China Resources Gas raises HK$2.77b in share placement

Gas consumption is growing and CR Gas posted a 28 per cent increase in net profit and higher connection fees. Photo: Reuters

China Resources Gas, a mainland gas distributor, raised HK$2.77 billion in a share placement yesterday after its shares hit a record high.

Wednesday, 21 November, 2012, 1:56am

HK$4.7b deal to sell Jimmy Lai's Taiwan unit postponed

Hundreds of Apple Daily staff in Taipei gathered on Friday to call for guarantees over jobs and independent news coverage. Photo : EPA

The HK$4.7 billion deal for the sale of publishing tycoon Jimmy Lai Chee-ying's Next Media holdings in Taiwan was put on hold yesterday, hours before it was supposed to have been sealed.

18 Nov 2012 - 4:44am 1 comment

Next Media to push through with Taiwan assets sale

Next Media suspended.

Media tycoon Jimmy Lai Chee-ying is expected to close the NT$17.5 billion (HK$4.7 billion) deal to sell Next Media's print and TV holdings in Taiwan as planned this Saturday, following efforts by the buyers to comply with regulatory restrictions.

15 Nov 2012 - 6:55am

KBW to close Hong Kong office after sale

Securities firm Keefe Bruyette & Woods is in the process of closing its operations in Hong Kong and Tokyo to focus on core businesses in the US and Europe, following its acquisition by Stifel Financials.

The shutdown is expected to result in about 20 job losses and cost about US$4 million, mostly in severance payouts.

10 Nov 2012 - 5:04am

Hutchison closes in on Austria deal

Hutchison Whampoa, whose acquisition of mobile network operator Orange Austria is under review, has taken a step forward to gaining the European Commission's approval of the €1.3 billion (HK$13 billion) deal.

2 Nov 2012 - 5:30am

Aeon buys Carrefour Malaysia assets

Carrefour, France's biggest grocer, agreed to sell its Malaysian operations to Aeon, Japan's largest retailer, for €250 million (HK$2.5 billion).

The sale was effective immediately, Carrefour said in a statement. The retailer is the fourth-biggest in Malaysia, where it had 26 stores and €400 million in sales in the 12 months to June 30, the company said.

2 Nov 2012 - 5:30am

China Petrochemical targets Maurel & Prom

China Petrochemical targets Maurel & Prom

China Petrochemical Corp, the nation's second biggest oil producer and the largest oil refiner, is reportedly sizing up Africa- and Latin America-focused French mid-size oil and gas producer Maurel & Prom as a potential acquisition target.

2 Nov 2012 - 5:30am

When you wish upon a Death Star

George Lucas with his most infamous creation, Darth Vader, now a Disney character alongside Snow White. Photo: AP

For years, it seemed like another "Star Wars" movie was just a dream, languishing in a galaxy far, far away.

But down on earth, the Walt Disney movie studio had different ideas.

1 Nov 2012 - 3:58am

CNOOC seeks cheap loans from foreign banks

CNOOC, working to complete the biggest overseas takeover by a Chinese company, is slicing borrowing costs by 80 per cent as it attracts international lenders seeking exposure to government-backed businesses.

17 Oct 2012 - 2:22am

Are China's Big Four banks primed for an offshore plunge?

ICBC, the world's largest lender by market value, is seen as one of the most likely of China's banks to buy overseas assets. Photo: Bloomberg

As the euro-zone debt crisis deepens, market speculation is growing quickly about whether China's capital-rich Big Four banks will take the rare chance to acquire some European rivals, even though the country's major lenders have so far remained hesitant and cautious.

16 Oct 2012 - 4:15am

Softbank to buy up to 70pc of Sprint for US$20b

Japanese mobile operator Softbank will buy 70pc of US carrier Sprint Nextel. Photo: AP

Japanese mobile operator Softbank Corporation said on Monday it will buy up to 70 per cent of Sprint Nextel, the third-largest US carrier, for about US$20.1 billion.

15 Oct 2012 - 5:55pm

Suning Appliance buys Redbaby as part of big retail plans

Suning Appliance, China's largest electrical appliance retailer, has bought a leading e-commerce seller of maternal and baby products, taking it one step closer to its goal of becoming the country's answer to Walmart and Amazon.

26 Sep 2012 - 2:58am

Acquisition talk sparks rally in CASH Financial and associate Net2Gather

Shares in CASH Financial Services Group, a Hong Kong-based brokerage firm, and its associate Net2Gather (China) Holdings surged yesterday on speculation that a potential investor is interested in acquiring the broker.

20 Sep 2012 - 4:31am

Thai Beverage chief backs Heineken's Asia Pacific Breweries bid

Heineken has support for its Asia Pacific Breweries bid. Photo: AP

Heineken cleared the biggest hurdle in its fight to take control of Asia Pacific Breweries as billionaire stakeholder Charoen Sirivadhanabhakdi's Thai Beverage pledged its support.

20 Sep 2012 - 4:18am

Hefty price puts ANZ plan to buy HK bank on hold


Australia and New Zealand Banking Group, Australia's third-largest bank by market value, has abandoned a plan to expand in Hong Kong by acquiring a local bank, mostly because the families controlling the banks want too much money.

19 Sep 2012 - 3:22pm