Korea M&A Corporation

SEOUL, April 17 (Yonhap) -- Three investors offered bids Friday to buy Pantech Co., the cash-strapped South Korean handset maker currently under court protection, industry sources said, reviving hopes that the long-pending sale would soon resume after previous attempts failed due to a lack of interest.The names of the three investors were not immediately known, although one of them is said to be..

East Balt previously had a minority ownership position in K.F.S.C., which included a distribution business as well as a bakery business.As a result of the transaction, East Balt will own 80% of a newly formed company, East Balt Korea, which will focus only on the bakery operations. The majority ownership is expected to add approximately USD 20 million in sales revenue to East Balt on an annual b..

Six investors including SK Networks Co. and private equity firm MBK Partiners have submitted their final bids to buy South Korea's biggest car rental firm KT Rental, in what could be the largest merger and acquisition deal in the first half, industry sources said Wednesday.KT Corp, the parent of KT Rental, put their entire stake in the car-rental service firm up for sale in June in a deal expect..

Samsung Securities and Samsung Life Insurance will invest tens of billions of won in a private equity fund (PEF) set up by Rothschild Merchant Banking, the private equity investment arm of Rothschild Group. The securities affiliate of Samsung Group said that the British financial company will run the PEF, which will target undervalued European companies. "We are in talks with Rothschild over inv..

MBK Partners, the largest private equity firm in Korea, became a new owner of ING Life Korea after much controversy.The Financial Services Commission (FSC) announced at its December 11 meeting that it approved Life Investment Ltd., a special purpose company established by the Korean private equity fund MBK Partners for the transaction, as the largest shareholder of ING’s wholly-owned life insura..

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.SBI HOLDINGS, INC.(Incorporate..

Korea’s largest online game developer Nexon bought Norway’s Stokke AS, the maker of well-known children’s Tripp Trapp highchairs. Nexon’s holding company NXC Corp. announced on December 15 that it acquired a 100% stake in Stokke through its subsidiary NXMH that specializes in investment based in Belgium. Although the purchase price was not made public, Norwegian media outlets reported the price ..

Samsung and Best Buy, one of the biggest retailers in the U.S., already enjoy quite a comfortable relationship. The Korean manufacturer has opened up “Experience Shops” in nearly 1,400 Best Buy outlets, which are essentially a Samsung store within a Best Buy store. The outlets benefit from the foot traffic while Best Buy would presumably be earning from loaning out its retail space. Recently the..

CALGARY, ALBERTA--(Marketwired - Oct. 9, 2013) - CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA) is pleased to announce that it has signed an arms-length non-binding letter of intent dated October 3, 2013 (the "LOI") with Global Neuro Technologies Inc. ("GNT"), a private company incorporated under the laws of the British Virgin Islands, whereby the Company will acquire all ..

Ansell Ltd, the maker of condoms and surgical gloves, has bought South Korean industrial glove-maker Midas Ltd for $US41.1 million ($A43.5 million), including debt. Eight years ago, Midas was chosen by Ansell to become a supplier.Midas, a closely held company founded in 1998, now has annual revenue of about $US30 million and 300 employees. It makes knitted and cut-resistant gloves with polyureth..

The €338bn asset manager APG has invested almost €170m in warehouses in Japan through LaSalle Investment Management's Japan Logistics Fund III.The club-style fund, which closed on €325m, will focus on modern multi-tenanted logistics facilities in Greater Tokyo and Greater Osaka, according to LaSalle.The Dutch asset manager said: "In general, APG considers investing in logistic warehouses as attr..

Korea's Kolon Group will invest in a pharmaceutical plant in West Africa by establishing a joint venture with Saudi Arabia's sovereign wealth fund. According to investment banking sources on July 31, Kolon Group had signed an agreement on the 26th with the Islamic Corporation for the Development of the Private Sector, or ICD, to jointly invest in a pharmaceutical plant in Cote d'Ivoire. The ICD ..

Samsung Group was reported to be nearing the completion of an acquisition agreement with Novaled AG, a German company that made materials used to light up television screens and smartphones. The deal would cost more than US$200 million. This information came from two sources who were familiar with the matter."We are internally reviewing plans to acquire Novaled, but no details have been set yet,..

China Auto Logistics Inc. (the "Company") (NASDAQ: CALI), a top seller in China of luxury imported automobiles, a leading provider of auto-related services, and developer and operator of a leading automobile portal and auto-related websites, announced today that a wholly owned subsidiary of the Company has signed a non-binding Letter of Intent (the "LOI") to acquire and operate the Airport Inter..

Pantech is expected to break through its struggling smartphone business as it will receive investment from Samsung Electronics.According to both companies on Wednesday, Samsung Electronics will buy a 10.03 percent stake in Pantech at 53 billion won (47.55 U.S. million dollars) through issuance of new stocks via third party allotment. When the deal is finalized, Samsung Electronics will become Pa..

Desert Mines and Metals (ASX: DSN) will use an acquisition to gain exposure to the South Korean molybdenum sector, which includes the Daehwa Project - one of the largest historical molybdenum mines in the country. At the project a South Korean Government funded drilling program in progress, with recent drilling confirming molybdenum and tungsten mineralisation. Importantly there is an establishe..

