Korea M&A Corporation

China’s Jilin provincial government ordered Jianlong Group to abandon a buyout plan of state-owned Tonghua Iron & Steel Group after a manager was killed in a weekend brawl, state-run Beijing News said today. Several thousand Tonghua workers yesterday staged a rally to protest being taken over by Jianlong, attacking the closely held company’s representative Chen Guojun and battering him to death,..

Today, CDC Corporation (CHINA) (Analyst Report) announced that CDC Software, a wholly-owned subsidiary has filed a registration statement with the SEC for an initial public offering (IPO) of 4.8 million American depositary shares (ADS) at an estimated price of $11.0- $13.0 range. Of this total, 4 million ADS will represent newly-issued Class A ordinary shares being offered for sale by CDC Softwa..

China Natural Resources Inc a company based in the People's Republic of China announced that on July 10th 2009 it consummated the acquisition of 1. All of the issued and outstanding capital stock of Pineboom Investments Limited and its wholly-owned subsidiaries 2. The outstanding indebtedness owing by the Coal Group to the related party seller on the closing date. Pineboom, through its operating..

China Investment Corp (CIC), the country's $200 billion sovereign wealth fund, has agreed to buy a 40 percent stake in investment firm CITIC Capital Holdings Ltd, the official China Securities Journal reported on Monday. CIC will buy new shares to be issued by Hong Kong-based CITIC Capital, in which CITIC Pacific (0267.HK) and CITIC International Financial Holdings Ltd each hold 50 percent, the ..

China Security & Surveillance Technology, Inc which is listed on Dubai's NASDAQ says that it has signed letters of intent to purchase 100% ownership of Zhejiang Loyal Co., Ltd. ("Zhejiang Loyal") and Anhui Guangcheng Technology Co., Ltd. ("Anhui Guangcheng"). CSST will pay RMB110 million (approximately US$16.1 million based on an exchange rate of USD 1.00 to RMB 6.83) and RMB20 million (approxim..

China has given approval to PetroChina (0857.HK) to invest in Nippon Oil's (5001.T) Osaka refinery, finalising the Chinese state energy giant's second overseas refinery takeover. The National Development and Reform Commission, the country's planning agency said on its website (www.ndrc.gov.cn) that approval for the Osaka plant purchase was granted in June, but gave no details. Industry officials..

Bank of China has provided $1.7 billion in financing to help PetroChina acquire Singapore Petroleum Co from Keppel Corp and others, Basis Point said. The funds will be provided to PetroChina ( PTR - news - people ) International (Singapore) Pte Ltd and are guaranteed by parent, PetroChina, Asia's largest oil and gas producer, Basis Point quoted banking sources as saying on Friday. The deal will ..

* Investment banks formally pitching for deal * $3 bln offer would be split between H and A shares * Offer would be one of the largest in HK this year * Hong Kong-listed shares fall 4 pct, track weakness in banks (Adds analyst quote in paragraph 6,7 share price movement) By Michael Flaherty and Clare Jim TOKYO/HONG KONG, July 8 (Reuters) - China Merchants Bank (3968.HK) plans to raise about $3 b..

Industrial & Commercial Bank of China Ltd., the world’s biggest bank by market value, is in talks with the Thai government to buy a controlling stake in ACL Bank Pcl, Finance Minister Korn Chatikavanij said. ICBC is seeking government approval to own more than a 49 percent stake in ACL, Korn told reporters yesterday in Samui island, Surat Thani province, 685 kilometers (428 miles) south of Bangk..

SkyCross has announced it has acquired Shanghai Universe Communications Electronics Co. Ltd., a Chinese antenna manufacturer, for an undisclosed sum. The Viera-based, privately-held SkyCross said the acquisition will enable the firm to provide expanded global support and high-volume manufacturing to wireless consumer electronics companies. SkyCross is a global wireless company providing antenna ..

Pantheon China Acquisition Corp. ("Pantheon") (OTCBB:PCQC) announced today that its shareholders approved its Agreement and Plan of Merger, Conversion and Share Exchange by Pantheon, China Cord Blood Services Corporation ("CCBS") at Pantheon's special meeting of stockholders on June 29, 2009. Pantheon also announced today the closing of business combination transaction between Pantheon and CCBS ..

Taiwan will allow investment from mainland China in 100 industries and projects, helping the island’s economy to benefit from the warmest cross-strait relations in 60 years. Taiwan will open up 64 sectors in manufacturing, 25 in services and 11 public infrastructure projects from today, the Ministry of Economics Affairs told a briefing in Taipei. Foundries and the liquid-crystal-display and tele..

China Networks International Holdings, Ltd., a British Virgin Islands company ("CN Holdings") (NYSE Amex: CNR) and Alyst Acquisition Corp., a special purpose acquisition company ("Alyst"), today announced that they completed both the previously announced redomestication merger of Alyst in the British Virgin Islands by merging Alyst with and into CN Holdings and the subsequent business combinatio..

China Discovery Acquisition Corp., a US-based blank check company, has acquired 100% stake in HeNan Smart Food Company, a China-based producer of instant noodles. Announcement (April 14, 2009): China Discovery has entered into a share exchange agreement to acquire 100% stake in HeNan for a consideration of approximately $87.4 million. Under the terms of the transaction, China Discovery will acqu..

Lianhua Supermarket, a subsidiary of the Bailian Group, has announced that it will acquire a 100% stake in Hualian Supermarket from Bailian Group for CNY492 million. With the implementation of the acquisition, Hualian experiences major executive changes. According to a report published by the company, Hua Guoping, the former general manager for Bailian's supermarket business department, has been..

