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Korea M&A Corporation
Desert Mines and Metals (ASX: DSN) will use an acquisition to gain exposure to the South Korean molybdenum sector, which includes the Daehwa Project - one of the largest historical molybdenum mines in the country. At the project a South Korean Government funded drilling program in progress, with recent drilling confirming molybdenum and tungsten mineralisation. Importantly there is an establishe..
China Green Star Agricultural Corporation (TSX VENTURE:GRE) (the "Company") today announced that its Chinese operating subsidiary, Fujian Province Pucheng County Star of Green Food Stuff Company Ltd. (the "Purchaser"), has entered into a binding Letter of Intent (the "LOI") to acquire a Chinese tomato pulp producer, located in northeastern China. The acquisition price, of 35 Million RMB (CDN $5...
A central China-based meat processing company is acquiring Smithfield Foods for 4.7 billion U.S. dollars. It’s reported that Shuanghui offered 34 dollars a share for Smithfield, a 31-percent premium to its closing stock price on Tuesday.The Chinese company will assume 2.4-billion of Smithfield’s debt. This would mark the largest Chinese takeover of a U.S. company, with an enterprise value of 7.1..
On January 1, the Korea Trade-Investment Promotion Agency (KOTRA) launched the Global M&A Center to address the increase in global mergers and acquisitions (M&A), growing desire among Korean smalland medium-sized enterprises (SMEs) to pursue crossborder M&A transactions and the new government’s pledge to activate the M&A market in Korea. The Center will assist Korean companies pursuing small- to..
China's Internet giants have gone on a new acquisition spree in recent months as they ramp up their efforts to diversify their business amid the industry's constantly changing dynamics. Alibaba Group, China's leading e-commerce firm, announced last week that it will pay USD 294 million for a 28 per cent stake in a digital mapping company, AutoNavi Holdings Ltd. The move follows Alibaba's recent ..
China State Grid Corp., the nation’s largest power distributor, agreed to pay Singapore Power Ltd. A$824 million ($810 million) for 19.9 percent of Australia’s SP AusNet as part of its $50 billion global acquisition plan.The Chinese state-owned company will also acquire 60 percent of Singapore Power’s other Australian energy and infrastructure assets held by SPI (Australia) Assets Pty, the Singa..