SUMITOMO MITSUI TRUST TO BUY CITI'S DINERS CLUB CREDIT CARD OPS IN JAPAN -- SOURCE
Citigroup Inc. is set to sell its Diners Club credit card
business in Japan to Sumitomo Mitsui Trust Bank later this month,
according to a person familiar with the matter. The deal will
likely be worth Y40 billion, the person said. (published 0054
GMT)
HYUNDAI ELEVATOR FRUSTRATES FOREIGNERS
The failure of a Swiss elevator maker to stop a Hyundai Group
company from revising its rules to increase share capital has
frustrated foreign investors who want changes to South Korea's
corporate governance. (published 0555 GMT)
CHINA INTERNATIONAL MARINE CONTAINERS RAISES HK$3.86 BLN BY ISSUING H-SHARES
China International Marine Containers Co. Ltd. said after
trading hours Thursday that it would raise 3.86 billion Hong Kong
dollars by issuing 286.1 million new Hong Kong-listed shares to
Cosco Container, Broad Ride, and Promotor Holdings in order to
raise general working capital. (published 0216 GMT)
HAIER ELECTRONICS GROUP: 2014 NET PROFIT CNY2.45 BLN
Chinese home appliance and electronics maker Haier Electronics
Group Co. Ltd. said 2014 net profit was 2.45 billion yuan, up 20%
from CNY2.04 billion in 2013. (published 0008 GMT)
SHANGHAI PHARMACEUTICALS 2014 NET PROFIT UP 17% AT CNY2.59 BLN
Chinese healthcare company Shanghai Pharmaceuticals Holding Co.
said Friday its net profit rose 17% in 2014 to 2.59 billion yuan,
boosted by a strategy of focusing on key products, such as
treatments for cardiovascular system diseases. (published 0235
GMT)
NATURE HOME HOLDING EXPECTS A 2014 NET LOSS
Nature Home Holding Co. Ltd. said after trading hours Thursday
it expects a 2014 net loss due to a "substantial decrease" in the
fair value of assets. (published 0048 GMT)
GAMUDA FALLS 1% AFTER CUT TO EARNINGS OUTLOOK, STOCK DOWNGRADES
Shares of Malaysian construction and real estate company Gamuda
Bhd. fell as much as 1% on Friday after analysts cut its earnings
forecast and downgraded its stock on expected delays in the award
of a project contract and weak property sales. (published 0316
GMT)
SHENZHEN INTERNATIONAL 2014 NET PROFIT RISES 36%
Shenzhen International Holdings Ltd.'s 2014 net profit rose 36%,
thanks in part to growing demand for logistics services. (published
0446 GMT)
SUNSHINE 100 CHINA 2014 NET PROFIT RISES 14%
Sunshine 100 China Holdings Ltd.'s 2014 net profit rose 14% on
higher property sales. (published 0457 GMT)
SIM TECHNOLOGY SWINGS TO 2014 NET PROFIT
SIM Technology Group Ltd. swung to a 2014 net profit of 24
million Hong Kong dollars thanks to stringent cost control.
(published 0420 GMT)
OTSUKA KAGU FOUNDER FAILS TO OUST DAUGHTER IN PROXY FIGHT OVER CONTROL OF FIRM
The founder of major Japanese furniture retailer Otsuka Kagu
Ltd. failed to oust his daughter in a shareholder vote Friday in
the climax to a family feud that drew wide attention in Japan.
(published 0413 GMT)
NEWTON RESOURCES: YING JIAO HAS RESIGNED AS CFO EFFECTIVE APRIL 1
Newton Resources Ltd. said after trading hours Thursday that
Ying Jiao has resigned as chief financial officer and that Yue Kan
Luk has been appointed CFO in his place, both effective April 1.
(published 0030 GMT)
TSUI WAH HOLDINGS NAMES TING CHI HO CEO
Hong Kong restaurant chain operator Tsui Wah Holdings Ltd. said
after trading hours Thursday that Ting Chi Ho, current executive
director and a founder of the company, had been appointed chief
executive officer effective May 1. (published 0020 GMT)
PETROBRAS NAMES NEW CHAIRMAN -- UPDATE
Brazil's state-run oil firm Petroleo Brasileiro SA said Thursday
that it appointed Luciano Coutinho, head of the country's
development bank, as its new chairman. (published 0141 GMT)