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  • September 20, 2014
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Results 1 - 10 of 32 for takeover

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  1. CEC takeover fuels 469pc gain for Winsan shares

    Posted Dec 23rd 2003, 12:00am by Staff Reporter

    ... in the property investment firm. The takeover, approved by the China Securities Regulatory Commission and the State Council, is CEC's first overseas purchase. The deal comes on the back of rising ... In a reverse-takeover proposal, Winsan will buy a 65 per cent stake in mobile-phone maker Shenzhen Sang Fei Consumer Communications from CEC for $260 million by issuing 6.5 billion new shares priced at four ...

  2. Concern at takeover bid for China Strategic

    Posted Apr 21st 2005, 12:00am by Jane Moir

    ... Islands company owned by Gao Yang, for $52.11 million. As this will represent a 30.63 per cent stake, it triggers a general offer under the takeovers code. Shareholders are being offered 19.3 ... of $170.1 million, compared with the current net asset value of $1.44 billion. Before any takeover, the group will undergo a substantial reorganisation. The company plans to consolidate its shares ...

  3. Prudential's HK debut may see little splash

    Posted May 24th 2010, 12:00am by Naomi Rovnick

    ... But while it needs local investors' cash to fund its US$35.5 billion takeover of Asian life insurer AIA, analysts predicted Hong Kong money managers would give the British insurer's shares ... on June 7, are already on a knife edge, with a growing chorus of investors speaking out against the takeover. Meanwhile AIG, AIA's US-government owned parent, is dusting off old plans ...

  4. Western bid approved, Shougang's rejected

    Posted Jul 08th 2008, 12:00am by Carol Chan

    ... that Australia is increasing its scrutiny of foreign investments to curb mainland takeovers of local resources companies, especially government-backed companies. However, Canberra has reiterated ... boosted its stake in Midwest to 45.58 per cent as it pursues a takeover worth A$1.36 billion, or A$6.38 per share, in cash. Murchison, which owns 10 per cent of Midwest, said it would not accept ...

  5. Watson on scent of UK perfumery

    Posted May 25th 2005, 12:00am by Sandy Li

    ... Sandy Li The latest $3.16 European takeover will boost Hutchison retailing arm's contribution to group earnings AS Watson, a subsidiary of Hutchison Whampoa, has launched a GBP221.9 million ($3.16 billion) takeover bid for British perfume seller Merchant Retail Group. The move will boost Watson's presence in Europe, where it recently bought French perfume retailer ...

  6. BEA sells HK$5b of shares to deter buyout by Guoco

    Posted Dec 31st 2009, 12:00am by Howard Winn

    ... Howard Winn Bank of East Asia yesterday announced the sale of HK$5.11 billion in new shares to two banks in a move analysts say is aimed at protecting it from a hostile takeover ... the holdings of BEA chairman David Li Kwok-po drop to 2.29 per cent from 2.49 per cent. The market has long viewed BEA as ripe for takeover because of the relatively weak grip by the Li family, ...

  7. In Brief

    Posted Feb 07th 2005, 12:00am by Staff Reporter

    ... investors. tvb completes takeover of content producer Television Broadcasts has agreed to increase its stake in Taiwan television programme producer Liann Yee Production from 70 per cent to 100 per ...

  8. Nina bought shares day before her death

    Posted Jun 24th 2009, 12:00am by Staff Reporter

    ... Leung said he was concerned that the purchase might trigger some takeover responsibility because Wang already had 21 per cent of the company's shares. According to a notice issued by RCG on Monday, Wang's estate owns 25.85 per cent of shares in the company, while Mr Chan owns 25.05 per cent. Stock Exchange rules require a mandatory takeover offer when a holding reaches 30 per ...

  9. Shaw Brothers' stake in TVB fetched HK$6.26b

    Posted Feb 02nd 2011, 12:00am by Simpson Cheung

    ... before. In 2000, he was behind a takeover of Sing Pao, one of Hong Kong's oldest news publications. Chan sold his shares in that company within two years. He is also known for his good ...

  10. ALT braces for negative equity

    Posted Jun 22nd 2004, 12:00am by Staff Reporter

    ... ALT from a company with net tangible assets of $32.6 million into one with net tangible liabilities of $1.08 billion. This is similar to PCCW's takeover of Cable & Wireless HKT in 2000. PCCW reported a negative net worth of US$1.8 billion for the year after it wrote off massive goodwill that included US$22 billion for the takeover of Cable & Wireless HKT, against ...




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