Chubu Electric to buy Tokyo power supplier

Chubu Electric to buy Tokyo power supplier

Reuters Chubu Electric Power Co Inc will take control of a Tokyo-based electricity supplier, sources said on Wednesday, giving the utility an entry into the territory of Tokyo Electric Power Co, which is struggling with losses from the Fukushima disaster. The move by...
99 Wuxian Seeks Australian IPO

99 Wuxian Seeks Australian IPO

The Wall Street Journal With the market for Chinese initial public offerings shut since last November, 99 Wuxian Ltd. is seeking up to 20 million Australian dollars (US$18.5 million) in an Australian IPO, according to a prospectus seen by MoneyBeat. The Hong...