Guangzhou Shipyard to Sell New Shares, Acquire Stake in Longxue
Business Week 24 June 2013 Guangzhou Shipyard International Co., a unit of the nation’s biggest shipbuilder, plans to sell as much as 2.5 billion yuan ($407 million) of new shares to its parent and other investors, in part to finance an acquisition. The company will...
HNA Group signs Agreement to Purchase Trailer Leasing & Services Business from GE Capital
PR Newswire 24 June 2013 HNA Group Company Limited (HNA) of China, a leading diversified services and integrated operations company today announced they have agreed to acquire GE Capital’s TIP Trailer Services, a European market leading provider of transport...
NOVATEK Concludes Framework Agreement on CNPC’s Entrance Into Yamal LNG
PR Newswire 21 June 2013 Today at the St. Petersburg International Economic Forum OAO NOVATEK and China National Petroleum Corporation concluded a framework agreement on cooperation within the Yamal LNG project. The agreement provides for: – acquisition by CNPC...
Spreadtrum gets $1.38 billion buyout offer from China’s Tsinghua Holdings
Reuters 21 June 2013 Chinese cellphone chip designer Spreadtrum Communications Inc said it received a $1.38 billion buyout proposal from a unit of government-owned Tsinghua Holdings Co Ltd. The offer of $28.50 per American depository share represents a premium of 28...