SEVEN GROUP SAYS WESTRAC ACQUIRES BUCYRUS UNITS FOR US$400M
Seven Group Holdings Ltd. said Thursday that its WesTrac heavy
machinery unit has agreed to buy the Bucyrus distribution and
support businesses from Caterpillar Inc. in several parts of
Australia for about US$400 million. (published 0002 GMT)
INDONESIA'S BUMITAMA AGRI SURGES 34.9% ON SINGAPORE DEBUT
Indonesian palm oil producer Bumitama Agri Ltd. opened 34.9%
above its initial public offering price in its debut on the
Singapore Exchange on Thursday. (published 0108 GMT)
TEN NETWORK 1H NET PROFIT DOWN 70% AT A$14.8M, NO DIVIDEND
Australian television company Ten Network Holdings Ltd. said
Thursday first half net profit was down 70% on year, reflecting
tough conditions in the advertising market. (published 2351
GMT)
ILUKA RESOURCES QUARTERLY SALES REVENUE FALLS 13%
Australian mineral sands producer Iluka Resources Ltd. Thursday
posted a 13% fall in first-quarter sales revenue despite higher
prices due to sluggish demand for zircon and delayed shipments of
titanium dioxide products. (published 0019 GMT)
CHORUS ISSUES FIRST DEBT, EQUITY SECURITIES TO NZ GOVT; GETS NZ$3.9 MLN IN RETURN
Infrastructure company Chorus Ltd. has issued its first set of
debt and equity securities to New Zealand government-owned Crown
Fibre Holdings, and has received NZ$3.9 million in return, the
company said in a statement Thursday. (published 2322 GMT)
TRINITY LTD TO BUY GIEVES & HAWKES BRAND, BUSINESS FOR UP TO GBP92.5 MLN
Trinity Ltd. has agreed to buy British fashion brand Gieves
& Hawkes and its business for up to GBP92.5 million, the
high-end menswear retailer said Wednesday. (published 0050 GMT)
KRUNG THAI BANK PRESIDENT: 1Q LOAN GROWTH AROUND 4.5%
Krung Thai Bank PCL, Thailand's second-largest bank by assets
after Bangkok Bank PCL, booked around 4.5% growth in its loan
portfolio in the first quarter from the end of last year, President
Apisak Tantivorawong said late Wednesday. (published 0153 GMT)
MALAYAN UNITED INDUSTRIES TO SELL GENERAL INSURANCE ASSETS TO TOKIO MARINE
Malayan United Industries Bhd. said Thursday it plans to sell to
Tokio Marine Insurans Bhd. general-insurance assets and liabilities
of its 52.2%-owned subsidiary MUI Continental Insurance Bhd.
(published 0145 GMT)
POSCO TO ADOPT GOOGLE WORKPLACE SOLUTIONS THIS YEAR
South Korean steelmaker Posco said Thursday it will start using
Google Inc.'s technology and software solutions at its offices and
plants this year, after signing an agreement on the matter in
November. (published 0142 GMT)