2014.1
Myanmar state-owned telecom may take Japanese partner
Japan’s KDDI Corp and Sumitomo Corp are likely to partner of Myanmar’s state-backed telecommunications operator to expand services in one of the world’s least-connected countries, a Sumitomo official said.
Thailand seeks new energy resources as gas reserves dwindle
Thailand is seeking more imports of liquefied natural gas (LNG) and looking to other energy sources such as coal and renewables as domestic gas reserves will likely last only another seven years, senior Energy Ministry officials said on Thursday.
ACE to buy Thai insurer for $185 mln
ACE Ltd has agreed to buy a 60.9 percent stake in Thailand’s Siam Commercial Samaggi Insurance PCL for about $185 million as foreign insurers step up their presence in underdeveloped Southeast Asian insurance markets.
HK bidder seeks fast-track appeal in Fisker battle
A Hong Kong businessman intensified his fight for Fisker Automotive, the bankrupt maker of the plug-in hybrid Karma sports car, seeking an immediate appeal of a ruling that had opened the door for China’s Wanxiang Group as a bidder.
CITIC backs new fund set up by ex-FX Concepts execs
CITIC Capital Holdings Ltd, a unit of China’s sovereign wealth fund, has invested in a new U.S.-based asset management fund set up by former executives of bankrupt hedge fund FX Concepts, two sources familiar with the matter said on Wednesday.
Hony Capital considering bid for United Biscuits
The Chinese private equity firm Hony Capital is examining a bid for Britain’s United Biscuits Holdings Ltd and may be teaming up with a corporate buyer, Bloomberg reported on Wednesday.
NA Deals: Suntory acquires Beam for $13.6 bln
Six firms star in China Hydroelectric’s take-private transaction, CC, MoFo and Maples advise on Otsuka Medical Devices’ credit deal with MicroPort Scientific Corp, and much more in this week’s North Asia deals spotlight.
Bright Food to buy dairy firm Mundella
China’s Bright Food (Group) Co Ltd said it had agreed to buy Australian dairy company Mundella Foods through its Australian subsidiary, expanding the state-owned conglomerate’s overseas reach and boosting its exposure to the growing dairy market.
Chinese firms price IPOs at discounts after regulator steps up supervision
Three small Chinese companies have decided to sell shares at valuations much lower than those of peers just days after the securities regulator issued a new rule to prevent excessive stock pricing.
Seibu ends spat with Cerberus, seeks Tokyo listing
Seibu Holdings Inc and top shareholder Cerberus Capital Management LP will seek to relist the Japanese company in the coming months, sources said, allowing the U.S. investor to cash out most of its $1 billion-plus investment and ending a spat seen as a…