LEASEPLAN SHAREHOLDER IN TALKS TO SELL STAKE TO INVESTOR GROUP

Dutch leasing fleet manager LeasePlan Corporation NV confirmed Tuesday that its 100% shareholder, Global Mobility Holding BV, is in talks to sell its interest to a group of investors, but cautioned that an agreement wasn't certain. (published 0554 GMT)

 
 
GF SECURITIES RAISES $3.6 BILLION IN HONG KONG IPO - SOURCES

GF Securities Co., the fourth biggest Chinese brokerage by assets, has raised US$3.6 billion in an initial public offering in Hong Kong after pricing shares at the high end of the range, people familiar with the situation said Tuesday. (published 0320 GMT)

 
 
HUAWEI TECHNOLOGIES 2014 NET PROFIT JUMPS 33%

China's Huawei Technologies Co. said Tuesday that its net profit rose 33% last year, helped by strong revenue growth as well as foreign exchange gains. (published 0300 GMT)

 
 
FUYAO GLASS OPENS AT HK$18.72 IN TRADING DEBUT VS HK$16.80 IPO PRICE

Fuyao Glass Industry Group, which raised US$951 million in an initial public offering in Hong Kong after pricing the deal at the high end of a price range, opened higher at HK$18.72 in its trading debut Tuesday. (published 0152 GMT)

 
 
MYOB GROUP SAYS IPO TO RAISE UP TO A$833.8 MILLION

Accounting software provider MYOB Group Ltd. said Tuesday it intends to raise up to 833.8 million Australian dollars from an initial public offering of shares in Australia next month. (published 0514 GMT)

 
 
IBM TO INVEST $3 BILLION IN SENSOR-DATA UNIT

International Business Machines Corp. plans to invest $3 billion over four years on a new business helping customers gather and analyze the flood of data from sensor-equipped devices and smartphones. (published 0401 GMT)

 
 
TAIWAN TO APPLY TO JOIN CHINA-LED BANK

Taiwan will apply to join China-led Asian Infrastructure Investment Bank, the presidential office said Tuesday, another U.S. ally to join the institution despite concerns from Washington about the bank's governance. (published 0313 GMT)

 
 
PHILIPS SELLS LIGHTING BUSINESS TO CONSORTIUM

GO Scale Capital, an investment fund sponsored by GSR Ventures and Oak Investment Partners, said it would buy an 80.1% stake in Royal Philips NV's combined LED components and automotive lighting business in a deal that values the business at about $3.3 billion. (published 0536 GMT)

 
 
CHINA MERCHANTS HOLDINGS 2014 NET PROFIT RISES 7.4%

China Merchants Holdings Co. Ltd., a Hong Kong-based logistic conglomerate, said Tuesday its 2014 net profit rose to HK$4.53 billion from HK$4.21 billion a year earlier, buoyed by higher income from its ports operations. (published 0433 GMT)

 
 
CHINA'S PROPERTY EASING MEASURES WON'T CHANGE TREND, VANKE PRESIDENT SAYS

The latest policy easing in China's property market won't change the broader trend in the sector, said China Vanke Co.'s president Tuesday. (published 0449 GMT)

 
 
KAISA DELAYS RELEASE OF RESULTS

Troubled Chinese property developer Kaisa Group Holdings Inc. said it would delay the release of its 2014 results to give its auditors time to finish their work. (published 0231 GMT)

 
 
CHINA OIL & GAS: 2014 NET PROFIT HK$308.7 MILLION; DOWN 23% ON YEAR

China Oil & Gas Group Ltd., which engages in natural gas and other energy related business, reported a 23% drop in its 2014 net profit dragged by the higher cost of sales. (published 0312 GMT)

 
 
PHILIPPINES' XURPAS BUYS 31.53% OF SINGAPORE-BASED GAMES PLATFORM MATCHME FOR $1.4 MLN

Philippine technology firm Xurpas Inc. said Tuesday it bought a 31.52% stake in MatchMe Pte. Ltd., a Singapore-based mobile and web tournament games platform, for $1.4 million. (published 0245 GMT)

 
 
ASTRO MALAYSIA HOLDINGS SHARES RISE AFTER 4Q PROFIT SURGE

Shares in Malaysian pay-television operator Astro Malaysia Holdings Bhd rose in Kuala Lumpur Tuesday after the company late Monday reported a 26% rise in its fiscal-fourth quarter net profit. (published 0145 GMT)