Italian officials have been holding secret talks with Chinese officials about potential investments as a sovereign debt crisis in Greece threatens to spread into the region’s third-largest economy, Bloomberg reported, citing an Italian official speaking on condition of anonymity. The offical said that the talks did not focus on the purchase of Italian bonds by […]
Category: Investment
The US Securities and Exchange Commission on Thursday publicly criticized Deloitte Touche Tohmatsu for the accounting firm’s failure to turn over financial records for Longtop Financial Technologies (LFT.NYSE), a Chinese company that is under investigation for fraud, the New York Times reported. In a public statement, the SEC said it had issued the accounting firm […]
Sichuan Bohong Industry has signed an agreement to acquire Wescast Industries (WCS.A.TSE) for roughly US$13.73 per share, in a deal that values the Canadian auto parts maker at about US$81 million, Reuters reported. Bohong, an industrial conglomerate that does business in autos, manufacturing, real estate and new energy, has already completed due diligence and made […]
Singaporean state-owned investment company Temasek Holdings has purchased 4.4 billion shares in China Construction Bank (601939.SH, 0939.HK) for a total of US$2.8 billion, increasing its total stake in the bank to 8.1% from 6.27%, Bloomberg reported citing a filing with the Hong Kong Exchange yesterday. The Singaporean company had pared its holdings in CCB just […]
Changes to regulations governing foreign investment in Chinese internet firms will put mergers and acquisitions in the online space under greater regulatory scrutiny, the Financial Times reported. The regulations have clarified existing rules regarding the national security review of foreign investments in Chinese companies, and are meant to close loopholes that once allowed foreign firms […]