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Korea M&A Corporation
SEOUL, South Korea: South Korea's Samsung Electronics Co. said Wednesday it has purchased an Israeli developer of image sensors in its first acquisition in over a decade. Samsung bought Tel Aviv-based and privately held TransChip Israel Ltd. and turned it into one of its research and development centers, said Samsung spokeswoman Lee Eun-hee. The purchase took effect Oct. 1, she said. The Korea E..
GCA Holdings Corp. shares surged as much as 17 percent, the stock's daily allowable gain, after the investment-advisory firm said it will acquire a U.S. company. The shares rose as much as 100,000 yen to 694,000 and finished the morning trading session on the Tokyo Stock Exchange at 663,000. Tokyo-based GCA, the second-ranked Japanese adviser on mergers this year, will acquire closely held Savvi..
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HONG KONG: WEBSUMMARY: Grand China Air to sell shares for fleet growth It will join other carriers in expansion race Grand China Airlines, part-owned by the U.S. financier George Soros, said it may raise more than 5 billion yuan, or $645.8 million, in a Hong Kong stock sale this year, as it seeks funds to expand its fleet. "We are actively preparing for the sale, aiming to make it happen this ye..
SEOUL, South Korea -- In a sign that South Korea's booming shipbuilders are diversifying, STX Shipbuilding Co. said it bought 39.2% of Aker Yards ASA, a Norwegian builder specializing in cruise ships, for $800 million. For STX Shipbuilding, South Korea's fifth-largest shipbuilder by volume of orders, the investment provides a foothold in the high-margin cruise-ship market -- a segment that has b..
Sinobiomed Inc. ("Sinobiomed", or "the Company") (OTCBB: SOBM) is pleased to update on the acquisition, by its 82% owned subsidiary, Shanghai Wanxing Bio-pharmaceuticals Co., Ltd. ("Shanghai Wanxing"), of Suzhou Boai Medical Development Co., Ltd. ("Suzhou Boai"). On August 26, 2007, the equity owners of Suzhou Boai holding 90% of the equity of Suzhou Boai formally transferred their equity owners..