Chinese broker buys Natixis commodities unit
Reuters PARIS, Aug 5 (Reuters) – One of China’s top securities brokers has bought parts of the commodities trading unit of French bank Natixis in the latest move by Chinese institutions to expand into natural resources markets. * Western banks under...
BesTV to Acquire 7FGame
Information Times Shanghai Media Group subsidiary BesTV New Media has announced in a regulatory filing that the company is engaged in preliminary negotiations with Shanghai-based online game developer and operator Qifan Digital Technology (7FGame) over the possible...
Daewoong Pharmaceutical Acquires China’s Liaoning Baifeng
The Korea Economic Daily Daewoong Pharmaceutical said on August 1 that it would acquire Liaoning Baifeng, a Shenyang (Liaoning Province)-based manufacturer of drug materials, and invest up to 18 billion won to modernize the latter’s facilities. According to...
China Commercial Credit decreases proposed IPO deal size to $13 million
Nasdaq.com China Commercial Credit, a microcredit lender to small businesses in the Jiangsu Province of China, lowered the proposed deal size for its upcoming IPO on Thursday. The Wujiang, China-based company now plans to raise $13 million by offering 1.9 million...