Aug 20, 2013 | China, East Asia, News
The Wall Street Journal HONG KONG–Auto parts supplier Visteon Corp. said Tuesday it is selling its 50% stake in its longtime Chinese joint venture and interests in other car-interior ventures to its partner, Huayu Automotive Systems Co., in a $1.25 billion cash...
Aug 19, 2013 | China, East Asia, News, Western Europe
PR Newswire 16 Aug. 2013 WRG Creative Communication, the No. 1 rated agency, has acquired Hong Kong-based Serious Events, the event management business of Serious Staging, to gain a foothold in China, the world’s second-largest economy. Serious Events is a live...
Aug 18, 2013 | China, East Asia, News, North America, Western Europe
Financial News US investment bank Goldman Sachs Group Inc is currently the top contender to buy most of the USD1.5bn stake in China’s Huarong Asset Management Corp that is offered for sale ahead of a 2014 IPO, two sources told the Financial Times. Morgan Stanley and...
Aug 16, 2013 | China, East Asia, News, Western Europe
Market Wired Metso has completed the acquisition of the steel foundry in Quzhou City, Zheijang Province some 400 km Southwest of Shanghai, announced in February 2013. The acquired assets of Quzhou Juxin Machinery Co., Ltd and Quzhou Chixin Machinery Co., Ltd and...
Aug 16, 2013 | China, East Asia, News
Reuters China’s state-owned vehicle manufacturer Beijing Automotive Group Co Ltd said on Wednesday it had agreed to buy smaller domestic firm Zhenjiang Automobile to help it meet its target to double production by end-2015. Beijing Auto did not disclose the...
Aug 15, 2013 | China, East Asia, News, North America, Oceania
Reuters Archer Daniels Midland Co said on Wednesday that South Korea had cleared the grain trader’s takeover of GrainCorp Ltd, leaving China and Australia as the last two countries that need to approve the deal. The Korea Fair Trade Commission became the seventh...
