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Korea M&A Corporation
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 6, 2007) - Can-Asia Minerals Inc. ("the Company") (PINK SHEETS:CNMN) is pleased to announce that it has signed a letter of intent to acquire 50% (the "Acquisition") of the interest held by PT Hunamas Manumpak Interbuana, a private Indonesian company, in an Indonesian oil and gas property (the "Property") in exchange for US$2,500,000 plus the issua..
Tokyo, Feb 2, 2007 (JCN) - Nomura Holdings announced on February 2 that it closed its acquisition of Instinet Inc. for a final price of US$1.2 billion. Nomura also announced a new board of directors at Instinet. Nomura said the acquisition is part of ongoing strategy to strengthen its capabilities in this area, and comes as hedge funds and other institutional investors increasingly look to place..
Sony Ericsson today completed the acquisition of the Swedish software company UIQ Technology AB from Symbian Ltd following full regulatory ratification. UIQ Technology, which uses Symbian OS, licenses the UIQ user interface and application development platform to mobile phone vendors worldwide. Sony Ericsson is already a licensee of UIQ Technology, and has been working closely with the company o..
SEOUL, Jan. 18 (Yonhap) -- The Fair Trade Commission, South Korea's corporate watchdog, said Thursday that it has approved Shinhan Financial Group's takeover of LG Card Co., the country's top credit card company, a deal valued at 5.18 trillion won (US$5.52 billion). In December, Shinhan Financial, the country's second-largest financial service company, agreed to buy a 61-percent stake in LG Card..
By Scott B MacDonald Late last month, Japan Tobacco announced that it was buying its British rival, Gallaher Group Plc, for about US$15 billion. This is big news for two reasons: the proposed deal is the largest-ever foreign acquisition undertaken by a Japanese company, and it marks a new assertiveness by a part of the international business community that has long been in retreat, Japanese corp..
BEIJING, Dec. 30 (Xinhua)-- China Construction Bank (CCB) announced Friday it had completed the acquisition of Bank of America (Asia) Ltd, the wholly-owned subsidiary of Bank of America in Hong Kong, acquiring 100 percent of the equity. The branch offices and bank documents of Bank of America (Asia)Ltd will soon bear the logo and name of China Construction Bank Asia Ltd. The two sides inked an a..
Nissin Buys 86% Stake in Myojo After Steel Partners Offer Fails By Yasue AoiDec. 15 (Bloomberg) -- Nissin Food Products Co., Japan's largest instant noodle maker, said it acquired an 86 percent stake in Myojo Foods Co. for 32 billion yen ($271 million) after an offer by U.S. investment fund Steel Partners failed. ``Myojo will become a unit of Nissin as of Dec. 22,'' Nissin said in a statement to..
Japan Tobacco to acquire Gallaher for about $14.7bn Saturday, December 16, 2006 6:41:57 AM ET newratings.com LONDON, December 16 (newratings.com) - Japan Tobacco Inc (JAT.BER), the world’s third-largest cigarette maker, Friday announced that it had agreed to acquire Gallaher Group Plc for nearly $14.7 billion in the largest international acquisition by a Japanese company. The Tokyo-based company..
Aeon Co. has said it will hold talks to buy a 15% stake in Daiei, which could create Japan's biggest retail group with combined sales of over 6trn yen ($50bn). The move would give the retailers strong procurement power and cost competitiveness and could trigger further consolidation in the industry. Aeon, Daiei, and Marubeni will also discuss the possibility of jointly developing private brands,..
TOKYO, Japan (UPI) -- MTV Networks, owned by Viacom Inc., will buy the remaining interest in joint venture MTV Japan from private equity firm H&Q Asia Pacific.The deal, whose value was not disclosed, is MTV Networks` largest such action in the Asia-Pacific region and gives it sole ownership of the Japanese venture, the company said Tuesday.Upon completion of the deal, MTV Networks will combine M..
(Xinhua) Updated: 2006-08-25 09:19 China Construction Bank (CCB) on Thursday inked an agreement with Bank of America (BOA) to acquire 100 percent of equity interest of Bank of America (Asia) limited, the wholly-owned subsidiary of BOA in Hong Kong. Payable in cash, the total consideration of the acquisition is 9.71 billion HK dollars (about 1.24 billion U.S. dollars), representing nearly 1.32 ti..
The youngest son of Hong Kong's richest man Li Ka-shing plans to fork out NT$24 billion (US$733 million) to secure a 60 percent stake in Taiwan's biggest cable TV operator China Network Systems Co, according to a media report.Showing his determination to branch out into Taiwan, Richard Li, chairman of Hong Kong's biggest phone operator PCCW Ltd, will visit Taiwan this week with plans to pay NT$4..
Letter of Intent This Letter of Intent made and entered into as of the 1st day of August, 2001 by MOOL Investment, a corporation duly organized and existing under the laws of Republic of Korea, having its principal office and place of business at Kyunggi-Do, Korea (hereinafter referred to as MOOL). WITNESSETH THAT WHEREAS, MOOL has long been engaged in the industrial investment as investment ban..
China 3C Group (OTC Bulletin Board: CHCG), the parent company of Zhejiang Yong Xin Digital Technology Co., Ltd. today announced that has completed its acquisition of Hangzhou Sanhe Electric Technology Ltd., a rapidly growing home electronics retail chain. As previously announced, China 3C is acquiring 100% of Hangzhou Sanhe in a cash and stock transaction valued at approximately $8.75 million. C..
Aug. 9, 2006 (China Knowledge) – Zijin Mining Group Co. Ltd., a mining conglomerate in China engaged primarily in the production of gold, yesterday announced that it expects to confirm an overseas acquisition by next month, according to an AFX report. Speaking to reporters at a media briefing to discuss the group’s recently-released first half results, Chairman Chen Jinghe said that the company ..
