Korea M&A Corporation

Repsol YPF SA is in talks with China National Petroleum Corp. and China National Offshore Oil Corp. about a sale of a stake in its Argentinean unit, three people familiar with the discussions said. China National Petroleum, or CNPC, may make an offer of about $13 billion to $14.5 billion for Repsol’s 75 percent stake in YPF SA this month, said one of the people, who declined to be identified bec..

Waytronx Inc. on Monday said it has acquired a Japanese maker of electronics components in a strategic acquisition it believes will boost its penetration in Japan. Tualatin-based Waytronx (OTCBB: WYNX), a provider of openly licensable advanced systems cooling solutions, acquired Comex Instruments Ltd. and 49 percent of Comex Electronics Ltd., as well as an associated distribution network for $26..

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 ..

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..

China Eastern Airlines Corporation Limited (the "Company"; NYSE "CEA"; SEHK "0670"; SSE "600115"), announces that, following a request made by the Company to the Stock Exchange of Hong Kong Limited, trading in its H shares has been suspended with effect from 9:30 a.m. on June 8, 2009, in connection with the Company's planned material joint restructuring with Shanghai Airlines Corporation Limited..

Shinsei Bank Ltd., backed by investor Christopher Flowers, and Aozora Bank Ltd. agreed to a $5.9 billion merger to form Japan’s sixth-biggest bank after losses on overseas investments. The Tokyo-based banks named Norito Ikeda, 61, former president of Japanese regional bank Ashikaga Bank Ltd., as chief executive officer of the new company, according to a statement to the Tokyo Stock Exchange. Eac..

Kumho Asiana Group has decided to sell its stake in Daewoo Engineering and Construction, which it bought in 2006. The move is aimed at preventing the entire group from suffering an intensifying liquidity crunch that is rooted in the purchase of the builder. This means Korea's largest corporate acquisition has failed in just three years. Kumho Asiana Group bought a 72.1 percent stake in Daewoo fr..

Sinopec, with its $7.2 billion bid for Addax Petroleum, is seeking crucial production capacity and coveted reserves in West Africa and the Middle East to help balance its heavy reliance on crude oil processing. News that Addax's board had approved the offer by Sinopec, formally known as China Petroleum & Chemical Corp., helped push the Beijing-based company's shares up 1.6 percent Thursday to 10..

Cantronic Systems Inc. ("Cantronic" or the "Company") (TSX VENTURE:CTS) announced today that pursuant to the news release issued by the Company on May 13, 2009, it has completed the acquisition of a 51.0 percent interest in Shenzhen Huanghe Digital Technology Co. Ltd. ("Yellow River") in China. Established in 2005, Yellow River is a profitable leading designer and manufacturer of digital IP-base..

JAPAN'S march to take over Australian and New Zealand beverage companies passed another milestone yesterday when the Foreign Investment Review Board gave its blessing for Kirin Holdings' bid for trans-Tasman brewer Lion Nathan. The FIRB said it had no objections to Kirin's proposed acquisition of the 53.87 per cent of Lion Nathan it did not already own, by way of a scheme of arrangement for curr..

Japanese electronics maker Panasonic Corp (6752.T) has made major progress in talks with anti-trust regulators on its planned takeover of Sanyo Electric Co Ltd (6764.T), and is considering launching a tender offer for the smaller rival as early as next month, Kyodo news agency said. Panasonic announced in December it would spend up to 800 billion yen ($8.3 billion) to take control of Sanyo, fort..

Chinese electronics retailer Suning has announced that the company will buy 66.67 million directed additional shares from the Japanese electronics retailer Laox at the price of JPY12 per share. This is the first time for a Chinese retail company to acquire a Japanese listed company and it is the first for a Chinese home appliances chain to enter the overseas market in such a big way. Suning will..

Denison Mines and Korea Electric Power Corp (Kepco) have signed definitive agreements relating to the South Korean utility acquiring a 17% stake in the Canada-based uranium mining company, as well as an offtake agreement. In April, the companies entered into a non-binding memorandum of understanding (MoU) under which Kepco would purchase one-fifth of Denison's U3O8 production and acquire a 19.9%..

South Korea's Doosan Group is planning to buy a Czech turbine maker, Skoda Power, in a deal that is expected to be worth about $633 million, a spokesman at Doosan Corp said on Monday. The acquisition, if successful, would complement Doosan's power equipment business by adding Skoda-owned turbine technologies. "Our group is pursuing the deal, but details such as which unit in Doosan Group would a..

KKR & Co.’s $1.8 billion purchase of Oriental Brewery Co., at the time the biggest leveraged buyout in more than nine months, shows how private equity firms can replace banks in offering liquidity to cash-starved companies. The New York-based firm’s agreement last month to acquire South Korea’s second-biggest brewer from Anheuser-Busch InBev NV allows AB InBev to repurchase the company in five y..

