Korea M&A Corporation

Sydney, Sep 24, 2007 (RWE via COMTEX) -- AXAPF | charts | news | PowerRating -- (RWE Australian Business News) AXA Asia Pacific Holdings Ltd (ASX:AXA) and its Malaysian joint venture partner, AFFIN Holdings, have been granted approval from Bank Negara Malaysia to start negotiations with a view to the possible acquisition of Malaysian Assurance Alliance Berhad (MAA). This approval is required to ..

ABN AMRO is pleased to announce the completion of its acquisition of the 32 Taitung Business Bank branch licenses, as announced on 8 June 2007. Netherlands-based ABN AMRO is a leading international bank with total assets of EUR 1,120.1 bln (as at 30 June 2007). It has more than 4,500 branches in 53 countries, and has a staff of more than 107,000 full-time equivalents worldwide. ABN AMRO is liste..

MANILA, Philippines -- Shares in Jollibee Foods Corp., the Philippines' largest fast food chain, were firmer in early trading Monday after the company announced it has agreed to acquire another restaurant chain in China, for $50.5 million. At 10:13 a.m., Jollibee was up 50 centavos, or 0.9 percent, at P53.50. Volumes, however, were thin with only 192,300 shares changing hands so far. The stock r..

HONG KONG, Sept. 17 /Xinhua-PRNewswire-FirstCall/ -- China Technology Development Group Corporation today announced the proposed acquisition of all solar energy assets and business of Shenzhen Soyin Electrical Appliance Industrial Co., Ltd. ("Soyin"). The Company expects to contribute US$5.8 million (RMB43, 800,000) in cash consideration to a new joint venture, Shenzhen Shengguang New Energy Tec..

Merrill Lynch & Co., Inc., (NYSE: MER) announced that today it completed the merger of First Republic Bank with and into Merrill Lynch Bank & Trust Co., FSB, a wholly-owned subsidiary of Merrill Lynch. As a result of the transaction, First Republic, a private banking and wealth management firm focused on high net worth individuals and their businesses, will operate as a division of Merrill Lynch..

By Kiyoshi Takenaka - Analysis TOKYO (Reuters) - This week's capital alliance between Sharp Corp. (6753.T: Quote, Profile, Research) and Pioneer Corp. (6773.T: Quote, Profile, Research) will likely kick-start further realignment in Japan's overcrowded electronics sector, which needs to pool resources to survive. Japan's electronics conglomerates have sprawling business portfolios, spreading thei..

HONG KONG, Sept. 19 /Xinhua-PRNewswire/ -- Shanghai Century , a special purpose acquisition company, today announced that Sichuan Kelun Pharmaceutical Co., Ltd (Kelun), China's largest producer of intravenous (IV) solution products, has provided Shanghai Century with unaudited financial highlights with respect to the consolidated results of operations of Kelun and its subsidiaries and variable i..

TOKYO and CAMBRIDGE, England, Sept. 19, 2007 (PRIME NEWSWIRE) -- Sumitomo Chemical Company (Sumitomo Chemical) and Cambridge Display Technology Inc. (Nasdaq:OLED) (CDT), a developer of technologies based on polymer organic light emitting diodes (P-OLEDs), today jointly announced that Sumitomo Chemical has completed its $285 million acquisition of CDT, by means of a merger between CDT and a wholl..

HONG KONG -- The scramble by port operators to invest in the bustling wharves of southern China is evident even in the smallest of deals -- like Hutchison Port Holdings' latest acquisition, an incremental purchase in the biggest port of China's busiest manufacturing region. Hutchison, the world's largest operator of container terminals by volume handled, plans to spend 270.63 million yuan ($36 m..

A move earlier this month by Singapore Airlines and Temasek, the Singaporean government's investment vehicle, to take a minority stake in troubled state-owned carrier China Eastern Airlines likely heralds further consolidation in China's aviation sector. Tie-up targets for international acquirers could include China Southern Airlines , which is China Eastern's state-owned peer, said analysts. Ai..

