• Sun
  • Oct 26, 2014
  • Updated: 1:05am


Julius Bär eyes Asian clients after Bank of America Merrill Lynch acquisition

Julius Bär expects to report a loss this year in the wake of the deal in August last year. Positive returns would start to kick in next year, as the integration of the businesses picks up steam, chief executive Boris Collardi said.

Friday, 31 May, 2013, 4:41am

US national-security clearance of Softbank-Sprint deal hits Huawei

The US national security clearance of SoftBank Corp's US$20.1 billion acquisition of Sprint Nextel Corp imposes the first restrictions on a third-party supplier over claims of Chinese spying.

31 May 2013 - 4:54am

Shuanghui Intl's Smithfield purchase may raise US hackles

The mainland's largest meat processing enterprise, Shuanghui International, is paying US$4.7 billion in cash to buy the American firm Smithfield Foods, the world's largest pork producer.

30 May 2013 - 8:55am

Huiyuan Juice buys founder's assets

China Huiyuan Juice Group plans to acquire fruit planting and juice-concentrate-making businesses from its founder and chairman, Zhu Xinli, as it seeks to bolster investor confidence.

24 May 2013 - 3:47am

Lenovo-IBM server talks reach impasse

Lenovo, the world's second-largest personal computer supplier, is holding firm on getting "a reasonable price" after reaching an impasse in negotiations to buy part of the server business of International Business Machines, sources say.

3 May 2013 - 4:22am

AXA buys into Shanghai car insurer Tianping

European insurer AXA is a step closer to becoming the largest foreign property and casualty insurer in China after agreeing to buy half of Chinese motor insurer Tianping Auto Insurance for 3.9 billion yuan (HK$4.9 billion).

25 Apr 2013 - 5:39am

Machinery makers eye German takeovers

Chinese machinery companies are increasingly seeking to acquire German machinery firms, but face challenges, analysts say. Ivo Naumann, managing director of AlixPartners, a US consultancy, said: "Chinese players show an increasing appetite for leading machinery technology and have already acquired several German machinery companies."

22 Apr 2013 - 6:26am

LinkedIn buys start-up for US$90m

LinkedIn, the biggest online professional-networking service, is buying start-up Pulse for about US$90 million, accelerating the company's expansion into distributing content for users.

It is paying about 90 per cent in stock and 10 per cent in cash for the application, which is owned by Alphonso Labs.

13 Apr 2013 - 4:51am

Appetite fades for corporate purchases

The appetite for acquisitions among Hong Kong businesspeople has dropped to the lowest level in six years, battered by renewed worries about the euro-zone's debt problems, accounting firm Grant Thornton said yesterday.

10 Apr 2013 - 3:57am

Lai vows to keep Taiwan print empire

Hong Kong media magnate Jimmy Lai Chee-ying yesterday said he would continue to run his print empire in Taiwan now that a NT$17.5 billion (HK$4.55 billion) deal to sell Next Media's combined print and TV assets on the island has fallen through.

28 Mar 2013 - 4:46am

Nexen deal shows how Chinese firms can do business in US

The fact that China National Offshore Oil Corporation's US$15.1 billion acquisition of Calgary-based Nexen went through successfully, with the required US approval, shows that direct investment capital flows from China are not always subject to political hijacking, as many on the mainland claim.

18 Mar 2013 - 1:41am 1 comment

Directors' share purchase total soars on CLP duo's big buys

Buying rose for the second straight week, while selling among directors surged, based on filings on the Hong Kong stock exchange from March 4 to 8. Buyers outweighed sellers, with 10 companies recording 46 purchases worth HK$476 million, against eight firms with 22 disposals worth HK$61 million.

11 Mar 2013 - 4:56am

Buyout firm snaps up HMV Hong Kong for a song

AID Partners Capital, a Hong Kong-based buyout firm focusing on the entertainment and media industry, has bought HMV's businesses in Hong Kong and Singapore as well as operating licences for mainland China.

1 Mar 2013 - 5:50am

Citic Resources says no to aluminium smelter purchases

Citic Resources Holdings, the energy and metals arm of state-owned conglomerate Citic Group, will continue to look for acquisition opportunities but will pursue them in a "cautious" manner, its chief executive said yesterday.

26 Feb 2013 - 5:18am

CNOOC will face serious challenges managing Nexen

CNOOC's acquisition of Nexen is being watched closely, given that it is China's largest overseas investment acquisition to date. How the China National Offshore Oil Corporation integrates and manages Nexen will provide a noteworthy example for major state-owned enterprises to follow in the future.

20 Feb 2013 - 4:12am