Fiat is in talks for as much as US$10 billion in financing from a pool of banks to buy the Chrysler stake it doesn't own and refinance the two firms' debt, people familiar with the matter said.Friday, 31 May, 2013, 4:41am
The shares of high-end department store operator PCD Stores rose strongly yesterday after an announcement that the parent company of Beijing's largest retailer has launched a takeover bid with a planned purchase of a 39.53 per cent stake in the firm.2 Feb 2013 - 4:25am
China's merger and acquisition (M&A) activity is expected to rebound this year, driven mainly by the overseas expansion ambitions of privately owned companies in the retail and consumer goods sector, global accounting firm PricewaterhouseCoopers (PwC) said yesterday.31 Jan 2013 - 5:20am
Happy New Year to all readers of White Collar. Last year marked a plethora of reforms and challenges for many listed companies, accountants, investment bankers, even the stock exchange and the regulator.1 Jan 2013 - 4:13am
Fubon Financial Holding, the second-largest publicly traded financial group in Taiwan, will buy majority control of First Sino Bank, in what is the largest acquisition of a mainland business by a Taiwanese investor.28 Dec 2012 - 4:14am
Beihai Port will acquire two other ports and a tugboat company on the mainland for 5.18 billion yuan (HK$6.41 billion).
It will also raise 1.73 billion yuan to boost booming trade between the Guangxi region and members of the Association of Southeast Asian Nations.15 Dec 2012 - 4:19am
Hong Kong Exchanges and Clearing is making its first share offering since it was listed, aiming to raise US$800 million following the British regulator's approval yesterday for HKEx's takeover of the London Metal Exchange.
The Financial Services Authority gave the go-ahead for HKEx's £1.39 billion (HK$17.24 billion) bid for the LME, the world's biggest metal exchange.30 Nov 2012 - 3:31am
HSBC Holdings is considering closing its South Korean retail operations, the Yonhap news agency reported, citing unidentified industry officials and regulators.30 Nov 2012 - 2:53am
Chinese oil and gas giant CNOOC has withdrawn and resubmitted its C$15.1 billion (HK$117.8 billion) bid for Canada's Nexen to United States regulators for approval.29 Nov 2012 - 3:46am
Hong Kong Exchanges and Clearing's proposed takeover of London Metal Exchange could well be the quickest way for it to diversify but it is also the biggest gamble the local bourse has ever taken.
However, it was hardly a surprise to brokers, who link the move to HKEx chief executive and former investment banker Charles Li Xiaojia's penchant for deal making.16 Nov 2012 - 2:47am