COUNTRY GARDEN TO SELL 9.9% STAKE TO PING AN INSURANCE FOR $813 MILLION
Country Garden Holdings Co. will sell a 9.9% stake to a unit of
Ping An Insurance Co. of China, raising 6.3 billion Hong Kong
dollars to fund its property projects. (published 0028 GMT)
BRADKEN REJECTS A$427.6 MILLION TAKEOVER BID
U.S. trading house Koch Industries Inc. has teamed up with
private equity firm Pacific Equity Partners to bid 427.6 million
Australian dollars for Australian engineering equipment maker
Bradken Ltd. (published 0128 GMT)
CHINA PRECIOUS METAL TO BUY INVESTMENT FIRM FOR HK$1.3 BILLION
China Precious Metal Resources Holdings Co. agreed to buy Munsun
Assets Management Ltd. for 1.3 billion Hong Kong dollars, as it
seeks new growth drivers to offset slower growth in its mining
business. (published 0129 GMT)
SHENGJING BANK TO BUY 20% STAKE IN HUAXIN TRUST
Shengjing Bank Co. agreed to buy a 20% stake in Huaxin Trust Co.
from Huaxin Huiton Group Ltd. for 3.17 billion yuan. (published
0034 GMT)
SHELL BOOSTS CAPACITY AT SINGAPORE PETROCHEMICAL PLANT
Royal Dutch Shell PLC Thursday said it has raised the production
capacity of a key petrochemical plant at its largest fully-owned
oil refining and chemicals complex located in Singapore. (published
0247 GMT)
LINE REFILES PAPERWORK FOR IPO IN TOKYO
Line Corp., the Japanese operator of a popular smartphone
messaging application, has refiled for a possible initial public
offering on the Tokyo Stock Exchange, but has no immediate plans
for a listing, according to a spokeswoman for its South Korean
parent company. (published 0209 GMT)
SALESFORCE CEO MARC BENIOFF SEES BONUS RISE
Salesforce.com Inc. CEO Marc Benioff's bonus rose 67% from a
year ago, to $2.82 million, during a year when the software
company's stock price fell 7%. The company also described an
unusual arrangement for its former CFO to stay on past his planned
retirement. (published 0134 GMT)
CHINA HANKING NAMES LIAO PIN TSUNG AS CHIEF FINANCIAL OFFICER WITH IMMEDIATE EFFECT
China Hanking Holdings Ltd. appointed Liao Pin Tsung as chief
financial officer with immediate effect. (published 0037 GMT)