FinanceAsia

Creditors sell part of Hynix stake at 0% discount

Tue, 16 Mar 2010 09:03:00 GMT

Eight sellers, led by Korea Exchange Bank, raise $817 million from the sale of a 6.7% stake in Hynix Semiconductor after failing to exit the Korean memory-chip maker through a M&A transaction.

CLP Power prices $500 million 10-year bond

Tue, 16 Mar 2010 09:00:00 GMT

The 10-year deal is issued from the Hong Kong power producer's $2.5 billion medium-term note programme and prices aggressively thanks to stable market conditions.

Oji buys Paperbox from CVC

Tue, 16 Mar 2010 09:00:00 GMT

Private equity firm CVC Asia Pacific exits its investment in Malaysian paper manufacturer Paperbox through a sale to a strategic buyer, a trend that specialists say is on the rise.

A-Reit raises S$300 million from collateralised exchangeable

Tue, 16 Mar 2010 09:00:00 GMT

The innovatively structured deal gets a triple-A rating from both Moody's and S&P, allowing the Singapore-listed trust to achieve a coupon of just 1.6%.

Treasury mandate pipeline open again

Tue, 16 Mar 2010 09:00:00 GMT

Citi’s Sridhar Kanthadai says corporate spending is back, especially for treasury solutions.

Asian CFOs want IFRS influence

Tue, 16 Mar 2010 09:00:00 GMT

CFOs call for regional cooperation to influence global IFRS accounting standards.

Future of financial regulation in the hands of treasurers

Tue, 16 Mar 2010 09:00:00 GMT

FRSGlobal’s Selwyn Blair-Ford warns corporate treasurers to be wary of too much banking regulation.

Cnooc in $3.1 billion Argentine joint venture

Tue, 16 Mar 2010 09:00:00 GMT

Cnooc makes its largest overseas investment to date, shelling out $3.1 billion for a 50% stake in Argentine oil and gas company Bridas Corporation.

Keshav Sanghi promoted at Citi India

Tue, 16 Mar 2010 09:00:00 GMT

Just two months after he joined the firm, Keshav Sanghi is stepping up to head equities for Citi in India, filling a vacancy created by the resignation of Nikhil Nagle.

Shanghai still faces skills shortage

Tue, 16 Mar 2010 09:00:00 GMT

China’s plan to turn Shanghai into a leading financial centre by 2020 could be undermined by its ability to attract the talent it needs, as suggested by respondents to our latest poll.

Japan Achievement Awards 2009: Day 1

Tue, 16 Mar 2010 09:00:00 GMT

We reveal the best deals of 2009 in our third annual Achievement Awards for Japan.

China's evolving African trade

Tue, 16 Mar 2010 08:00:00 GMT

Standard Bank’s Craig Polkinghorne and Tee Chong Ong talk about Asia’s evolving trade relationship with Africa.

Payment news, March 16

Tue, 16 Mar 2010 08:00:00 GMT

Technology vendors launch treasury platforms and bank’s tout their cash management knowledge through roadshows and tomes.

Treasury appointments, March 16

Tue, 16 Mar 2010 08:00:00 GMT

A roundup of the latest CFO and treasurer moves from around the region.

Southeast Asia in focus as two new CBs hit the market

Mon, 15 Mar 2010 09:02:00 GMT

Bakrieland prices its $150 million deal after 1.5 days of marketing, while $350 million worth of bonds exchangeable into YTL scrape through at quite aggressive terms.

Budget hotel group and facade contractor launch IPOs

Mon, 15 Mar 2010 09:00:00 GMT

China-based Hanting Inns and Hotels is aiming to raise up to $110 million ahead of a Nasdaq listing, while facade specialist Far East Global is seeking up to $79 million from a Hong Kong IPO.

India Infoline to become first India-based broker on SGX

Mon, 15 Mar 2010 09:00:00 GMT

Indian financial services firm India Infoline receives a key Singapore Exchange approval and aims to launch broking services in Singapore in three months.

Thanachart Bank buys Siam City Bank

Mon, 15 Mar 2010 09:00:00 GMT

TBank, Thailand's seventh-largest bank, wins an auction for the government's controlling interest in Siam City Bank, valuing the target at $2 billion.

Dealogic league table roundup, March 12

Mon, 15 Mar 2010 09:00:00 GMT

Equity and debt capital markets issuance continues at a steady pace.

ICTS issues $250 million of unrated securities

Mon, 15 Mar 2010 08:00:00 GMT

Philippine container-port company International Container Terminal Services comes to market with $250 million of senior unsecured debt.

Fortis Healthcare buys TPG stake in Parkway

Fri, 12 Mar 2010 09:02:00 GMT

Indian hospital operator Fortis Healthcare pays $686 million to become the largest shareholder in Singapore-based pan-Asia hospital group Parkway Holdings.

Japan Achievement Awards 2009: Day 2

Fri, 12 Mar 2010 09:00:00 GMT

We reveal the houses that had the best year in 2009 in our third annual Achievement Awards for Japan.

China Mobile invests $5.8 billion in Shanghai Pudong Development Bank

Fri, 12 Mar 2010 09:00:00 GMT

China Mobile aims to tap into the growing potential for mobile finance and mobile e-commerce through a 20% stake in Shanghai Pudong Development Bank.

Loan Week, March 5-11

Fri, 12 Mar 2010 09:00:00 GMT

A roundup of the latest syndicated loan market news.

Sofa maker seeks Hong Kong IPO after delisting from SGX

Fri, 12 Mar 2010 09:00:00 GMT

Man Wah, which was listed in Singapore until last year and generates almost half of its earnings from the US, is looking to China for its next growth driver.