Venture One Capital Corp. ("Venture One" or the "Corporation") (TSX VENTURE:VO.P) is pleased to announce that it has entered into a letter of intent dated effective June 15, 2009 (the "Letter of Intent") with NMC, Inc. ("NMC") and Dongwon Corporation ("Dongwon"), whereunder it is anticipated that the Corporation will acquire all of the issued and outstanding shares of NMC, the owner and operator..

One of the top mergers and acquisitions bankers at Goldman Sachs in Asia is retiring after 19 years with the firm, according to a memo obtained by Reuters on Tuesday. Johan Leven, the co-head of mergers and acquisitions at Goldman in Asia, excluding Japan, has decided to retire from the firm in September, the memo says. Richard Campbell-Breeden will become head of the division. Campbell-Breeden,..

AU Optronics Corp. (AUO) recently announced it will buy a 50% share in polycrystalline silicon maker M. Setek Co., Ltd. of Japan for US$125 million. The acquisition will offer AUO access to the solar-energy business, which the LCD maker has been watching for a while. The company chairman, K.Y. Lee said green-energy industries have become attractive to big enterprises, ith energy saving and clean..

Takeda Pharmaceutical Company Limited ("Takeda", TSE: 4502) today announced the completion of its acquisition of IDM Pharma, Inc. (“IDM”, NASDAQ: IDMI) for US$2.64 per share in cash, through a short-form merger of Jade Subsidiary Corporation (“Jade”), a wholly owned subsidiary of Takeda America Holdings, Inc., which is a wholly owned subsidiary of Takeda, into IDM. With the consummation of the m..

KongZhong Corp. (NASDAQ: KONG), a mobile internet firm in China, said it has entered into a definitive agreement to acquire the entire issued share capital of Simlife International, Inc., a Chinese mobile game developer. Under the deal, KongZhong has agreed to pay $3 million in cash to the shareholders of Simlife. An additional payment of $1.25 million in cash and the issuance of six million of ..

Chinese power company GCL-Poly Energy Holdings said yesterday that it would pay $3.38 billion for a Jiangsu Province solar parts maker controlled by its chairman, in a move to tap into the country’s growing solar energy industry. China is expected to raise its 2020 solar power generation target more than five-fold to at least 10 gigawatts, or 10 billion watts, enough to power 10 million homes. T..

Areva said on Monday that South Korea's Hydro and Nuclear Power had agreed to take a stake in a unit of the French state-owned nuclear group. KHNP, which generates 40 percent of South Korea's electricity, will take a 2.5 percent stake in Societe d'Enrichissement du Tricastin, which runs the Georges Besse II plant in southern France, Areva said in a statement. Areva has said it would use industri..

Monday, reports said that five companies are in the running to acquire Japan-based asset management group Nikko Asset Management Co. Ltd, a unit of the U.S. Financial services giant Citigroup Inc.(C: News ). Sumitomo Mitsui Financial Group Inc. (SMFNF.PK: News , SMFJY.PK), Sumitomo Trust & Banking Co., Mizuho Financial Group Inc.(MFG: News ), brokerage firm Nomura Holdings Inc. (NMR: News )and i..

Asian venture capital company Pacific Venture Partners on Tuesday said it sees fabless semiconductor companies and the clean energy sector as good investments, although high spending in some solar energy firms might be a deterrent. Pacific Venture, which manages a fund of $800 million, was also betting on technology sectors that would benefit from closer Taiwan and China ties, Partner Ben Yang t..

Haier Group, the Chinese company that owns the world’s biggest refrigerator maker, is seeking acquisitions or partnerships in an effort to build a global electronics brand. The company, which is buying 20 percent of New Zealand’s Fisher & Paykel Appliances Holdings Ltd., wants to achieve “a similar leadership position” for products including high- definition televisions and washing machines, Pre..

TOKYO, June 17 (Reuters) - Daiwa Securities Group Inc (8601.T), Japan's second-largest broker, will buy a real estate management unit of KK DaVinci Holdings (4314.OJ) to expand its property business, three sources familiar with the matter said. Daiwa plans to buy all shares of KK DaVinci Select, which manages the assets of real estate investment trust (REIT) DA Office Investment Corp (8976.T), t..

June 16 MetalBiz--Chinese Ministry of Industry and Information Technology (MIIT) is mulling rules on Merger and Acquisition (M&A) of steel enterprises in order to guide and regulate their M&A acts, said Yang Xueshan, vice minister of MIIT on June 15. Meanwhile, Yang stressed the importance of M&A to optimize the steel industry's structure in the backdrop of steel capacity oversupply in the domes..

Sinopec’s reported bid of $7.84 billion for Addax Petroleum is more than just another example of China’s well-documented desire to acquire global energy resources. It also highlights a shift from attempted large-scale acquisitions — such as Chinalco’s failed grab for an 18 percent stake in Rio Tinto — to smaller M&A deals. Note: There is some question about the vailidity of the bid. Bloomberg re..