to split the top jobs currently held by Chairman and CEP Robert Iger.
DLF to comply with SEBI requirements needs to sell new shares. In an effort to dilute the promoter's shares held by a holdings group, realty giant DLF announced today the issuance of new equity shares to comply with new SEBI norms of 25% minimum public shareholding.
Beijing Automotive to sell shares at IPO by end of the year. One of the makers of Daimler AG and Hyundai Motor Co vehicles in Asia is Beijing Automotive Group Co.
Damac Properties enters into a branding partnership with Paramount Hotel & Resorts. (Correction: Paramount Hotels & Resorts in the first paragraph) Damac Properties, the renowned Dubai property developer has entered into a partnership with Paramount Hotels & Resorts to develop and operate a US$1 billion or 3.
