Korea M&A Corporation

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 -- Sumitomo Mitsui Financial Group Inc. said it has set the price for its new share offering that will raise up to 923 billion yen ($9.38 billion) due to strong demand from investors and optimism about its business strategy. Japan's third-largest bank by assets said last month it would raise capital by issuing 235 million new shares, including an over-allotment option of 15.3 million share..

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..

SHENZHEN, China, June 16 (Reuters) - Tencent Holdings (0700.HK), operator of China's largest instant messaging service, aims to list in China after regulators modify current rules, as it seeks to cash in on its big name in its home market. Hong Kong-listed Tencent, whose popular QQ service is practically synonymous with instant messaging in China, is currently registered as a Cayman Islands busi..

Has M&A frenzy returned to the Seoul corporate market? The answer may be yes if you look at the latest development in Korea’s corporate landscape, where a growing number of local companies are rushing to sell some of their subsidiaries as part of the government-forced corporate restructuring drive. But it remains to be seen whether the latest fire-sale drive will be met with enough demands from ..

Opposition in China is building to a deal in which US private equity group TPG plans to sell its controlling stake in a Chinese bank to Ping An Insurance, the country's second-largest insurer, for a profit of more than 150 per cent. Ping An plans to pay at least $1.68bn for TPG's 17 per cent controlling stake in Shenzhen Development Bank and buy up to $1.57bn in new shares from SDB to give it a ..

SEOUL, June 11 (Reuters) - Stocks on the move on Thursday include: As of 0301, the main KOSPI was up 0.9 percent at 1,427.67 points. The index opened 0.21 percent lower at 1,411.92 points. **DAUM COMM UP ON M&A RUMOURS** Shares in Daum Communications jumped on rumours that NCSoft Corp would buy the Internet portal operator, though spokespeople from both companies denied the talk. The Korea Excha..

SUSIE GHARIB: The recession is taking a huge toll on mergers and acquisitions around the globe. M&A activity is off by more than 35 percent this year. But it's a much different story for one company. Lucy Craft looks at a Japanese firm that still has a buyer's appetite. LUCY CRAFT, NIGHTLY BUSINESS REPORT CORRESPONDENT: A salty aroma wafts through medieval archways of Noda City, east of Tokyo. W..

In Asia Pacific, nowhere are the stakes in BlackRock's $13.5 billion acquisition of Barclays Global Investors bigger than in Japan. BlackRock will be buying a franchise that is the biggest manager of corporate pension money, as well as a significant manager of public fund assets. BGI's business model, however, is generic and already replicated by domestic trust banks, which can be expected to po..

As oil prices rebound past $ 70 per barrel, China's three major oil companies, PetroChina, SinoPec and CNOOC, are stepping up their overseas M&A activities before the prices return to $100 per barrel. PetroChina and CNOOC are seeking to acquire 30% of Ghana’s Jubilee oil field from owner Kosmos Energy Corporation (Kosmos). Although CNOOC itself is unwilling to disclose its offering price, indust..

Swiss food and beverage giant Nestle will step up investment in Southeast Asia despite the impact of the global economic crisis, the company's chief executive said here. Paul Bulcke said the financial downturn was not deterring Nestle from committing 260 million Swiss Francs (241 million US dollars) to the region, a 15-20 percent increase from 2008. "I see more opportunities than problems," he s..

When a commodity that is put up for sale has a number of interested buyers, trade should build up as long as the price remains reasonable. That's the story of Korea Exchange Bank (KEB). U.S.-based hedge fund Loan Star has been trying to dispose of its 51-percent stake in the lender for the past few years. Loan Star's attempts have failed for some reason, but interest in KEB is starting to heat u..

Sompo Japan, the country’s second-largest non-life insurer, is taking a 50 per cent stake in Brazil’s Maritima Seguros for Y14.4bn ($151m), its largest overseas investment. Sompo Japan’s move, which will make it Maritima’s largest shareholder, highlights the rush by Japanese financial institutions to build a global presence in the face of a saturated market and shrinking population at home. Toki..

Shearman & Sterling LLP is representing Sichuan Tengzhong Heavy Industrial Machinery Co., Ltd (Tengzhong) on its proposed acquisition of Hummer from General Motors Corp. (GM). Tengzhong, a major industrial machinery group, will acquire the rights to the Hummer brand, along with a senior management and operational team. As part of the deal Tengzhong will assume existing dealer agreements relating..

Japan regained its spot as the Asian-Pacific region's most active country in mergers and acquisitions in the first quarter, edging out China, which had upstaged Japan for most of last year. A steady stream of domestic consolidation is buoying deal activity in Japan as companies feel the effects of the country's worst postwar recession. From January to March, albeit in a period when the overall n..

