Steel

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Union Steel Holdings Ltd enters into assets acquisition agreement

8:55am EDT

Union Steel Holdings Ltd:Says its wholly-owned subsidiary and special purpose vehicle, Union CHH Sdn. Bhd (Union CHH or the Purchaser or SPV) enters into assets acquisition agreement on April 24.With Chye Hup Heng Sdn Bhd and Mr Sia Beng Kwee and Mr Sia Beng San (Guarantors) (Parties” in respect of acquiring, inter alia, eight parcels of land situated in Malaysia and all the buildings situated thereon (Properties), plant, machineries, equipment and vehicles (Assets) in Malaysia.Concurrently, the SPV had also executed separate individual sale and purchase agreement (Property SPA) with the Vendor in respect of each of the Properties.Aggregate consideration for the Proposed Acquisition is about 41,779,378 ringgit.

Okaya to acquire shares in NISHIFU MEAT

4:00am EDT

Okaya & Co Ltd:To acquire 1,171 shares (88.64 pct stake) in Tokyo-based company NISHIFU MEAT CO., LTD., which is engaged in chicken processing business, from an individual in May.To increase stake in NISHIFU MEAT to 98.71 pct (1,304 shares) from 10.07 pct (133 shares).Transaction price was not disclosed.

China Oriental Group Co Ltd's indirect non-wholly owned subsidiary announces acquisition of land in Suzhou

Thursday, 17 Apr 2014 04:39am EDT

China Oriental Group Co Ltd:Says on April 15, Beijing Real Estate, an indirect non-wholly owned subsidiary of the company was successful in its bid for the Land located in the city of Suzhou, the PRC, at a price of 295,000,000 yuan and received a confirmation letter thereof from the Land Bureau.

ALJ Regional Holdings Inc completes acquisition of Las Vegas Based Carpets N' More

Wednesday, 16 Apr 2014 10:32am EDT

ALJ Regional Holdings Inc:Completes acquisition of Floors N More, LLC, DBA, Carpets N' More.

Armco Metals Holdings Inc to acquire 100 pct of Draco Resources

Wednesday, 16 Apr 2014 09:10am EDT

Armco Metals Holdings Inc:To acquire 100 pct of Draco Resources Inc.Draco Resources is engaged in exploration, mining, and trading of iron ore and other mineral resources.

JSW Steel acquires equity stake in Vallabh Tinplate Private Limited (VTPL)

Wednesday, 16 Apr 2014 08:13am EDT

JSW Steel Ltd:Acquired further equity stake in Vallabh Tinplate Private Limited, raising its stake to 50 pct.

Citic Pacific Ltd updates on acquisition; proposes issue of consideration shares and placing shares under the specific mandate; proposes change of company name

Wednesday, 16 Apr 2014 04:46am EDT

Citic Pacific Ltd:Refers to the announcement made on March 26, relating to the framework agreement under which, CITIC Pacific had agreed to acquire CITIC Limited from CITIC Group and CITIC Enterprise Management.Says on April 16, CITIC Pacific, CITIC Group and CITIC Enterprise Management entered into the share transfer agreement in respect of the acquisition.Transfer Consideration is 226,929.8730 mln yuan.Cash consideration portion of the transfer consideration, namely 49,916.7730 mln yuan, will be paid by CITIC Pacific on or before the closing date.Share consideration portion of the transfer consideration, namely 177,013.1000 mln yuan, will be satisfied by the issue of consideration shares by CITIC Pacific to CITIC Group or CITIC Group’s designated subsidiaries on or before the closing date.Cash consideration will be financed by CITIC Pacific primarily through equity fund raising and if required, internal cash resources, bank borrowings or other means.Says it also proposes to issue the placing shares to raise cash funding for the purpose of settling all or part of the cash consideration for the acquisition.At the same time, CITIC Group will hold 18,677,492,723 shares of CITIC Pacific, representing 75 pct of the enlarged share capital of CITIC Pacific.Says it proposes to change its English name from CITIC Pacific Limited to CITIC Limited.

NISSO PRONITY to acquire land in Fukuoka

Tuesday, 15 Apr 2014 02:30am EDT

NISSO PRONITY CO LTD:To acquire a plot of land measured about 740 square meters in Fukuoka, Japan from individual, at about 190 mln yen for construction of headquarters facility.

Steel & Tube Holdings completes acquisition of Tata Steel International (Australasia) Ltd

Sunday, 13 Apr 2014 09:11pm EDT

Steel & Tube Holdings Ltd:Completes the acquisition of Tata Steel International Australasia Ltd (TSIAL).Consideration of NZ$27.5mln is for assets of NZ$28m inclusive of NZ$3.7mln of cash and is subject to the finalisation of completion accounts.

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