2014.2
Matrix Capacity plans Malaysia’s biggest shell company listing in H2 2014
Malaysia’s Matrix Capacity Petroleum Bhd, a shell company set up to buy energy assets, plans to list shares on the Kuala Lumpur stock exchange in a deal that two financial sources said could raise up to one billion ringgit ($303 million) in the second …
Bakrie close to finalising Asia Resource Minerals split
Indonesia’s Bakrie Group said it expected to complete its split from London-listed coal miner Asia Resource Minerals (ARMS) this month – a separation that been held up due to delays in fund raising.
Indonesia to ease export tax, 1st rollback of mining rules
Indonesia will ease a controversial tax on mineral concentrate exports for firms that build smelters in the country, in the first rollback of new rules that have caused its mining industry to grind to a halt.
Guangzhou reveals Free-Trade Zone application
China’s Guangzhou city has announced the scope of its proposed Free-Trade Zone (FTZ) plan in its unified Guangdong-Hong Kong-Macau FTZ application.
Asia Appts: Bakers gets new Yangon office head
Also, DLA Piper’s Middle East offices in Dubai and Riyadh bring a new partner and legal consultant on board respectively, Aureus gets a senior partner in Delhi litigator Niki Kantawala, and much more in our weekly Asia appointments roundup.
Top bankers expect EU stress tests to reignite banking M&A
Bankers expect a thorough European Central Bank (ECB) health check of the euro zone’s largest banks to reignite domestic and cross-border merger activity by rebuilding confidence among lenders.
M&A plans to expand healthcare business: Toshiba
Toshiba Corp plans to spend billions of dollars on mergers and acquisitions to boost annual sales in its healthcare division to one trillion yen ($9.78 billion) by March 2018, President Hisao Tanaka said on Thursday.
Shenzhen Marisfrolg buys Krizia
Chinese retail group Shenzhen Marisfrolg has bought Krizia, one of Italy’s oldest ready-to-wear fashion brands, and plans to open new shops in Asia, the companies said on Monday.
Nishimura & Asahi to open in Shanghai
Japan’s Nishimura & Asahi is set to open a representative office in Shanghai after receiving a licence from the Ministry of Justice of the People’s Republic of China.
Rajah & Tann ties up in Vietnam
Rajah & Tann has announced a tie-up with Vietnamese law firm LCT Lawyers to create Rajah & Tann LCT Lawyers, a 25-lawyer firm that will have a presence in Ho Chi Minh City, Hanoi and Da Nang.