Aug. 7, 2006 (China Knowledge) – Shares of Hong Kong-listed Giordano International Ltd., a retailer of casual apparel and accessories under the Giordano and Bluestar Exchange brands, were suspended at 9.36 a.m. Friday pending the release of an announcement in respect of a price sensitive matter. A Reuters report quoted the Hong Kong Economic Times as saying that Giordano had rejected a proposal ..
Leasing firm Orix Corp. said Tuesday it has purchased a 73.9 percent stake in QB Net Co., which runs the barbershop chain QB House, and sent two directors to the QB Net board.Orix said it will cooperate with QB Net's management and employees to increase its corporate value with a view to making an initial public offering of its shares in the future.QB Net, founded in 1995, has rapidly expanded t..
July 27 (Reuters) - Swiss investment bank UBS AG (UBSN.VX: Quote, Profile, Research) said on Thursday it will buy a 51 percent stake in the fund management arm of South Korea's Hana Financial Group (086790.KS: Quote, Profile, Research) for up to $190 million. The transaction adds to an active year for mergers and acquisitions in the global fund management sector. There were 89 such deals worth $..
TOKYO (MarketWatch) -- Resona Holdings Inc. (8308.TO) said Thursday its group companies have agreed to sell approximately 12% of their stake in outstanding shares of unlisted credit card company JCB Co. to Orix Corp. (8591.TO) and the Nomura Holdings Inc. (8604.TO) group. A Resona Holdings spokesman declined to disclose the value of the sale of the 12% stake. After the sale, the Resona group wil..
Dow Chemical Co yesterday completed its acquisition of a leading Chinese water-treatment company to further strengthen its portfolio in the sector. The purchase of Zhejiang Omex Environmental Engineering Co, based in Huzhou in Zhejiang Province, is believed to be the first privately run firm to be acquired by Dow in the Chinese market. Terms of the deal were not revealed as the sum fell below US..
CITIC Resources Holdings Ltd, a unit of state investment arm China International Trust & Investment Corp, has bought 51 percent of an Indonesian oil field for US$97 million. The energy and base metals producer purchased a stake in the Seram Non-Bula block from KUFPEC, a subsidiary of Kuwait Petroleum Corp, gaining access to an oilfield with 39 million barrels of gross oil reserves, Bloomberg New..
Wired News and Wired magazine are together again after an eight-year separation. Conde Nast Publications, the corporate owner of seminal San Francisco tech magazine Wired, paid $25 million to acquire the online property Wired News from its parent, Lycos of Waltham, Mass., Lycos said Tuesday. The two entities, which are already housed in the same building on Third Street near San Francisco's Sout..
Welspun has acquired 85% of Christy, a leading towel brand in UK, which will provide Welspun a foothold in UK's premium home textile market and access to other premium retailers in USA and Europe. The acquisition will entail an initial cash flow of Rs 1000 mn, which will be funded 60% through debt and balance through internal accruals. We believe this acquisition is one of the few slated brand a..
LG chemical, Co. LTD has the plan to acquire chemical material company. LG wants private company not public one because of convenience to acquire it. Surely it should have new techonolgy and merchandising of it.
June 19 (Bloomberg) -- Kohlberg Kravis Roberts & Co. acquired Australia's biggest garbage collector and a mining services company from Brambles Industries Ltd. for A$1.83 billion ($1.3 billion), its biggest purchase in the Asia Pacific region. The two businesses had combined sales of A$863 million in the year ended June 2005, Melbourne-based Brambles said in a statement today. The Cleanaway oper..
In China, Google has some kinds of troubles in its China business. Although Google vigorously began its own business in China, results are not so good until now. Why so tough in China? Surely several big reasons exist. First, China government doesn't want for Google or Other global portal sites to be main portal in China. China govn. would like for all the Chinese peoples to be under control wit..
Wal-Mart takes over British grocery chain Web posted Thursday, August 5, 1999 8:45 a.m. CT By SUE LEEMAN The Associated Press LONDON - Global retailing leader Wal-Mart Stores Inc. has announced its arrival in Britain with the $10.7 billion takeover of Asda Group PLC, the country's third largest supermarket chain. The deal, which more than doubles Wal-Mart's international sales and consolidates i..
Source: http://www.123jump.com/story.htm?story_id=11764 New York, Jun 04, 2001 (123Jump via COMTEX) -- United NewVentures, the investment arm of UAL Corp. (UAL), announced this morning that it will acquire online marketing company MyPoints.com (MYPT) for $112.5 million. The companies reported that UAL will pay $2.60 cash per share for all outstanding stock of MyPoints.com - nearly $1 per share m..
TYCO'S ACQUIRES AMP INCORPORATED JUERGEN GROMER NAMED PRESIDENT OF AMP Hamilton, Bermuda, April 5, 1999 - Tyco International Ltd. (NYSE-TYC, LSE-TYI, BSX-TYC) (Tyco), a diversified manufacturing and service company, announced today that it completed the merger with AMP Incorporated (NYSE: AMP) (AMP) on April 2. AMP, with annual revenues of approximately $5.5 billion, designs, manufactures and ma..
Phillips sees Tosco acquisition as 'final step': Mulva New York (Platts)--5Feb2001/ The $7-bil acquisition of refiner Tosco is the "final step" in an 18-month odyssey to transform Phillips Petroleum into a major, integrated oil company, Phillips chairman and CEO James Mulva said Feb 5. Mulva and Tosco chairman and CEO Thomas O'Malley met with analysts in New York, a day after announcing the stoc..