SHENGJING BANK RAISES US$1.34 BLN IN HK IPO -- SOURCE
Shengjing Bank Co., a commercial bank in northeast China, has
raised US$1.34 billion after pricing its Hong Kong initial public
offering near the bottom of its indicative price range, according
to a person familiar with the situation Friday. (published 0339
GMT)
SAMSUNG SAYS 'CYA' TO MESSAGING APP CHATON -- UPDATE
Samsung Electronics Co. said Friday that it would discontinue a
mobile-messaging chat service that it had promoted heavily in
recent years, the latest sign of the South Korean technology
giant's struggles to gain traction building the software and
services that run on its best-selling smartphones. (published 0505
GMT)
TELSTRA INKS SERVICES DEAL WITH NBN
Telstra Corp. has agreed to provide planning and design services
to support the rollout of the Australian government's ambitious
national broadband network, a deal that could be worth up to 390
million Australian dollars . (published 0407 GMT)
SUNAC CHINA WON'T PURCHASE GREENTOWN CHINA AFTER TALKS FALL THROUGH
Sunac China Holdings Ltd. said Friday it wouldn't buy Greentown
China Holdings Ltd., one of the most well-known large-scale
property developers in China, from a group of vendors due to
"considerable differences" between Sunac and the vendors over
Greentown's "business philosophy." (published 0159 GMT)
HYFLUX: WON CONTRACT TO BUILD US$250 MILLION DESALINATION PLANT IN OMAN WITH PARTNER
Hyflux Ltd. said Friday th/e Singapore-listed water and
environmental solutions provider and its consortium partner have
received a contract to build a US$250 million water desalination
plant in Oman. (published 0510 GMT)
KEPPEL LAND: TO BUY 75% EQUITY STAKE IN MALLS DEVELOPER AND SELLER ARRAY
Keppel Land Ltd. has signed a deal to buy a 75% equity stake in
Array Real Estate Pte. Ltd., a malls developer and leasing firm in
Hong Kong. (published 0054 GMT)
LIPPO MALLS IN PACT WITH BANKS FOR S$180 MILLION TERM LOAN FACILITY
Lippo Malls Indonesia Retail Trust has secured a 180 million
Singapore dollar term loan facility from three banks to fund its
working capital needs and investments. (published 0107 GMT)
MPHB TO SELL 49% STAKE IN GENERAL INSURANCE UNIT TO ASSICURAZIONI GENERALI
MPHB Capital Bhd said it is selling a 49% stake in its
wholly-owned general insurance unit to Italy's Assicurazioni
Generali S.p.A. for 355.8 million ringgit . (published 0216
GMT)
BERJAYA RAISES STAKE IN REDTONE TO 31%
Berjaya Corp. Bhd said it has raised its stake in REDtone
International Bhd. to 31% after buying more shares in the broadband
and data-center firm. (published 0221 GMT)
BOC AVIATION TO BUY TWO MORE BOEING 737-800 JETS, TAKING TOTAL ORDER TO 82
BOC Aviation Ltd., the Singapore-headquartered aircraft leasing
unit of Bank of China Ltd., has finalized an order for two more
Boeing Co. 737-800 jets, adding to an order of 80 such planes
placed earlier this year. (published 0208 GMT)
FAR EAST HOLDINGS SHARES DOWN AFTER SHARE SALE PLAN NEWS
Hong Kong-listed Far East Holdings International Ltd's shares
fell as much as 23% Friday morning after saying it plans to raise
80.5 million Hong Kong dollars from a share sale. (published 0219
GMT)
SHOUGANG CONCORD CENTURY EXPECTS 2014 LOSS TO WIDEN ON YEAR
Hong Kong-listed Shougang Concord Century Holdings Ltd. said it
expects to post a loss of HK$105 million-HK$115 million in the year
ending December, due to the sharp decline in the selling price of
steel cords. (published 0147 GMT)
FRENCH COMPUTER-SERVICES CO. ATOS TO BUY XEROX'S IT OUTSOURCING UNIT
Computer-services company Atos SA will buy Xerox Corp.'s
information technology outsourcing business for $1.05 billion in
cash, a deal that would bolster the French company's position in
the U.S. (published 0037 GMT)
BYD SAYS BERKSHIRE HATHAWAY HAS NO INTENTION CURRENTLY TO CUT STAKE IN COMPANY
Chinese electric-car maker BYD Co. Ltd., which is backed by
investor Warren Buffett, Friday said Mr. Buffett's Berkshire
Hathaway Inc. has no present intention to cut its stake in the
company. (published 0110 GMT)