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  • July 10, 2014
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  1. News - World - IRAQ

    Iraq confirms to UN that ISIL jihadis seized chemical weapons facility

    Posted Jul 09th 2014, 09:34pm by AP

    ... sarin are stored along with other chemical warfare agents, Iraq said in a letter circulated at the UN. The US government reported the takeover of the facility on June 20, and played down ... said that as a result of the takeover of Muthanna, Iraq was unable "to fulfil its obligations to destroy chemical weapons" because of the deteriorating security situation. He said ...

    http://www.scmp.com/news/world/article/1550548/iraq-confirms-un-isil-jihadis-seized-chemical-weapons-facility
  2. Business - Companies - TAKEOVERS

    Stringent conditions eyed for HKT takeover of CSL New World

    Posted Feb 06th 2014, 04:24am by BIEN PEREZ

    ... market players suggested the government impose certain conditions before the tycoon's PCCW-controlled HKT completes its US$2.43 billion takeover of rival CSL New World Mobility. ... corporate takeover. PCCW divested its interest in mobile service unit CSL to Telstra through two transactions in 2001 and 2002. CSL merged with New World PCS in 2006. Barclays Research estimated ...

    http://www.scmp.com/business/companies/article/1421657/stringent-conditions-eyed-hkt-takeover-csl-new-world
  3. Comment - Insight & Opinion - WHO SAID IT?

    Who said it?

    Posted Jun 13th 2014, 03:42am by STAFF

    ... Please avoid using the word coup because the context … is completely different Thai junta spokesman Colonel Werachon Sukondhapatipak on the military takeover   The work they are doing is absolutely crazy. [It] is exceedingly dangerous Former UK Royal Society president Lord May on the creation of a virus resembling the deadly 1918 Spanish flu strain   It should always burn inside ...

    http://www.scmp.com/comment/insight-opinion/article/1531089/who-said-it
  4. Business - China Business - ACQUISITIONS

    Lenovo expects all-clear for IBM, Motorola Mobility deals

    Posted Jul 03rd 2014, 02:08am by BIEN PEREZ

    ... Kong-listed Lenovo, which operates in more than 160 countries, is awaiting approval from regulators in the United States, mainland China and the European Union for its US$2.91 billion takeover ... by the Committee on Foreign Investments in the US (CFIUS). It is an inter-agency committee that assesses national security implications of mergers, acquisitions and takeovers that could result in foreign ...

    http://www.scmp.com/business/china-business/article/1545107/lenovo-expects-all-clear-ibm-motorola-mobility-deals
  5. Business - Banking & Finance - ACQUISITIONS

    OCBC-Wing Hang Bank takeover deal a question of price

    Posted Jan 17th 2014, 02:35pm by KANIS LI

    ... Kanis Li kanis.li@scmp.com While city lender wants more, Singapore group fears making goodwill charges after takeover OCBC-Wing Hang deal a question of price Oversea-Chinese Banking Corp's plan to take over Wing Hang Bank, the city's second-largest family-controlled bank, raises the question of what would be a reasonable price for both parties to gain from the deal. ...

    http://www.scmp.com/business/banking-finance/article/1407627/ocbc-wing-hang-bank-takeover-deal-question-price
  6. Business - Money - ACQUISITIONS

    Dealmakers get creative as global acquisitions surge

    Posted Jul 02nd 2014, 01:45am by BLOOM

    ... in landing the big deals Big deals are back. To fund them, buyers are using a little creative thinking and a lot of common stock to fuel the best quarter for global takeovers since 2007. ... offers made up about a third of the takeovers announced in the second quarter. In the same period last year, all-cash bids accounted for two-thirds of deals, and in past five years they averaged ...

    http://www.scmp.com/business/money/markets-investing/article/1544479/dealmakers-get-creative-global-acquisitions-surge
  7. Property - Hong Kong & China

    China's Wanda to build US$900m five-star complex in Chicago

    Posted Jul 10th 2014, 04:56am by AFP

    ... of British yacht maker Sunseeker for £320 million (HK$4.25 billion) and its US$2.6 billion takeover in 2012 of US cinema chain AMC Entertainment. It is also spending £700 million on London's ...

    http://www.scmp.com/property/hong-kong-china/article/1550644/chinas-wanda-build-us900m-five-star-complex-chicago
  8. Business - Banking & Finance

    Wing Hang confirms talks on takeover

    Posted Jan 07th 2014, 01:46am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Investors dump shares in HK lender amid concerns over low offer from OCBC Wing Hang confirms talks on takeover Wing Hang Bank confirmed it is holding exclusive talks with Singapore's Oversea-Chinese Banking Corp, Southeast Asia's second-largest lender, about a possible takeover after shares in the Hong Kong lender yesterday posted ...

    http://www.scmp.com/business/banking-finance/article/1399390/wing-hang-confirms-talks-takeover
  9. Business - Banking & Finance

    OCBC-Wing Hang takeover talks evoke memories of DBS's costly foray

    Posted Jan 09th 2014, 01:27am by BLOOM

    ... officer during the Dao Heng takeover and was chief executive from 2002 to 2007. He had a 25-year career in investment banking with what was then known as JP Morgan before joining DBS in 1999. ... the comparison that since DBS and Dao Heng was so disastrously bad, this one is also going to be as bad," Smith said of OCBC's possible takeover of Wing Hang. OCBC, which gets about two-thirds ...

    http://www.scmp.com/business/banking-finance/article/1400949/ocbc-wing-hang-takeover-talks-evoke-memories-dbss-costly
  10. Business - Companies - ACQUISITIONS

    Li firms to stick with Envestra offer despite payout disputes

    Posted Jun 21st 2014, 12:53am by Peggy Sito

    ... not withdraw this objection". Last month, the consortium said it had offered an off-market takeover bid for all of Envestra's shares for A$1.32 each, or A$2.37 billion. At the time, Envestra ... to the market by the Envestra board and why it had any relevance to the Takeover Panel. The consortium said it did not expect the issue to directly affect Envestra's shareholders and informed ...

    http://www.scmp.com/business/companies/article/1537238/li-firms-stick-envestra-offer-despite-payout-disputes

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