The parent group of South Korea's largest bank Kookmin is seeking to raise up to $3 billion through a share sale by around the third quarter, a banking source said on Friday, as it prepares for a surge in bad loans and possible acquisitions. KB Financial Group's (105560.KS) planned sale would come after Korean banks have already raised a combined 28 trillion won ($22.5 billion) through issues of..

SHANGHAI/HONG KONG, June 8 (Reuters) - Shares of China Eastern Airlines (600115.SS)(0670.HK) and smaller Shanghai Airlines (600591.SS) were suspended on Monday after media said the two loss-making carriers were close to a merger deal. Shanghai Air Vice President Feng Xin told the South China Morning Post the two Shanghai-based carriers got instruction from the government to consolidate their ass..

Tsingtao Beer, China's second largest brewer, said yesterday it would buy Jinan Beer, a beer producer from Shandong province, for 250 million yuan ($36.66 million). Analysts said the move was a way to fend off archrival Snow in the fight for the nation's beer market. Tsingtao said it had signed a contract with Shandong Commercial Group to buy its subsidiary, which has an annual beer output of 30..

Jun. 9, 2009 (China Knowledge) - Sinopec, the largest refiner in Asia by capacity, reportedly hopes to purchase a 100% stake in Canada-based Addax Petroleum Corp, which is engaged in the oil and gas businesses in Africa and selected countries in the Middle East, for up to US$8 billion, the South China Morning Post reported on Jun. 8. Su Shulin, board chairman of Sinopec, has mentioned that the f..

The global mining group Rio Tinto dropped part of its proposed tie with metals giant Chinalco on Friday following objections in Britain and Australia. The deal could have given the Chinese an 18% stake in Rio Tinto Group, which is listed on both the British and Australian markets. It would also have given the Chinese company access to Rio’s iron ore, copper, and aluminium assets. “If the Chinalc..

SHANGHAI — Bain Capital, the private equity firm, is planning to invest as much as $400 million to acquire a minority stake in Gome Electrical Appliances, one of the biggest retailers in China, according to people with knowledge of the talks. The deal, which could be announced as early as Tuesday, would be one of the largest American investments in a Chinese company and could help stabilize a co..

Will third time be luck for the Chinese digital media entertainment provider Hurray? After failing at two previous attempts to be bought, the Nasdaq-traded company has received a new offer from Shanda (NSDQ: SNDA), the online gaming biggie in China, for a majority stake. Under the proposal, Shanda will commence a tender offer to acquire 51 percent, at $4.00 per ADS, which means a total deal valu..

PARIS, June 8 (Reuters) - Japanese bank Nomura (8604.T), which acquired some of the main businesses of failed Wall Street bank Lehman Brothers last year, is targeting a top 10 spot in the league tables for working on French mergers and acquisitions (M&A). Nomura France Joint President Jerome Calvet told reporters at a news briefing on Monday that "in the long run," Nomura would aim for a top fiv..

KUALA LUMPUR, April 21 (Reuters) - The Malaysian unit of Danish brewer Carlsberg is taking advantage of the current economic downturn to hunt for an acquisition target in Asia, the head of the unit said on Tuesday. "We are at the stage of doing analysis on certain opportunities. The board has given us a time frame to identify some opportunities," said Soren Jensen, managing director of Carlsberg..

HONG KONG -- A Hong Kong appeals court Wednesday rejected the US$2.1 billion management-led buyout of telecom company PCCW Ltd., handing regulators in this Asian financial center a significant victory after facing months of criticism for what shareholder activists called weak corporate governance standards. PCCW and the buyout group, led by PCCW Chairman Richard Li, said they will consider wheth..

China is reviewing Coca-Cola Co's (KO.N: Quote, Profile, Research) $2.5 billion bid to acquire China Huiyuan Juice Group (1886.HK: Quote, Profile, Research) under the anti-monopoly law, Commerce Minister Chen Deming said on Tuesday. Coca-Cola said in December it had filed an application for anti-trust approval of its proposed purchase of China's top juice maker, and the case is being closely wat..

The National Aviation Co. of India Ltd., which runs Air India, has asked the federal government for 39.81 billion rupees ($798.2 million) in financial assistance, Civil Aviation Minister Praful Patel said Thursday. The owning company, Nacil, has "submitted a proposal for an equity induction of 12.31 billion rupees and a proposal for a soft loan of 27.50 billion rupees," Mr. Patel told Parliament..

China National Petroleum Corp has agreed to buy Canada's Verenex Energy Inc, including its Libyan oil assets, in a deal worth 499 million Canadian dollars (400 million US dollars), the Calgary-based company said. The Chinese company's international arm, CNPC International Ltd, in an all cash deal, offered 10 Canadian dollars (7.97 US dollars) per share, a 28 percent premium on the company's clos..