Jul 24, 2013 | China, East Asia, News
Bloomberg Zong Qinghou, China’s richest man who is worth an estimated $11.3 billion, plans to add more malls across Chinese cities as he considers an initial public offering for those operations. There is no specific time frame for the share sale, Zong said at a press...
Jul 24, 2013 | China, East Asia, News, Western Europe
Bloomberg 23 July 2013 Aviation Industry Corp. of China, the country’s biggest aerospace company, agreed to buy Thielert Aircraft Engines GmbH, focusing the insolvent German supplier fully on powering private aircraft and away from U.S. drones. The Chinese...
Jul 24, 2013 | Central & Eastern Europe, News, Russia
East-West Digital News MegaFon, a leading Russian mobile operator, has announced a $130 million commitment to building and upgrading the 2014 Sochi Winter Olympics’ telecommunications infrastructure. In an exchange last week with the Russian news agency 1Prime, Tigran...
Jul 23, 2013 | China, East Asia, News, Western Europe
Bloomberg 23 July 2013 Diageo Plc, the world’s largest liquor company, consolidated control over Sichuan Shuijingfang Co., a maker of the popular Chinese spirit baijiu, as it seeks to expand in the country. Diageo got approval from Chinese authorities to buy the...
Jul 23, 2013 | China, East Asia, News, Western Europe
Food Business News LONDON — Tate & Lyle, P.L.C. has signed an agreement with Xuzhou Yitong Food Industry Co., Ltd. to form a sino-foreign joint venture through the acquisition of a 51% equity interest in Jiangsu Howbetter Food Co. Ltd., a food systems business in...
Jul 23, 2013 | East Asia, News, North America
Bloomberg 22 July 2013 Himax Technologies Inc. announced that Google Inc. will acquire a 6.3 percent interest in subsidiary Himax Display Inc. “The purpose of the investment is to fund production upgrades, expand capacity and further enhance production capabilities at...
