Samsung Group to Merge Two Major Entities in Preparation for Transfer of Power -- Update
Samsung Group took a major step in its transition to new
leadership, as it moved to merge its de facto holding company and
Samsung's original construction and trading company. (published
0123 GMT)
Fortescue Shares Surge on Speculation of China Investment
Shares in Fortescue Metals Group Ltd. rocketed more than 10%
Tuesday, adding as much as 1 billion Australian dollars to its
market value, after a report that China-linked companies want to
invest in the troubled iron-ore miner. (published 0145 GMT)
UBS to Withdraw From Australian Wealth-Management Business
UBS AG plans to withdraw from its Australian wealth-management
business following a review of the operation, the Swiss bank said
Tuesday. (published 0139 GMT)
CY Foundation Group Seeks HK$133.5 Million in Share Placement
CY Foundation Group Ltd. said Tuesday it is seeking to raise
133.5 million Hong Kong dollars from a share placement and will use
net proceeds for business expansion and general working capital.
(published 0204 GMT)
Kingston Financial Group: See 'Significant Increase' in Fiscal-Year Net Profit
Kingston Financial Group Ltd., a provider of financial services
in Hong Kong and Macau, said it expects a "significant increase" in
fiscal-year net profit, thanks to higher income from its brokerage,
underwriting as well as IPO-financing businesses. (published 0115
GMT)
Charter Communications Nearing Deal for Time Warner Cable -- 3rd Update
Charter Communications Inc. is close to sealing a $55 billion
deal for Time Warner Cable Inc., giving cable mogul John Malone the
prize he has been chasing for two years. (published 0114 GMT)
Eastern & Oriental Plans IPO of U.K. Unit on London Stock Exchange
Property developer Eastern & Oriental Bhd said late Monday
it plans to list its unit on the London Stock Exchange's AIM market
for smaller growing companies as it expands in the U.K. (published
0056 GMT)
Shuanghua Holdings: Expect a Net Loss for January-April
Shuanghua Holdings Ltd., an automotive heating, ventilation and
cooling components supplier, said Monday it expects a net loss for
the January-April period, partly dragged by declining sales.
(published 0059 GMT)
Westpac Veteran Executive Rob Whitfield Steps Down
Westpac Banking Corp. is losing a nearly 30-year veteran of the
bank after the head of its institutional banking arm, Rob
Whitfield, said he was stepping down. (published 0031 GMT)
Cocoaland Holdings Rejects MYR377.5 Mln Takeover Offer From Navis
Soft drink and candy maker Cocoaland Holdings Bhd said late
Monday it has rejected a takeover offer worth 377.5 million ringgit
from private-equity fund Navis Capital Partners. (published 0045
GMT)
Tingyi 1Q Net Profit Falls 17% as Instant Noodle, Beverage Sales Decline
Tingyi Holding Corp., an instant noodle and beverage producer in
China, said Tuesday its first-quarter net profit fell 17% on year
as revenue from various product lines declined. (published 0036
GMT)