CHINESE COMPANY MAKES SHARPLY LOWER BID FOR PANAUST -- UPDATE
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, indicating the world's
second-biggest economy is eager to take advantage of slumping
commodity prices to secure long-term strategic supplies of
minerals. (published 0129 GMT)
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)
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)
WEICHAI POWER RAISES STAKE IN KION GROUP TO 38.25% VS 33.3% PREVIOUSLY
Weichai Power Co. bought an additional 4.95% stake in Germany's
Kion Group for 186.94 million euros, raising its stake in the
forklift and truck maker to 38.25%. (published 0138 GMT)
MINGFA GROUP 2014 NET PROFIT CNY829.3 MILLION; DOWN 41% ON YEAR
Mingfa Group Co. Ltd., which operates commercial and residential
properties, Monday reported a 41% drop of 2014 net profit, weighed
down by falling property prices and weak sales volume. (published
0231 GMT)
SACOMBANK GETS CENTRAL BANK APPROVAL TO OPEN UNIT IN LAOS
The State Bank of Vietnam said Monday it has allowed Saigon
Thuong Tin Commercial Joint Stock Bank, or Sacombank, to open a
wholly-owned unit in Laos. (published 0233 GMT)