2014.1
China provincial govt may bail out shadow bank
A Chinese provincial government may help bail out investors in a troubled high-yield investment product, local media reported on Thursday, in a closely watched case viewed as a potential landmark precedent for defaults in China’s shadow bank sector.
Lenovo ‘nears deal to buy IBM’s server unit’
Lenovo Group Ltd is nearing an agreement to buy International Business Machines Corp’s low-end server business for $2 to $2.5 billion, a deal that would help the Chinese company counter the shrinking personal computers market, people familiar with the …
How Caterpillar got bulldozed in China
Asia’s top mergers and acquisitions bankers gathered two years ago at the swanky Island Shangri La in Hong Kong to celebrate the top deals of 2012. As the transactions were being toasted, one was unraveling.
U.S. SEC judge suspends ‘Big Four’ China units over audits
Chinese units of the global “Big Four” accounting firms should be suspended from practicing in the United States for six months, a U.S. judge ruled, in an escalation in a long-running dispute over regulators’ access to audit documents.
Volvo gets 1st nod for Chinese JV
Volvo said on Wednesday a Chinese agency had approved a joint venture between the world’s number two truck maker and China’s Dongfeng Motor Group, but that more approvals were still needed.
Enough cash to fund Portuguese insurance deal: Fosun
Chinese conglomerate Fosun International Ltd reassured investors on Wednesday that it has enough cash on hand to fund the one billion euro ($1.35 billion) purchase of the insurance arm of a Portuguese state bank and it will continue to buy foreign asse…
S. Koreans seethe, sue as credit card details swiped
The theft of personal information from more than 100 million South Korean credit cards and accounts, reportedly including those of President Park Geun-hye and UN chief Ban Ki-moon, has ignited a storm of anger and litigation against credit firms.
Weil Gotshal swoops in for K&E funds partner
Weil, Gotshal & Manges has hired Albert Cho from Kirkland & Ellis as a partner in the firm’s global private funds group in Hong Kong.
DBS ‘in advanced talks to buy SocGen Asia private bank’
Singapore’s DBS Group Holdings is in advanced talks to buy Societe Generale’s Asian private bank, a deal that would help boost its private banking assets by almost a third, sources familiar with the matter said.
NA Deals: MBCDF acquires Symbior Energy
Three firms advise on KEXIM’s $750 million notes issue, MoFo leads on three HK IPOs, CC counsels Spring Airlines’ on the establishment of, and investment in, Spring Airlines Japan, and much more in this week’s North Asia deals roundup.