Korea M&A Corporation

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..

American Oriental Bioengineering, Inc. (NYSE:AOB), a leading manufacturer and distributor of plant-based pharmaceutical and nutraceutical products, announced Thursday that it has completed the acquisition of Guangxi Boke Pharmaceutical Company Limited. The all-cash acquisition, valued at US$36.5 million, was expected by the company to be immediately accretive to earnings. Based in Nanning, Guang..

NEW YORK, Oct. 1 /PRNewswire-FirstCall/ -- Sixty-seven venture-backed mergers and acquisitions were completed in the third quarter of 2007, 34 of which had disclosed values totaling $7.7 billion, according to the Exit Poll report by Thomson Financial and the National Venture Capital Association (NVCA). This dollar volume represents a 104 percent increase from the same quarter last year when 41 d..

TOKYO, Sept 28 (Reuters) - Mitsui Fudosan Co (8801.T: Quote, Profile, Research) said on Friday it would buy a 33.16 percent stake in Imperial Hotel Ltd (9708.T: Quote, Profile, Research) for 86.2 billion yen ($748.2 million), fuelling further competition in the Tokyo hotel market. Mitsui Fudosan will buy 9.85 million shares of Imperial Hotel, Japan's fifth-largest domestic hotel chain operator, ..

TOKYO JAPAN, September 26, 2007 ----- TDK Corporation (TDK) announced that today it concluded an agreement with Alps Electric Co., Ltd. (Alps) regarding the transfer of Alps' equipment and intellectual property rights such as patents and know-how concerning its HDD head business. The agreement was approved by both companies' boards of directors and is the culmination of negotiations following a ..

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..

Sept. 18 (Bloomberg) -- Goldman Sachs Group Inc. and Lehman Brothers Holdings Inc. are getting less than half the minimum fees typically charged for arranging a $3 billion Taiwan banking merger, three people familiar with the terms of the deal said. Goldman, the world's leading takeover adviser, accepted less than $1 million for advising state-backed Chang Hwa Commercial Bank on its union with T..

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 ..

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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..

MUMBAI: ICICI Bank will play a larger role in financing M&A deals for Indian companies looking abroad. This is, in fact, one of the reasons for the massive public issue just completed by the bank, according to Chanda Kochhar, deputy managing director, ICICI Bank. “With India Inc spending so much on global acquisitions, there is a need for banks like us to increase our balance sheet,” she said, s..

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...