SLATER & GORDON TO BUY QUINDELL UNIT FOR GBP637M - UPDATE
Australian law firm Slater & Gordon Ltd. has struck a deal
to buy a unit of insurance claims processor Quindell PLC for a
minimum 637 million pounds, a move that will expand its personal
injury law business in the U.K. (published 0010 GMT)
SINCERE WATCH TO RAISE HK$844 MILLION TO FUND A PROJECT IN HAINAN PROVINCE
Sincere Watch Ltd. agreed to raise as much as 844.1 million Hong
Kong dollars in two share placements to fund its acquisition of a
project in Hainan Province. (published 0006 GMT)
TYCOON LI KA-SHING LOOKS TO ISRAEL FOR INNOVATION
Hong Kong tycoon Li Ka-shing's venture-capital fund, Horizons
Ventures Ltd., may only be a bit player in Silicon Valley, but its
making a much bigger mark in Israel: the fund is the biggest source
of foreign cash for growing numbers of startups in Tel Aviv,
according to IVC Research Center, which tracks the market.
(published 2126 GMT Sunday)
CHINESE FIRM CUTS BID FOR LAOS-FOCUSED COPPER, GOLD MINER
A Chinese company returned with a sharply reduced takeover bid
for Laos-focused PanAust Ltd. that values the copper and gold miner
at 1.11 billion Australian dollars . (published 2150 GMT
Sunday)
HUDSON NEWS OWNER TO BUY WORLD DUTY FREE -- 2ND UPDATE
Swiss airport retailer Dufry AG said it has agreed to buy
Italy's World Duty Free SpA in a deal that values the latter at
about 3.6 billion euros, including debt. (published 1941 GMT
Sunday)
HOLCIM SHAREHOLDER PLANS TO VOTE AGAINST LAFARGE DEAL -- UPDATE
Eurocement Holding AG, the second-largest shareholder in cement
company Holcim Ltd., plans to vote against the Swiss company's
union with Lafarge SA unless the financial terms of the deal are
altered, according to a person familiar with situation. (published
1501 GMT Sunday)
CHEMCHINA COMMITTED TO PIRELLI'S AUTONOMY -- UPDATE
The Chinese chemical company behind a bid to buy tire maker
Pirelli & C SpA in a potential $7.7 billion deal won't rule out
an improved offer, even as it suggested it had limited financial
firepower to offer more. (published 1121 GMT Sunday)
GREENTOWN CHINA 2014 NET PROFIT FALLS 58% AS PROPERTY PROJECT PRICES DECLINE
Greentown China Holdings Ltd.'s 2014 net profit fell 58% from a
year earlier, weighed in part by lower selling prices of its
property projects amid an economic slowdown. (published 0021
GMT)
CHINALCO MINING NAMES JIN YANBING AS CHIEF FINANCIAL OFFICER
Chinalco Mining Corp. International said Monday it appointed Jin
Yanbing as chief financial officer with immediate effect.
(published 0050 GMT)
CHINA YURUN FOOD: PROSECUTORS PUT CHAIRMAN ZHU YICAI UNDER HOUSE ARREST
China Yurun Food Group Ltd. said a Chinese authority has placed
its chairman, Zhu Yicai, under house arrest since March 23.
(published 0052 GMT)
SYNLAIT MILK SWINGS TO A FIRST-HALF LOSS
New Zealand milk company Synlait Milk Ltd. swung to a loss for
the first half of the year, largely due to one-offs. (published
2045 GMT Sunday)
FACEBOOK WOOS CHINESE ADVERTISERS
Facebook Inc. is hiring in Hong Kong, has tapped a second local
partner to reach advertisers and is waging a charm campaign to draw
more business from Chinese companies, even though Chinese users
can't access its service. (published 1958 GMT Sunday)
BEST BUY TO SHUTTER CANADIAN FUTURE SHOP CHAIN
Best Buy Co. said it would shutter its Canadian chain Future
Shop to focus attention on its namesake brand, a move that will cut
about 1,500 jobs across the country. (published 1628 GMT
Saturday)
ABN AMRO EXECUTIVES RENOUNCE PAY RISES
Dutch bank ABN Amro Group NV said Sunday that its top executives
returned a pay increase following criticism from lawmakers.
(published 1605 GMT Sunday)