Korea M&A Corporation

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..

Global private equity firm The Carlyle Group announced today it has successfully closed its fourth Asian growth capital fund, Carlyle Asia Growth Partners IV (CAGP IV), a sector-agnostic growth capital fund which invests in high growth private companies with strong local management and leading market position in China, India, Korea and other key Asian markets. Despite a difficult fund-raising en..

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..

UBS AG (UBSN.VX) on Thursday announced the appointment of Chi-Won Yoon as chairman and CEO of Asia Pacific, succeeding Rory Tapner, who is leaving the bank after 25 years. Yoon joined UBS in 1997 as Head of Equity Derivatives, becoming Head of Asia Equities in 2004, Head of Asia Pacific Equities in 2008, and Head of Equities and Fixed Income for the region earlier this year. Yoon inherits a fran..

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..

World economies may falter but China story hasn’t lost its steam. At an expected GDP growth of 6.5% for 2009, China appears to have performed better than many other large economies. The government’s $586 billion stimulus package appears to be doing wonders in China. If China story indeed continues, prospects are bright for companies such as Toronto listed Sino-Forest Corporation (TSX: TRE). Sino..

Mitsubishi Estate Co (8802.T: Quote, Profile, Research), Japan's second-biggest developer, is interested in buying a Real Estate Investment Trust (REIT) in Japan and preparing to launch a property investment fund in the United States, the company's president said on Wednesday. Mitsubishi Estate President and CEO Keiji Kimura also said the company is keen to buy a real estate investment managemen..

Robeco, the asset manager wholly owned by Rabobank, plans to officially open a representative office in Seoul on August 1, and is in the process of hiring a person in the Korean market to help with client servicing and business development. Ken Park, a Korean native, will run the office, located in the Seoul Finance Center. He recently joined the asset manager after building a career in consulti..

LaSalle Investment Management said on Monday it has $3 billion available for investing in Asian real estate and is ready to re-enter the market after nine months on the sidelines, focusing initially on Japan and Australia. "The process of debt restructuring and market resetting and capital and economic stabilisation seems to be happening fastest in those countries," Chief Investment Officer for ..

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..

American International Group Inc. (AIG) has mandated Morgan Stanley (MS) and Deutsche Bank AG (DB) as global coordinators for the upcoming initial public offering of its Asian life insurance unit, people familiar with the situation said Thursday. The spin-off of American International Assurance Co. through a public listing on an Asian stock exchange is part of AIG's efforts to repay a government..

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..

Russian state nuclear firm and a consortium of Japanese companies may increase their stakes in Canadian miner Uranium One to 20 percent each, a Uranium One executive said on Wednesday. Uranium One Chief Financial Officer Robin Merrifield also said his company was considering buying another Kazakh deposit. Earlier this month, Russia's Rosatom secured a 17 percent stake in Uranium One in exchange ..

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 banks extended 13.6 billion yuan (1.99 billion U.S. dollars), as well as 420 million U.S. dollars worth of loans for mergers and acquisitions (M&A) since the end of last Monday, a senior official with the national banking regulator said Tuesday. Cai Esheng, vice chairman of the China Banking Regulatory Commission, told a forum on M&A that the loans would support domestic and foreign deal..

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..

SouFun, China's top real estate website, is eyeing an initial public offering next year in Hong Kong or the United States if the global economy recovers, Chairman Vincent Mo said on Wednesday. He said SouFun would prefer to list in China, where its client base is concentrated, but the country's strict regulatory approval process stood in the way. "Hong Kong and the United States are our two main..

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..