Cargotec Oyj's Plans to Spin-off of Marine Unit-Reuters

Reuters reported that Cargotec Oyj’s Chief Executive Officer announced that the Company’s marine unit will be ready to run independently by the end of the year 2013 and can list in Singapore any time after that. The exact timing of the Initial Public Offering for the MacGregor unit, which makes...

3:57am EDT

Aerosun Corp to Set up Joint Ventures

Aerosun Corp announced that it will invest RMB 11 million to set up a joint venture with a China-based construction group and a Jiangsu-based engineering advisory company (Company A), with each holding a 55%, a 25% and a 20% stake. The joint venture will be a Nanjing-based art engineering company...

Tuesday, 21 May 2013 08:00pm EDT

Tat Hong Holdings Ltd Updates On Voluntary Liquidation Of Dormant Joint Venture Company

Tat Hong Holdings Ltd announced with reference to the announcement made earlier, the Company now announced that it has completed the voluntary liquidation of 50%-owned dormant joint venture company, Global Oilfield Services Pte Ltd (Global Oilfield). Global Oilfield was incorporated in Singapore on...

Tuesday, 21 May 2013 05:34am EDT

Cosco Pacific Ltd To Sell Entire China International Marine Containers (Group) Co Ltd Stake To State-Owned Parent Co For $1.2 Billion-DJ

Dow Jones reported that Cosco Pacific Ltd said it has agreed to sell its entire 21.8% stake in container maker China International Marine Containers (Group) Co Ltd to its state-owned parent company for $1.22 billion in cash. Cosco Pacific said in a statement the sale of its CIMC stake to China Ocean...

Monday, 20 May 2013 09:05am EDT
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