Aug 20, 2013 | China, East Asia, News
Bloomberg 18 August 2013 Chaoyue Group Ltd. agreed to buy two Chinese makers of stainless steel and copper products for HK$10 billion after selling its main water purification businesses. Chaoyue will pay Chung Ming Metal Resources Holdings Ltd. HK$3 billion in cash...
Aug 20, 2013 | China, East Asia, News, North America
Reuters 16 August 2013 Chinese e-commerce company Alibaba Group, which is preparing for an initial public offering in Hong Kong, has bought a minority stake in online shopping company ShopRunner, the Financial Times reported on Friday. The acquisition is part of a...
Aug 20, 2013 | China, East Asia, France, News, Western Europe
Bloomberg L’Oreal SA, the world’s largest cosmetics maker, agreed to buy China’s Magic Holdings International Ltd. for HK$6.54 billion ($843 million) to expand in a market where sales growth is outpacing that of the company. L’Oreal will pay HK$6.30 a share in cash...
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 20, 2013 | East Asia, News, North America
The Wall Street Journal Brookfield Property Partners L.P. has agreed to acquire Industrial Developments International Inc. (IDI) from the U.S. unit of Kajima Corp. for $1.1 billion, expanding the commercial real estate owner’s property portfolio. Industrial...
Aug 19, 2013 | East Asia, News, Oceania
Reuters 15 Aug. 2013 Taiwan’s Formosa Plastics Group has agreed to invest $1.15 billion as part of a deal to buy nearly a third of a new iron ore project in Australia from partners Fortescue Metals Group and China’s Baoshan Iron & Steel. Formosa, which...
