Aug 14, 2013 | News, North America
The Wall Street Journal ADT Corp. agreed to buy Devcon Security for $148.5 million in cash, while also reporting its fiscal third-quarter profit rose 11% as the security-monitoring company logged higher recurring revenue. Known for its electronic-security systems, ADT...
Aug 14, 2013 | Deals, East Asia, News
The China Post TAIPEI, Taiwan — CTBC Financial Holding Co. and CTBC Life Insurance Co. resolved in their board meetings yesterday to assume the operations, assets and liabilities of the Taiwan branch of Manulife International. The valuation date of the...
Aug 14, 2013 | China, East Asia, News, North America
Bloomberg 58.com, a Chinese local classified-ad website, plans to seek at least $100 million in an initial public offering in the U.S. this year, said people familiar with the matter. The company is working with Credit Suisse Group AG and Morgan Stanley, said two of...
Aug 14, 2013 | China, East Asia, News
Bloomberg Qinhuangdao Port Co., China’s biggest coal port, is preparing an $800 million initial public offering in Hong Kong after waiting for more than a year to sell shares in Shanghai, said three people with knowledge of the matter. The company, based in Hebei...
Aug 14, 2013 | China, East Asia, News, North America
The Wall Street Journal 13 August 2013 Whirlpool Corp. has agreed to buy a majority stake in Chinese home-appliances maker Hefei Rongshida Sanyo Electric Co., giving Whirlpool a set of appliance brands that span the Chinese market where it has struggled to grow. The...
Aug 14, 2013 | China, East Asia, News, North America
Wujiang, Jiangsu Province, China – August 13, 2013 – China Commercial Credit, Inc., a microcredit company providing loans and loan guarantees to small-to-medium sized enterprises, farmers and individuals, today announced the pricing of its IPO of 1,370,000...
