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Dongfeng combines with Fujian Motor
From Shanghai Daily: Dongfeng, which makes cars with Nissan Motor Co and PSA Peugeot Citroen in China, will inject capital into Fujian Motor Industry Group Co in exchange for an undisclosed stake from...
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MediaTek Announces NT$9 Dividend… CEO Confident MStar Merger Will Go Through
This was announced at their shareholder’s meeting today.
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China Resources Power (0836) Merger Overshadowed By Lawsuit
The merger of China Resources Power (0836) and sister firm China Resources Gas (1193) has been overshadowed by a lawsuit filed by a group of shareholders at the power firm. The group of six minority...
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Blasphemy: Broker Suggests HTC Tie Up With Chinese Handset Maker
That would be the definition of One China. A Macquarie analyst suggests that HTC might need to tie up with another firm to avoid making losses. “Daniel Chang, an analyst at Macquarie Capital...
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S.Korea To Re-Unite Korea Development Bank (KDB) and Korea Finance...
Privatization Fail… “The Korea Finance Corporation (KoFC), which was separated from Korea Development Bank (KDB) as an independent entity four years ago as part of the Lee Myung-bak administration’s...
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S Korea To Combine Two Bloated Public Banks
The government is considering merging state-run Korea Development Bank (KDB) with a policy lender following four years of separate operations in a sign of thwarted privatization of the bank, sources...
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KOREA: CLOSING WRAP, 19Aug2013
MARKET MOVES 1. KOSPI down 0.13% to 1,917.64. 2. KRW down 0.19% to 1,115.68. TOP HEADLINES 1. Boeing Likely To Win S Korean Fighter Jet Contract 2. Commodity Weakness Lowers S Korea’s Overseas...
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Glencore Erases US$7.7bn On Xstrata, Profit Down 39%
Glencore Xstrata wrote down assets inherited from Xstrata by $7.7 billion, slashing the value of operations in the early stages of development, as it announced a smaller than expected drop in profit...
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HONG KONG: CLOSING WRAP, 20Aug2013
MARKET MOVES 1. HSI down 2.20% to 21,970.29. 2. HSCEI down 2.88% to 9,905.76. TOP HEADLINES 1. Glencore Erases US$7.7bn On Xstrata, Profit Down 39% 2. Top China Mobile Man In Guangdong Arrested 3....
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Acer Denies Lenovo, Asustek Merger Rumors
Acer has dismissed rumor that certain investment banks plan to invite Lenovo or Asustek Computer to merge with Acer. The vendor said no investment banks have contacted its management to inquire about...
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