SHANGHAI (XFN-ASIA) - China B-shares were sharply higher in early trade amid reports that the securities watchdog is still studying the reform of the B-share markets, dealers said. The Shanghai Securities News quoted Qi Bin, director-general of research and strategy at the CSRC, as saying it needs to proceed 'prudently' because market opinion on B-share reform is so diverse, with some proposals ..

Blackstone Group plans to buy 20 to 40 percent stake in chemical maker China National BlueStar (Group) Corp for up to $500 million, according to a source close the to deal. A Chinese state investment agency owns a $3 billion stake of Blackstone. The source said that the deal could be closed within days. ** The future of the U.S. private equity market, at least through the rest of the year, appea..

SAN MATEO, Calif., and SHANGHAI, China, Sept. 9 /PRNewswire-FirstCall/ -- Menlo Worldwide, LLC, the global logistics subsidiary of Con-way Inc. announced today the signing of a definitive agreement to purchase Chic Holdings Ltd. and its wholly owned subsidiaries Shanghai Chic Logistics Co. Ltd. and Shanghai Chic Supply Chain Management Co. Ltd. Menlo is acquiring privately held Chic Holdings Ltd..

The boards of directors of French energy companies Suez and Gaz de France (GDF) have approved a merger plan giving birth to a national energy giant of which the French state would own more than 34 %. The Secretary General of the Elysee Palace Claude Gueant has welcomed the move saying it would create the second or third biggest energy company in Europe with a market capitalisation of about €80 b..

NANJING, China, Sept. 6 /Xinhua-PRNewswire-FirstCall/ -- Ever-Glory International Group, Inc. ("Ever-Glory"), a leading apparel manufacturer in the People's Republic of China ("PRC"), today announced that it has completed the acquisition of Nanjing Catch-Luck Garments Co., Ltd. ("Catch-Luck"). The transaction was funded by a combination of $0.6 million in cash and $9.4 million in common stock. U..

Investors at Sanyo Electric may be revising their line of questioning. Rather than ask which business unit is up for sale, Wall Street watchers may be wondering which business unit is "not" for sale. Sanyo Electric reportedly is entertaining buyout bids from a number of players for its semiconductor business, according to a report Monday in the Wall Street Journal, which cited sources as pegging..

Chang Hwa Commercial Bank (彰化銀行) said yesterday its board has selected Goldman Sachs Group Inc as financial consultant on its planned merger with Taishin Financial Holding Co (台新金控). The lender made the announcement in a filing with the Taiwan Stock Exchange, following a board meeting earlier in the day. Chang Hwa also authorized its chairman, Lee Yung-san (李庸三), to negotiate terms and sign the ..

NEW YORK, Aug. 13 /PRNewswire-FirstCall/ -- Asia Automotive Acquisition Corporation announced that was informed by legal counsel for Hunan TX Enterprise Co Ltd. ("TX") that the Changsha Ministry of Commerce has approved the Equity Acquisition Agreement ("Agreement") previously executed among and between the Company and TX on July 25, 2007. The Company previously announced that pursuant to the Ag..

July 30 (Bloomberg) -- Doosan Infracore Co., South Korea's largest maker of construction machinery, agreed to buy Ingersoll-Rand Co.'s Bobcat and other earth-moving equipment units for $4.9 billion in the country's biggest overseas acquisition. The combined businesses had about $2.6 billion in sales last year and make small loaders, excavators and forklifts, Incheon-based Doosan Infracore said i..

TOKYO, July 20 (Reuters) - Japan's JVC (6792.T: Quote, Profile, Research) has agreed to form a business and capital alliance with Kenwood Corp. (6765.T: Quote, Profile, Research) to boost its financial strength and keep up with fierce price competition, sources close to the matter said on Friday. Under the pact, struggling consumer electronics maker JVC, owned 52 percent by Matsushita Electric I..

