Korea M&A Corporation

Teck Resources (Teck) confirmed Friday that China Investment Corp (CIC), China’s sovereign wealth fund, will buy a 17.2% equity stake in the Vancouver-based mining company for C$1.74 billion (US$1.5 billion). Teck undertook the deal to improve its balance sheet and to strengthen its ties with the world’s largest commodities market. The deal is a continuation of China’s recent commodities buying ..

Chinese equipment maker Shanghai Jwell Extrusion Machinery Co. Ltd. is building a new factory in Suzhou to significantly expand its capacity, as executives say they are looking at an European acquisition. The Shanghai-based company, which employs 2,000 at 13 factories in China, opened the initial phase of a 100,000 square meter (1.07 million square foot) facility in Suzhou, Jiangsu Province this..

Africa-focused emerging miner Central African Mining and Exploration Company (Camec) has entered into a long-term sales agreement with China’s Zhejiang Galico Cobalt & Nickel Materials, to deliver its Mukondo Mountain mine’s entire annual production of cobalt contained concentrate. The mine, in the Democratic Republic of Congo (DRC) produces between 6 000 t/y and 8 000 t /y of cobalt in containe..

China 3C Group ("China 3C" or the "Company") (OTC Bulletin Board: CHCG), a retailer and wholesale distributor of consumer and business products in China, today announced that it has completed the previously announced acquisition of Jinhua Baofa Logistic, Ltd. ("Jinhua"), a transportation logistics company in Eastern China. As previously disclosed on December 29, 2008, the transaction was structu..

China Mengniu Dairy Co. climbed to the highest in 10 months in Hong Kong trading after gaining HK$6.12 billion ($790 million) of capital from Cofco (Hong Kong) Ltd. and Hopu Investment Management Co. Mengniu, China’s biggest maker of liquid milk, jumped 10 percent to HK$21.05 as of 10:19 a.m. local time. The stock was raised to “neutral” from “underperform” at Credit Suisse AG. Cofco, part of Ch..

Nomura Holdings Inc., Japan’s biggest brokerage, is seeking a partner in China to help it establish an equity underwriting business in the world’s second best- performing stock market. The push into China is part of Nomura’s goal to get 50 percent of revenue from outside Japan in the next two years, from 30 percent currently, Siggi Thorkelsson, head of Asia- Pacific equities, said in an intervie..