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Asia Resources' unit to buy 20 pct interest in target co for HK$273 mln

Wednesday, 19 Apr 2017 11:07am EDT

April 19 (Reuters) - Asia Resources Holdings Ltd <0899.HK>:Discloseable Transaction Involving The Acquisition Of 20 pct Of Equity Interests In The Target Company .Consideration payable for sale and purchase of sale shares shall be HK$273 mln which shall be settled by promissory note.Jiu Tai International Resources to sell, and Continental Joy to purchase, sale shares for HK$273 million.Target Company is Hong Kong Spring Water Ding Dong Group .

China Smarter Energy Group Holdings says unit entered into agreement with Shanghai Guxin Asset Management

Friday, 31 Mar 2017 11:14am EDT

China Smarter Energy Group Holdings Ltd <1004.HK>: Purchaser to purchase, and vendor to sell, entire equity interest in target company for consideration of rmb645 million . The purchaser, vendor and target company entered into sale and purchase agreement . Shanghai gorgeous smarter energy company, as purchaser; shanghai guxin asset management company limited, as vendor .Qingdao guxin electricity investment company limited as target company.

Asia Development Capital to buy stakes in two firms

Friday, 31 Mar 2017 03:28am EDT

Asia Development Capital Co Ltd <9318.T> : Says it plans to acquire 80 percent stake of shares in a Tokyo-based firm China Commerce (target firm 1), which is engaged in Unionpay online shopping mall operation business, with transaction amount undetermined, in late-April . Co plans to acquire 3,000 shares in a Chiba-based firm (target firm 2) engaged in pawnshop business, for 32 million yen, raising stake in it to 74 percent from 35 percent, on April 3 .Says co will acquire shares in the two target firms via private placement plan offered by them.

Fintech Group merges its current five affiliated companies into two

Wednesday, 1 Mar 2017 02:15am EST

Fintech Group AG : Fintech group plans to leverage further synergies by merging its five operating companies (Fintech Group AG, flatex GmbH, biw AG, XCOM AG, and ViTrade GmbH) into just two companies over coming months . Online broker flatex and ViTrade to be merged into biw AG, with new entity rebranded as Fintech Group Bank AG . IT-Systems provider XCOM AG to be merged into Fintech Group AG . Creating further synergies by merging its current five affiliated companies into two: a financial services entity and a tech entity will result in a reduction of annual operating expenses in order of a seven-digit euro sum .Considers to raise its 2017 guidance upon publication of annual financial report 2016 by April at latest.

Charles Schwab posts CFO commentary regarding recent price reductions

Tuesday, 28 Feb 2017 03:38pm EST

Charles Schwab Corp : Charles schwab posts cfo commentary regarding recent price reductions . Charles schwab -plan for the year uses same assumptions for equity market returns and client trading activity, but allows for fed rate hike at mid-year . Charles schwab -plan for the year also includes pricing moves akin to latest announcement along with some incremental reinvestment in the business .Charles schwab - importantly, co's basic guidance about using benefits of incremental rate hikes remains in effect.

China Merchants Securities updates on proposed restructuring

Friday, 24 Feb 2017 06:59am EST

China Merchants Securities Co Ltd <600999.SS> : Informed by CMG that it agreed to transfer its 90% equity interest in CM Finance, 49% in Yan Qing Investment and 10.55% in CM HK to CM Steam . CM Steam will become an intermediate controlling shareholder of company .CMG being China Merchants Group Limited and CM Steam being China Merchants Steam Navigation Co., Ltd.

Tokai Tokyo Financial Holdings offers ToB for shares in Takagi Securities at 270 yen per share

Monday, 20 Feb 2017 01:53am EST

Tokai Tokyo Financial Holdings Inc <8616.T> : The company is offering a takeover bid for 58,820,751 shares (or no less than 23,318,090 shares) of Takagi Securities Co Ltd <8625.T>'s stock, at the price of 270 yen per share . Co will hold 100 percent stake in Takagi Securities(58,820 voting rights), up from 0 percent . Total acquisition amount is 15.88 billion yen for 58,820,751 shares . Say the offering period from Feb. 21 to April 4 . Settlement date is April 11 . Along with the result of ToB, Takagi Securities has the possibility of delisting from TSE .Nomura Holdings Inc<8604.T> 's wholly owned unit plans to sell entire 17.1 million shares holding in Takagi Securities to Tokai Tokyo Financial Holdings.

CITIC Securities plans to boost unit's capital by 11 bln yuan

Friday, 17 Feb 2017 04:11am EST

CITIC Securities Co Ltd <600030.SS><6030.HK> : Says board approves to boost investment unit's capital by 11 billion yuan ($1.60 billion) . Says it plans to sell its entire 12.7 percent stake in Qianhai Equity Exchange (Shenzhen) for at least 299.9 million yuan .Says it plans to sell it and units' 4.6 percent stake in E-capital Transfer for at least 111.5 million yuan.


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