U.S. CLEARS LAND-SWAP FOR RIO-BHP COPPER MINE PROJECT
U.S. President Barack Obama has signed into law legislation
clearing a land-swap deal that will underpin the proposed US$6
billion development of one of the world's largest untapped copper
deposits, Rio Tinto PLC said Monday. (published 0126 GMT)
FERROVIAL ABANDONS A$1 BILLION TRANSFIELD BID
Ferrovial SA abandoned a 1.02 billion Australian dollar takeover
bid for Australia's Transfield Services Ltd., a major setback in
the Spanish construction company's plan to compete for billions of
dollars of new infrastructure projects Down Under. (published 0006
GMT)
MEMSTAR TECHNOLOGY TO BUY LONGMEN GROUP VIA REVERSE TAKEOVER
Memstar Technology Ltd. Monday said that it has signed an
agreement to buy Longmen Group Ltd., a coal bed methane producer in
China, via a reverse takeover of shares in a deal worth US$420
million. (published 0218 GMT)
SIHUAN PHARMACEUTICAL: JOINT VENTURE TO BUY HOSPITAL STAKE
Sihuan Pharmaceutical Holdings, a Chinese pharmaceutical
company, said Monday that one of its joint ventures will receive a
capital injection of 830.7 million yuan to buy a stake in a Chinese
hospital. (published 0016 GMT)
CHINA AIRCRAFT LEASING TO SELL SOME FINANCE LEASE RECEIVABLES FOR $103 MLN
State-owned China Aircraft Leasing Group said Sunday that it
entered into an agreement to sell its finance lease receivables for
three aircraft to an independent trust for $103 million. (published
0003 GMT)
BANK OF EAST ASIA: THOMAS KWOK CONVICTION WON'T IMPACT COMPANY
Bank of East Asia Ltd., Hong Kong's leading independent
home-grown bank, said Monday that the conviction of Thomas Kwok
wouldn't have any impact on the company. (published 0040 GMT)