US investment firm Lone Star has stopped talks with Singapore's DBS Group Holdings to sell Korea Exchange Bank, a report said. Lone Star chairman John Grayken did not give the reason for the end of the talks, but told Yonhap the Dallas- based fund would keep looking for a buyer for KEB, despite a legal battle over the 2003 purchase of the bank. South Korean prosecutors said in December the US$1...

Hong Kong's controversial rail merger is back on track after lawmakers gave the go-ahead following a marathon debate. The proposed tie-up between the MTR Corp and Kowloon-Canton Railway Corp, which had been blocked many times by government opponents fearing monopolization, was finally endorsed by 30 to 17 votes in the Legislative Council Friday after 24 hours of debate over the past three days. ..

SHENZHEN, China, June 7 /PRNewswire-FirstCall/ -- China Security & Surveillance Technology, Inc. (BULLETIN BOARD: CSCT) , a leading provider of digital surveillance technology in China, today announced that it has completed the acquisition of Changzhou Minking Electronics Co., Ltd. ('Minking'). Under the terms of the transaction, the Company paid a total consideration of RMB 200 million (approxi..

The Yomiuri Shimbun Precision instrument maker Pentax Corp. is poised to accept a proposal to merge with glass and lens maker Hoya Corp. as part of Hoya's takeover bid, it was learned Tuesday. Pentax has unofficially said it is likely to agree to a takeover bid by Hoya and Pentax's largest shareholder, the asset management company Sparx Group. Pentax President and Chief Executive Officer Takashi..

By Takahiko Hyuga April 27 (Bloomberg) -- Citigroup Inc. acquired 61 percent of Nikko Cordial Corp., Japan's third-biggest brokerage, falling short of the shares it needs to take full control. Nikko stock rose to 1,738 yen, more than Citigroup offered, as the U.S. company said it may seek more shares. Citigroup will pay 920 billion yen ($7.7 billion) in cash to Nikko shareholders who accepted th..

NCsoft Challenges Nexon by Acquiring Punch Monster‘s Developer?The Korea-based NCsoft has recently announced to acquire the casual game development company - NextPlay and gain 65% stake.Founded in 2003, NextPlay mainly consists of the former developers of Crazy Arcade, a famous casual game. NextPlay's first casual project Punch Monster, whose operation rights were gained by NCsoft in 2007, used ..

ABN Amro, one of the five biggest Dutch banks, has confirmed that it is holding "exclusive, exploratory talks" with British bank Barclays on a possible merger, Dutch daily Financiele Dagblad reported Tuesday. The two banks on Monday evening said in almost identical statements that the discussions are at an "early and exploratory stage." According to the banks, the approach is the result of "a ca..

DigiCurve, Inc. Broadens Product and Services Range with Asset Acquisition LAS VEGAS--(BUSINESS WIRE)--DigiCurve, Inc. (OTCBB:DCUV - News), a multimedia producer and provider of online content, announced today that it has signed a Letter of Intent to purchase the assets of Global Satellite Broadcasting Corporation (GSBC) of Thailand in an all-stock transaction. "We are very pleased to have the o..

Citigroup has agreed to buy Nikko Cordial, the scandal-hit Japanese broker, for ¥1.3 trillion (€8.5bn) in its largest takeover of an Asian company. The companies released a joint statement this morning which said they had "agreed to form a comprehensive strategic alliance". The ¥1,350 per share deal, which includes the investment banking joint venture Nikko Citigroup, established in 1999, was si..

By Dan Lonkevich and Edward Klump Feb. 26 (Bloomberg) -- Investors led by Kohlberg Kravis Roberts & Co. and Texas Pacific Group will buy TXU Corp., the largest power producer in Texas, for $45 billion in the biggest- ever leveraged buyout. KKR, run by Henry Kravis and George Roberts, and David Bonderman's Texas Pacific, joined by Goldman Sachs Group Inc., will pay $69.25 for each TXU share, 15 p..