Korea M&A Corporation

The second round of bidding will close on August 17 and three local private equity firms - MBK Partners, TStone and Vogo Fund - are in the running for the government's up to $6 billion stake sale, the biggest bank privatization in South Korea. "I can say there is an 80 or 90 percent chance that Goldman will join with MBK," said the source who could not be named due to the sensitivity of the pro..

Amore Pacific’s recent acquisition of French perfumery Annick Goutal has been met with skepticism, with experts challenging both the price and strategy ― and investors reacting correspondingly. Industry insiders say that not only did Amore pay too much ― the deal is rumored to be around 30 billion won ― but also “very little synergy” is expected. Amore Pacific announced Aug. 3 that it reached a..

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Taiwan's Powerchip Technology Corp. (5346.OT) struck a preliminary deal with Japan's Elpida Memory Inc. (6665.TO) on Monday to phase out sales of its own computer memory chips and produce dynamic random access memory chips used in computers exclusively for the Japanese chip maker. The deal, subject to the signing of a final agreement, highlights the competitive nature of the commoditized DRAM in..

Sony Corp. (6758) said Wednesday it will buy Seiko Epson Corp.'s (6724) Chinese subsidiary that makes small and medium-sized liquid crystal displays for CNY775 million ($118.19 million), as the Japanese electronics giant banks on strong demand for displays used in mobile devices and car electronics. Sony's decision highlights how major electronics makers worldwide are trying to ensure they have ..

Sapporo, the smallest of Japan's four major breweries, bought a 22 percent stake in Pokka in 2009 from Japanese private equity firm Advantage Partners and others. Sapporo is planning to boost its stake by buying shares from Advantage Partners and food and dairy firm Meiji Holdings (2269.T), said the source, who spoke on condition of anonymity because the deal has not yet been made public. Sappor..

Nippon Steel Corp president Shoji Muneoka (left) shakes hands with Sumitomo Metal Industries president Hiroshi Tomono at their joint news conference in Tokyo on Thursday as they announced plans to create the world's No 2 steel-maker. News of the proposed merger fanned expectations of further consolidation in the fragmented industry, sending Japanese steel-makers' shares surging on Friday. Shares..

Mahindra & Mahindra (M&M), India’s largest maker of sports utility vehicles (SUV), said that it has been selected the preferred bidder for the acquisition of a majority stake in South Korean SUV maker Ssangyong Motor Company (SYMC). The Indian auto major outbid other firms, including Kolkata-based P K Ruia Group, which is the owner of Dunlop and Falcon tyres. M&M would now get into a memorandum ..

Chinese state-run investment company Citic Group has acquired a majority stake in Tokyo-based cardboard maker Tri-Wall KK, the Nikkei business daily reported without citing sources. Citic’s private-equity arm Citic Capital Partners paid several billion yen for shares held by Tri-Wall investors. It plans to back Tri-Wall’s expansion and aims at listing the box maker’s stock in Hong Kong in a few ..

It's not quite as stunning as the earlier announcement regardingTurbine and Warner Bros, but for the free-to-play world a big shakeup has taken place. Nexon, known for MapleStory, Mabinogi, and the upcoming Vindictus among others, has acquired a controlling share of NDOORS Interactive, known principally forAtlantica Online. The deal was announced in Korea late Monday evening, with Nexon explaini..

STOCKHOLM, SWEDEN, May 03, 2010 (MARKETWIRE via COMTEX) -- ASSA ABLOY has signed an agreement to acquire King Door Closers, Korea's leading manufacturer of door closers and floor springs. King has a comprehensive range of basic and certified commercial and residential door closers as well as a complete range of floor springs. The product offering has given King a very strong presence within the ..

VANCOUVER, BRITISH COLUMBIA, May 03, 2010 (MARKETWIRE via COMTEX) -- Cantronic Systems Inc., ("Cantronic" or the "Company") /quotes/comstock/11v!e:cts (CA:CTS 0.39, +0.04, +11.43%) , today announced that it has entered into a definitive agreement to acquire Actiontop Electronics (consisting of 100% of the equity interest of both Actiontop Electronics (Shenzhen) Co. Ltd. and Actiontop Electronics..

The unit of Hitachi will buy 100% stake in the logistics firm in a cash deal. In a landmark deal, Hitachi Transport System Ltd of Japan, a unit of Hitachi Ltd of Japan, has acquired Flyjac Logistics Pvt Ltd, a leading domestic logistics major for Rs 250 crore. In an all cash deal, the 100% stake from the promoters would be bought by Hitachi Transport. Ambit Corporate Finance Pte Ltd is the sole ..

Source from http://www.reuters.com/article/idUSTRE60B1QP20100112 SHANGHAI (Reuters) - China's second-largest online game company Shanda Games (GAME.O) made its first U.S. acquisition on Tuesday, buying online game firm Mochi Media for $80 million, to advance its global ambition and consolidate its position in an increasingly competitive Chinese market. The deal, which comprises $60 million in ca..

Zeria Pharmaceutical Co., a Japanese drugmaker, agreed to buy Switzerland’s Tillotts Pharma AG for 136 million Swiss francs ($128 million), gaining some rights for a medicine to treat ulcers in the rectum and colon. Zeria will get rights to sell the drug Asacol in 53 countries in Europe and the Middle East, the Tokyo-based company said in a statement today. The agreement with closely held Tillot..

