China-based automotive glass supplier Fuyao Glass Industry Co will pour in a $200-million investment to build a manufacturing facility at the former assembly plant of General Motors (GM) in Ohio, US.
Tags: China
AAG Energy considers reviving Hong Kong IPO
China-based coal bed methane producer AAG Energy Ltd may revive its plan for an initial public offering (IPO) in Hong Kong which was shelved last year, to raise funds for its 2014 operations.
China-focused Boyu Capital to close $1.5B for second buyout fund -sources
China-focused private equity group Boyu Capital is set to close $1.5-billion for its second buyout fund within a few weeks, according to people familiar with the matter.
Daimler-backed BAIC Motor plans $2B Hong Kong IPO in 2014 -IFR
Chinese auto manufacturer BAIC Motor plans to raise around $2 billion in an initial public offering (IPO) in Hong Kong in 2014's second quarter, according to sources cited by Thomson Reuters publication IFR.
Forbes attracts Germany's Axel Springer and other bidders -report
New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.
Latest News
Private equity firm CVC Capital Partners will invest over $200 million for a stake in Chinese education company EIC Group. CVC will buy the stake from rival investment firm Actis Capital.
Shandong, China-based cotton and yarn manufacturer Shandong Ruyi Technology Group Co Ltd will invest $2 billion in the energy and textile sectors of Pakistan over the next two years.
The insurance unit of Portugal's Caixa Geral de Depositos SA will be acquired by China's Fosun International Ltd in a deal worth €1 billion, Reuters reported.
Qihoo 360 Techology Co., China's second-largest search engine by users, on Thursday dismissed rumors that e-commerce major Alibaba Group Holding would pick up a stake in the company. Qihoo shares surged 9.3% on Wednesday on speculation the two companies were in talks over a deal.
The reopening of the IPO market in China did not inspire private equity managers in Asia who do not believe that the development would help companies make profitable exits.
As the Chinese government plans to consolidate production, Anhui Conch Cement Co said it plans to increase its capacity to 30 million metric tons through acquisitions, Bloomberg reported.
Chinese billionaire Chen Guangbiao has dialed back his bid to acquire The New York Times Co. over a week after making his interest public, saying that the level of difficulty is great. Times chairman Arthur Ochs Sulzberger Jr. recently said that the prestigious media company is not for sale.
Chinese conglomerate Shenhua has dropped out from the bid for New South Wales (NSW) power generator Macquarie Generation (MacGen), leaving only three bidders, according to a report.
Bourbon, a Paris-based operator of supply and crew ships for the oil industry, sold a dozen vessels to China's ICBC Financial Leasing as part of its plan to make a dent on its debt, Bloomberg reported.
