2013.10
KKR buys stake in Qingdao Haier
Investment company KKR & Co LP said it had agreed to buy a 10-percent stake in Qingdao Haier Co Ltd, gaining exposure to China’s home appliances market with its biggest investment in the country to date.
Freeport Indonesia union reaches tentative deal on wages
Freeport-McMoRan Copper & Gold Inc reached a tentative agreement with Indonesian union workers on Wednesday over wages and pensions, a union official said, raising hopes that a strike will be averted with just two days left of talks.
Robinsons Retail ‘to kick off $500 mln IPO’
The Philippines’ Robinsons Retail Group plans to start pre-marketing for its $500 million initial public share offering in the second week of October, IFR reported on Friday.
Public Bank Bhd issues 1 bln ringgit debt
Malaysia’s third-largest lender by asset size, Public Bank Berhad, said that it issued Basel III compliant, medium-term notes worth one billion Malaysian ringgit ($310.99 million) on Wednesday.
Indonesian top judge arrested for alleged bribery
Indonesia’s main anti-graft agency arrested the chief justice of the constitutional court for alleged bribery on Wednesday, an agency official said, the latest high-profile corruption case to hit Southeast Asia’s largest economy.
OUE explores REIT listing in SG
Property firm Overseas Union Enterprise Ltd said it is exploring the listing of a commercial real estate investment trust in Singapore, a plan coming on the heels of its recent hospitality trust listing in July.
GIC invests $135 mln in Brazilian water treatment co
Singapore sovereign wealth fund GIC Private Ltd has invested 300 million reais ($135 million) in a Brazilian water and sewage treatment company.
Coffee Bean plots Asia expansion, may consider IPO or sale
The Coffee Bean & Tea Leaf, in which three private equity firms recently bought stakes, may consider an initial public offering or a strategic sale over the next few years as part of an exit strategy for investors, its CEO said.
Baidu unit seeks New York IPO
A Baidu Inc unit is seeking to raise $125 million by listing in the United States, where strong investor appetite for Chinese Internet stocks is trumping lingering concerns about accounting irregularities from China-based companies.
K&E promotes 3 to partnership in HK
Kirkland & Ellis has promoted corporate lawyers Henry Cheng, Benjamin James and Stephanie Lau to its partnership in Hong Kong.