China Green Star Agricultural Corporation (TSX VENTURE:GRE) (the "Company") today announced that its Chinese operating subsidiary, Fujian Province Pucheng County Star of Green Food Stuff Company Ltd. (the "Purchaser"), has entered into a binding Letter of Intent (the "LOI") to acquire a Chinese tomato pulp producer, located in northeastern China. The acquisition price, of 35 Million RMB (CDN $5...

A central China-based meat processing company is acquiring Smithfield Foods for 4.7 billion U.S. dollars. It’s reported that Shuanghui offered 34 dollars a share for Smithfield, a 31-percent premium to its closing stock price on Tuesday.The Chinese company will assume 2.4-billion of Smithfield’s debt. This would mark the largest Chinese takeover of a U.S. company, with an enterprise value of 7.1..

On January 1, the Korea Trade-Investment Promotion Agency (KOTRA) launched the Global M&A Center to address the increase in global mergers and acquisitions (M&A), growing desire among Korean smalland medium-sized enterprises (SMEs) to pursue crossborder M&A transactions and the new government’s pledge to activate the M&A market in Korea. The Center will assist Korean companies pursuing small- to..

China's Internet giants have gone on a new acquisition spree in recent months as they ramp up their efforts to diversify their business amid the industry's constantly changing dynamics. Alibaba Group, China's leading e-commerce firm, announced last week that it will pay USD 294 million for a 28 per cent stake in a digital mapping company, AutoNavi Holdings Ltd. The move follows Alibaba's recent ..

China State Grid Corp., the nation’s largest power distributor, agreed to pay Singapore Power Ltd. A$824 million ($810 million) for 19.9 percent of Australia’s SP AusNet as part of its $50 billion global acquisition plan.The Chinese state-owned company will also acquire 60 percent of Singapore Power’s other Australian energy and infrastructure assets held by SPI (Australia) Assets Pty, the Singa..

CGI Korea (Korea M&A) & Shinhan Bank advised on the divestment of Plasmart, leading plasma technology company. ----------------------------------------------------------------------------------------------------------------------------ANDOVER, Mass., Aug. 30, 2012 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (Nasdaq:MKSI), a global provider of technologies that enable advanced processes and improve..

Nestle SA (NESN)’s biggest acquisition in China is giving traders a chance to reap a 23 percent profit without the risk of losing any money on the deal. Nestle agreed to buy 60 percent of Hsu Fu Chi International Ltd. (HFCI), the Dongguan, Guangdong-based candy maker, for S$2.07 billion ($1.7 billion) in July. After surging above the all-cash offer of S$4.35 a share, Hsu Fu Chi gave up all the g..

China's state-owned Bright Food Group has agreed to buy Australian branded food business Manassen Foods, giving it an enterprise value (EV) of over A$500 million ($516 million), a person with direct knowledge of the matter told Reuters on Sunday. Bright Food is buying 75 percent stake in Manassen, which is being sold by CHAMP Private Equity. The deal will mark Bright's biggest ever overseas acqu..

SandRidge Energy completed a major deal this week with Korean investment firm Atinum Partners, to fast track the development of its large holding in the Mississippian horizontal oil play. The deal will involve Atinum paying $250 million up front and another $250 million in a cost carry for a 13.2% interest in 860,000 acres. The Mississippian play in Oklahoma and Kansas is an oil weighted play th..

INDONESIA'S CENTRAL BANK has temporarily barred takeovers in the banking sector, citing upcoming ownership rules, sowing more uncertainty about the regulatory environment in Southeast Asia's biggest economy. GLOBAL PRIVATE EQUITY firm Lone Star has put a Tokyo property on sale aiming to raise up to 100 billion yen ($1.3 billion) before loans on the office and banquet hall complex mature early ne..

The Abu Dhabi Investment Authority may invest $100 million in Russian regional banks through a fund set up by the International Finance Corp. and VEB, Russia’s state-run development bank, Kommersantreported. Investment funds from South Korea have also expressed interest in the fund, which may invest as much as $1 billion, the newspaper reported, citing documents prepared for VEB’s supervisory bo..

First Insurance Co. of Hawaii , the largest insurance company in Hawaii, is being acquired by Tokio Marine Holdings Inc. Tokio Marine, which is already a 50 percent owner of the Honolulu-based property and casualty insurer, said Thursday it would acquire the other 50 percent from Continental Insurance Co., a subsidiary of Chicago-based CNA Financial Corp. The transaction, which requires regulato..

China Nuvo Solar Energy, Inc. (OTCQB: CNUV) today announced that SurgLine, Inc. has signed an agreement with Tandem Receivable Solutions to a western distributorship. Tandem, working as an Independent Revenue and Contracting Consultant, is committed to assisting the Company from sales through collections for their clients and facilities nationwide. Tom Toland, CEO of SurgLine stated, "As busines..

Bohai Pharmaceuticals Group, Inc. BOPH -15.89% (otcqb:BOPH), today announced that it has consummated a significant acquisition of a complementary Traditional Chinese Medicine (TCM) company in China, Yantai Tianzheng Pharmaceutical Co., Ltd. Like Bohai, Yantai Tianzheng produces, manufactures and distributes modernized herbal medicines based on TCM in China. Based in Yantai City (where Bohai is a..