AIRASIA SHARES PLUNGE AS RESCUERS RESUME SEARCH FOR FLIGHT 8501
Shares AirAsia Bhd plunged 12% following the loss of its
Indonesian affiliate's Flight 8501, and analysts expect the stock
to remain weak in the near term. (published 0153 GMT)
CITIC SECURITIES PLANS H-SHARE ISSUANCE
Brokerage firm Citic Securities Co. Ltd. said it plans to issue
up to 1.5 billion new shares in Hong Kong and the net proceeds will
fund business development as well as used for general working
capital. (published 0102 GMT)
GEMDALE PROPERTIES & INVESTMENT: TO RAISE HK$1.82 BLN VIA SHARE SALE
Hong Kong-listed Gemdale Properties & Investment Corp. Ltd.
said it seeks to raise 1.82 billion Hong Kong dollars via a share
sale to settle payment of development and construction costs of its
current property projects. (published 0154 GMT)
KEPPEL CORP WILL BUILD A LAND DRILLING RIG FOR A MAJOR OPERATOR
Keppel Corp. Ltd. will build one of the world's largest land
drilling rigs for a major operator, scheduled to be completed in
2016, for over US$100 million. (published 0157 GMT)
ASCENDAS INDIA TRUST TO ACQUIRE PROPERTY IN PUNE, INDIA
Ascendas India Trust, an Indian property investor listed in
Singapore, said Monday it would acquire BlueRidge Phase II, an
information technology special economic zone, for an amount not
expected to exceed S$133 million . (published 0256 GMT)
PETRO-KING OILFIELD EXPECTS TO SWING TO NET LOSS FOR 2014, PLANS RIGHTS ISSUE
Hong Kong-listed Petro-King Oilfield Services Ltd. said it
expects to swing to a net loss for the year ending December from a
net profit a year earlier, partly due to a decrease in revenue and
an increase in operating costs. (published 0038 GMT)
AUSTRALIAN LABOR SERVICES COMPANY BIDS FOR RIVAL
Programmed Maintenance Services Ltd. bid for Skilled Group Ltd.
in a cash-and-shares offer currently worth around 342 million
Australian dollars, the Australian companies confirmed on Monday.
(published 0018 GMT)
AMERICAN APPAREL IS PRESSED TO WEIGH ALTERNATIVES--UPDATE
Hedge fund Lion Capital pressed struggling retailer American
Apparel Inc. to consider options including a sale of the company,
people familiar with the matter said. (published 0051 GMT)