Two Chinese state-owned firms drop IPO plans amid crackdown

Two Chinese state-owned firms drop IPO plans amid crackdown

Reuters 3 June 2013 China National Building Material Co Ltd (CNBM) and Bank of Dalian have ditched their plans to list shares domestically, highlighting the impact of Beijing’s suspension of initial public offerings. The number of IPO applicants in China has...
DBS Buys Time on Takeover of Bank Danamon

DBS Buys Time on Takeover of Bank Danamon

The Wall Street Journal 3 June 2013 SINGAPORE—DBS Group Holdings Ltd., D05.SG -1.81% Southeast Asia’s largest bank by assets, secured an extra two months on its deadline to take over PT Bank Danamon, in what could amount to Indonesia’s largest-ever foreign...
Chinese Regulators Leaves Private Equity Out in the Cold

Chinese Regulators Leaves Private Equity Out in the Cold

The Wall Street Journal 29 May 2013 Private equity is the unloved child among Chinese regulators yet again. Chinese brokerages, specifically those operating in joint partnerships with overseas entities, have been given the green light by the China Securities...
OUE to kickoff $800 million IPO for hotel REIT, to hire CEO

OUE to kickoff $800 million IPO for hotel REIT, to hire CEO

Reuters 5 June 2013 (Reuters) – Overseas Union Enterprise Ltd will begin gauging demand for the listing of a hotel REIT that is expected to raise up to $800 million, sources said, as the Singapore property firm named a chief executive for the unit. The listing...
Brazil’s Petrobras Unloads Stakes

Brazil’s Petrobras Unloads Stakes

The Wall Street Journal 15 June 2013 Brazilian state-run energy giant Petróleo Brasileiro SA, or Petrobras, on Friday said it has brought in a partner for its African operations and has sold its stake in some small-scale hydroelectric plants, part of a plan to raise...
Wuzhou opens retail pitch in HK$1.7b offering

Wuzhou opens retail pitch in HK$1.7b offering

South China Morning Post 31 May 2013 Mainland company targets bulk of funds raised for land purchases and to get projects started. Mainland commercial developer Wuzhou International plans to raise up to HK$1.71 billion through an initial public offering in Hong Kong....