HONG KONG — The Royal Bank of Scotland sold parts of its Asian operations to a rival, the Australia and New Zealand Banking Group, on Tuesday for $550 million, a move that helped the stricken British lender raise much-needed cash and allowed ANZ to broaden its profile in Asia. ANZ, one of Australia’s four largest banks, is buying Royal Bank of Scotland’s retail, wealth and commercial businesses ..

Elpida Memory Inc. of Japan will take over Qimonda AG's graphics business, the German-based memory chip maker's bankruptcy administrator said Thursday. Administrator Michael Jaffe gave no details of the value of the transaction, which will see Elpida take over Munich-based Qimonda's Graphics Double Data Rate technology. The deal "maintains development capacities and highly qualified jobs at the ..

China’s Jilin provincial government ordered Jianlong Group to abandon a buyout plan of state-owned Tonghua Iron & Steel Group after a manager was killed in a weekend brawl, state-run Beijing News said today. Several thousand Tonghua workers yesterday staged a rally to protest being taken over by Jianlong, attacking the closely held company’s representative Chen Guojun and battering him to death,..

China Natural Resources Inc a company based in the People's Republic of China announced that on July 10th 2009 it consummated the acquisition of 1. All of the issued and outstanding capital stock of Pineboom Investments Limited and its wholly-owned subsidiaries 2. The outstanding indebtedness owing by the Coal Group to the related party seller on the closing date. Pineboom, through its operating..

China Security & Surveillance Technology, Inc which is listed on Dubai's NASDAQ says that it has signed letters of intent to purchase 100% ownership of Zhejiang Loyal Co., Ltd. ("Zhejiang Loyal") and Anhui Guangcheng Technology Co., Ltd. ("Anhui Guangcheng"). CSST will pay RMB110 million (approximately US$16.1 million based on an exchange rate of USD 1.00 to RMB 6.83) and RMB20 million (approxim..

Industrial & Commercial Bank of China Ltd., the world’s biggest bank by market value, is in talks with the Thai government to buy a controlling stake in ACL Bank Pcl, Finance Minister Korn Chatikavanij said. ICBC is seeking government approval to own more than a 49 percent stake in ACL, Korn told reporters yesterday in Samui island, Surat Thani province, 685 kilometers (428 miles) south of Bangk..

SkyCross has announced it has acquired Shanghai Universe Communications Electronics Co. Ltd., a Chinese antenna manufacturer, for an undisclosed sum. The Viera-based, privately-held SkyCross said the acquisition will enable the firm to provide expanded global support and high-volume manufacturing to wireless consumer electronics companies. SkyCross is a global wireless company providing antenna ..

Pantheon China Acquisition Corp. ("Pantheon") (OTCBB:PCQC) announced today that its shareholders approved its Agreement and Plan of Merger, Conversion and Share Exchange by Pantheon, China Cord Blood Services Corporation ("CCBS") at Pantheon's special meeting of stockholders on June 29, 2009. Pantheon also announced today the closing of business combination transaction between Pantheon and CCBS ..

China Networks International Holdings, Ltd., a British Virgin Islands company ("CN Holdings") (NYSE Amex: CNR) and Alyst Acquisition Corp., a special purpose acquisition company ("Alyst"), today announced that they completed both the previously announced redomestication merger of Alyst in the British Virgin Islands by merging Alyst with and into CN Holdings and the subsequent business combinatio..

China Discovery Acquisition Corp., a US-based blank check company, has acquired 100% stake in HeNan Smart Food Company, a China-based producer of instant noodles. Announcement (April 14, 2009): China Discovery has entered into a share exchange agreement to acquire 100% stake in HeNan for a consideration of approximately $87.4 million. Under the terms of the transaction, China Discovery will acqu..

Lianhua Supermarket, a subsidiary of the Bailian Group, has announced that it will acquire a 100% stake in Hualian Supermarket from Bailian Group for CNY492 million. With the implementation of the acquisition, Hualian experiences major executive changes. According to a report published by the company, Hua Guoping, the former general manager for Bailian's supermarket business department, has been..

A private Chinese shoe manufacturer is in discussions with Pierre Cardin for possible acquisition, media reports stated yesterday, quoting the Chinese company's chairman Liu Jianxue. Guangzhou Jiansheng Trading, once a marketing agent for Pierre Cardin, expected the talks with the French firm to yield a result in a month's time, the report said. The paper quoted Europe-based Chinese language med..

The Rothschild Group is reviewing about 60 possible cross-border mergers and acquisitions in Japan, said Keiichi Mitake, head of the firm’s new local advisory partner Global Advisory Japan. London- and Paris-based Rothschild, which ended an alliance with Nomura Holdings Inc. last year, is seeking advisory mandates for merger and acquisition deals between Japanese and European or Asian companies ..

Microtune Inc. said Friday it would buy Auvitek International Ltd., a privately owned China-based maker of semiconductors for HDTV, for $9 million in cash and stock. After the announcement, Microtune shares fell 18 cents, or 8 percent, to $2.02 in early afternoon trading. Microtune said it will pay $6.8 million in cash and one million shares of Microtune stock. The acquisition is expected to clo..

Kohlberg Kravis Roberts & Co KKR.UL has reached a deal to unload half of the equity in South Korea's No.2 beer maker, which it agreed to buy for $1.8 billion, to Affinity Equity Partners, two sources with direct knowledge of the process said on Tuesday. KKR is planning to complete its acquisition of Oriental Brewery (OB) from Anheuser-Busch InBev INTB.BR during the current quarter, the top priva..