Korea M&A Corporation

Shearman & Sterling LLP is representing Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) on its proposed acquisition of Hummer from General Motors Corp. (GM). Tengzhong, a major industrial machinery group, will acquire the rights to the Hummer brand, along with a senior management and operational team. As part of the deal Tengzhong will assume existing dealer agreements relating..

Japan regained its spot as the Asian-Pacific region's most active country in mergers and acquisitions in the first quarter, edging out China, which had upstaged Japan for most of last year. A steady stream of domestic consolidation is buoying deal activity in Japan as companies feel the effects of the country's worst postwar recession. From January to March, albeit in a period when the overall n..

The parent group of South Korea's largest bank Kookmin is seeking to raise up to $3 billion through a share sale by around the third quarter, a banking source said on Friday, as it prepares for a surge in bad loans and possible acquisitions. KB Financial Group's (105560.KS) planned sale would come after Korean banks have already raised a combined 28 trillion won ($22.5 billion) through issues of..

SHANGHAI/HONG KONG, June 8 (Reuters) - Shares of China Eastern Airlines (600115.SS)(0670.HK) and smaller Shanghai Airlines (600591.SS) were suspended on Monday after media said the two loss-making carriers were close to a merger deal. Shanghai Air Vice President Feng Xin told the South China Morning Post the two Shanghai-based carriers got instruction from the government to consolidate their ass..

Tsingtao Beer, China's second largest brewer, said yesterday it would buy Jinan Beer, a beer producer from Shandong province, for 250 million yuan ($36.66 million). Analysts said the move was a way to fend off archrival Snow in the fight for the nation's beer market. Tsingtao said it had signed a contract with Shandong Commercial Group to buy its subsidiary, which has an annual beer output of 30..

Jun. 9, 2009 (China Knowledge) - Sinopec, the largest refiner in Asia by capacity, reportedly hopes to purchase a 100% stake in Canada-based Addax Petroleum Corp, which is engaged in the oil and gas businesses in Africa and selected countries in the Middle East, for up to US$8 billion, the South China Morning Post reported on Jun. 8. Su Shulin, board chairman of Sinopec, has mentioned that the f..