2014.3
SE Asia Deals: Hitachi buys majority stake in Micro Clinic India
Also, MoFo stars in Global Logistic Properties’ $1.4 billion purchase of BR Properties’ Brazil assets, AZB and ELP advise on Titan’s joint venture with Montblanc for single-brand retail in India, AZB, Trilegal and Vaish Associates score lead roles in the $1.6 billion Indian hydroelectric power plant deal, and much more in our weekly Southeast Asia deals spotlight.
Alibaba buys ChinaVision stake for $804 mln
China’s largest e-commerce company Alibaba Group Holding has agreed to buy a controlling stake in ChinaVision Media Group Ltd for $804 million, giving it access to TV and movie content as competition in the world’s biggest Internet market becomes incre…
SpiceJet places $4.4 bln order for 42 Boeing 737s
Indian budget airline SpiceJet Ltd has signed a deal with Boeing Co to buy 42 737 MAX jets in a deal worth $4.4 billion at list prices, the company said on Wednesday, sending its shares up more than 7 percent.
Switch SUPERNAP in venture with Egyptian telecoms tycoon
U.S.-based data centre firm Switch SUPERNAP has set up a joint venture with specialist investment companies in Egyptian tycoon Naguib Sawiris’ telecoms empire to win business in Europe, Asia and the Americas.
NA Deals: Tencent buys 15 pct stake in JD.com
Also, Paul Hastings, Bakers, CC advise on Poly Culture Group Corp’s $331 million global offering and listing on the HKEx, K&E represents Vipshop on its 75 percent stake acquisition in Lefeng.com, Links and CC star in Horsepower Finance’s $1.2 billion medium-term programme, and much more in this week’s North Asia deals spotlight.
BLP hires finance partner in HK
Berwin Leighton Paisner has hired structured asset finance expert Nigel Ward as a partner in Hong Kong.
Kian Joo Can Factory gets offer from Toyota Tsusho
Japan’s Toyota Tsusho Corp has made an offer to purchase 51 percent of Malaysia’s Kian Joo Can Factory Bhd, bidding more on a per share basis than a rival Malaysian firm and sending Kian Joo’s stock soaring.
Ackman accuses Herbalife of breaking laws in China
Billionaire investor William Ackman renewed his attack on Herbalife on Tuesday, saying he has evidence showing the nutrition and weight loss company is breaking direct-selling laws in China, its fastest growing market.
Harneys to open in Singapore
Offshore law firm Harneys is growing its Asian presence with the launch of an office in Singapore, its seventh worldwide and second in the region.
3 ex-judges join BKL in Seoul
Bae, Kim & Lee has strengthened its Seoul office with the addition of three partners, Taeck Soo Kwon, Joo Hyae Jun and Il Yeon Kim, all of whom are former judges.