CAESARS ENTERTAINMENT TO ACQUIRE AFFILIATE IN STOCK DEAL -- UPDATE
Caesars Entertainment Corp. plans to acquire affiliate Caesars
Acquisition Co. in a stock-for-stock merger, according to people
familiar with the matter. (published 0536 GMT)
U.S. CLEARS LAND-SWAP FOR RIO-BHP COPPER MINE PROJECT
U.S. President Barack Obama has signed into law legislation
clearing a land-swap deal that will underpin the proposed US$6
billion development of one of the world's largest untapped copper
deposits, Rio Tinto PLC said Monday. (published 0126 GMT)
CHINA'S HOPU AMONG INVESTORS IN XIAOMI
Chinese private-equity firm Hopu Investment Management Co. is
among the consortium of investors putting a total of just over $1
billion into Xiaomi Corp. in a deal valuing the smartphone maker at
over $45 billion, according to a person familiar with the
situation. (published 0508 GMT)
FERROVIAL ABANDONS A$1 BILLION TRANSFIELD BID
Ferrovial SA abandoned a 1.02 billion Australian dollar takeover
bid for Australia's Transfield Services Ltd., a major setback in
the Spanish construction company's plan to compete for billions of
dollars of new infrastructure projects Down Under. (published 0006
GMT)
CHINA ENVIRONMENTAL ENERGY INVESTMENT CONSIDERS TWO ACQUISITIONS
Hong Kong-listed China Environmental Energy Investment Ltd. said
Monday it is considering the feasibility of two acquisitions,
though it didn't name the involved parties. (published 0440
GMT)
MEMSTAR TECHNOLOGY TO BUY LONGMEN GROUP VIA REVERSE TAKEOVER
Memstar Technology Ltd. Monday said that it has signed an
agreement to buy Longmen Group Ltd., a coal bed methane producer in
China, via a reverse takeover of shares in a deal worth US$420
million. (published 0218 GMT)
SIHUAN PHARMACEUTICAL: JOINT VENTURE TO BUY HOSPITAL STAKE
Sihuan Pharmaceutical Holdings, a Chinese pharmaceutical
company, said Monday that one of its joint ventures will receive a
capital injection of 830.7 million yuan to buy a stake in a Chinese
hospital. (published 0016 GMT)
CHINA AIRCRAFT LEASING TO SELL SOME FINANCE LEASE RECEIVABLES FOR $103 MLN
State-owned China Aircraft Leasing Group said Sunday that it
entered into an agreement to sell its finance lease receivables for
three aircraft to an independent trust for $103 million. (published
0003 GMT)
BANK OF EAST ASIA: THOMAS KWOK CONVICTION WON'T IMPACT COMPANY
Bank of East Asia Ltd., Hong Kong's leading independent
home-grown bank, said Monday that the conviction of Thomas Kwok
wouldn't have any impact on the company. (published 0040 GMT)
CHINA FIBER OPTIC NETWORK SYSTEM: WILL PURCHASE UP TO 5% OF ISSUED SHARES
China Fiber Optic Network System Group Ltd. said two executive
directors will repurchase up to 5% of the company's issued shares,
or up to 87.3 million shares. (published 0429 GMT)
SUN HUNG KAI & CO. SUBSIDIARY MAKES HK$700 MILLION LOAN TO BATTERY MANUFACTURER
Sun Hung Kai Structured Finance Limited, a securities-trading
and loan-provision company and indirect wholly-owned subsidiary of
Sun Hung Kai & Co. Ltd., will loan HK$700 million to a battery
manufacturer, the company said in a statement Monday. (published
0503 GMT)
SALCON GETS MYR470 MILLION CONSTRUCTION CONTRACT
Salcon Bhd said Monday it has received a 470 million ringgit
contract from MMC Corp. Bhd to design and build a sewage treatment
plant. (published 0501 GMT)
BINA PURI GETS MYR65 MLN CONSTRUCTION CONTRACT
Bina Puri Holdings Bhd said Monday it has secured a construction
contract worth 65 million ringgit to upgrade a government complex
in the eastern Sabah state. (published 0518 GMT)
VIETJET'S JOINT VENTURE IN THAILAND GETS PERMISSION TO START FLIGHTS
Vietjet Aviation Joint Stock Company said Monday its Thailand
joint venture has received its aircraft operator certificate and
will soon start flights. (published 0408 GMT)