A private Chinese shoe manufacturer is in discussions with Pierre Cardin for possible acquisition, media reports stated yesterday, quoting the Chinese company's chairman Liu Jianxue. Guangzhou Jiansheng Trading, once a marketing agent for Pierre Cardin, expected the talks with the French firm to yield a result in a month's time, the report said. The paper quoted Europe-based Chinese language med..

The Rothschild Group is reviewing about 60 possible cross-border mergers and acquisitions in Japan, said Keiichi Mitake, head of the firm’s new local advisory partner Global Advisory Japan. London- and Paris-based Rothschild, which ended an alliance with Nomura Holdings Inc. last year, is seeking advisory mandates for merger and acquisition deals between Japanese and European or Asian companies ..

It's not unknown for China to detain business players for lengthy periods of time without formal charges and with scant information from authorities. When brushing up against such cases, U.S. private equity firms can find themselves snagged in a swirl of speculation that casts a shadow over a business deal. A Chinese joint venture of the Carlyle Group is resorting to legal action in China to cou..

Microtune Inc. said Friday it would buy Auvitek International Ltd., a privately owned China-based maker of semiconductors for HDTV, for $9 million in cash and stock. After the announcement, Microtune shares fell 18 cents, or 8 percent, to $2.02 in early afternoon trading. Microtune said it will pay $6.8 million in cash and one million shares of Microtune stock. The acquisition is expected to clo..

Kohlberg Kravis Roberts & Co KKR.UL has reached a deal to unload half of the equity in South Korea's No.2 beer maker, which it agreed to buy for $1.8 billion, to Affinity Equity Partners, two sources with direct knowledge of the process said on Tuesday. KKR is planning to complete its acquisition of Oriental Brewery (OB) from Anheuser-Busch InBev INTB.BR during the current quarter, the top priva..

Repsol YPF SA is in talks with China National Petroleum Corp. and China National Offshore Oil Corp. about a sale of a stake in its Argentinean unit, three people familiar with the discussions said. China National Petroleum, or CNPC, may make an offer of about $13 billion to $14.5 billion for Repsol’s 75 percent stake in YPF SA this month, said one of the people, who declined to be identified bec..

Japanese mobile operator aims to strengthen music, video services offering with 35% share in NextWave subsidiary. NTT DoCoMo on Monday announced that it has acquired a 35% stake in wireless multimedia software firm PacketWave for $45.5 million. The Japanese mobile operator said it has been incorporating a number of PacketVideo's technologies into multimedia applications available via its FOMA 3G..

Waytronx Inc. on Monday said it has acquired a Japanese maker of electronics components in a strategic acquisition it believes will boost its penetration in Japan. Tualatin-based Waytronx (OTCBB: WYNX), a provider of openly licensable advanced systems cooling solutions, acquired Comex Instruments Ltd. and 49 percent of Comex Electronics Ltd., as well as an associated distribution network for $26..

Chinese toll road operator Sichuan Expressway Co (0107.HK) said on Monday it planned to raise as much as 2 billion yuan ($292 million) selling new shares publicly in Shanghai, marking China's first major IPO since last September. The Hong Kong-listed company will sell up to 500 million yuan-denominated A shares, or 16.35 percent of its enlarged capital, and will use the proceeds to fund an acqui..

Teck Resources (Teck) confirmed Friday that China Investment Corp (CIC), China’s sovereign wealth fund, will buy a 17.2% equity stake in the Vancouver-based mining company for C$1.74 billion (US$1.5 billion). Teck undertook the deal to improve its balance sheet and to strengthen its ties with the world’s largest commodities market. The deal is a continuation of China’s recent commodities buying ..

Chinese equipment maker Shanghai Jwell Extrusion Machinery Co. Ltd. is building a new factory in Suzhou to significantly expand its capacity, as executives say they are looking at an European acquisition. The Shanghai-based company, which employs 2,000 at 13 factories in China, opened the initial phase of a 100,000 square meter (1.07 million square foot) facility in Suzhou, Jiangsu Province this..

Africa-focused emerging miner Central African Mining and Exploration Company (Camec) has entered into a long-term sales agreement with China’s Zhejiang Galico Cobalt & Nickel Materials, to deliver its Mukondo Mountain mine’s entire annual production of cobalt contained concentrate. The mine, in the Democratic Republic of Congo (DRC) produces between 6 000 t/y and 8 000 t /y of cobalt in containe..

China 3C Group ("China 3C" or the "Company") (OTC Bulletin Board: CHCG), a retailer and wholesale distributor of consumer and business products in China, today announced that it has completed the previously announced acquisition of Jinhua Baofa Logistic, Ltd. ("Jinhua"), a transportation logistics company in Eastern China. As previously disclosed on December 29, 2008, the transaction was structu..

China Mengniu Dairy Co. climbed to the highest in 10 months in Hong Kong trading after gaining HK$6.12 billion ($790 million) of capital from Cofco (Hong Kong) Ltd. and Hopu Investment Management Co. Mengniu, China’s biggest maker of liquid milk, jumped 10 percent to HK$21.05 as of 10:19 a.m. local time. The stock was raised to “neutral” from “underperform” at Credit Suisse AG. Cofco, part of Ch..

Nomura Holdings Inc., Japan’s biggest brokerage, is seeking a partner in China to help it establish an equity underwriting business in the world’s second best- performing stock market. The push into China is part of Nomura’s goal to get 50 percent of revenue from outside Japan in the next two years, from 30 percent currently, Siggi Thorkelsson, head of Asia- Pacific equities, said in an intervie..