Diversified Trading / Distributing
Pacific Online Ltd's Indirect Subsidiary Enters Agreement To Purchase Property
Pacific Online Ltd announced that GZP Computer, an indirect wholly owned subsidiary, as the purchaser entered into the Pre-Sale Agreement with Shanghai Huatian as the vendor, pursuant to which GZP Computer agreed to purchase and Shanghai Huatian agreed to sell the Property, by way of pre-sale prior to the completion of the construction of the Project, at the Consideration. Financial terms of the transaction were not disclosed.
Koninklijke Reesink NV to Acquires Pon Material Handling Europe B.V., Motrac Hydraulic GmbH and Pelzer Fordertechnik GmbH
Koninklijke Reesink NV announced its intention to enter into a transaction with Pon Holdings B.V. regarding acquisition of 100% of the shares of Pon Material Handling Europe B.V. and Motrac Hydraulic GmbH and 75.04% of the shares of Pelzer Fordertechnik GmbH. The intended transaction is subject inter alia of approval from the shareholders at the Extraordinary General Meeting of Shareholders (EGM) on July 2, 2013, and subject to approval from other institutions concerned. The acquisition is expected to be completed in the third quarter of 2013.
NEC Mobiling Ltd Announces Outcome of Takeover Bid Launched by Marubeni Corp's Subsidiary
NEC Mobiling Ltd announced that Marubeni Corp's subsidiary, has acquired 13,001,211 shares of NEC Mobiling, at the price of JPY 5,510 per share, during the period from April 30, 2013 to June 12, 2013. The payment will be conducted on June 19, 2013. As a result, Marubeni Corp's subsidiary will become the top shareholder of NEC Mobiling, holding 130,012 voting rights (89.48%), up from 0 voting right (0%). NEC Corp will no longer hold any voting right in NEC Mobiling, down from 74,100 voting rights (51.00%), effective June 19, 2013.
Marubeni Corp Announces Changes in Terms of Acquisition for Gavilon Holdings, LLC
Marubeni Corp announced that it has entered into an amendment to the equity purchase agreement to modify the terms of the acquisition for Gavilon Holdings, LLC. Pursuant to the amendment, Marubeni will still acquire 100% of the equity interests of Gavilon, and the sellers will receive approximately USD 2,600 million in cash and will retain Gavilon's energy business, with Marubeni acquiring grain and fertilizer business.
Jilin Chengcheng Group Co Ltd Cancels Acquisition of Guizhou-based Company
Jilin Chengcheng Group Co Ltd announced that it has canceled the acquisition of a 100% stake in a Guizhou-based mining group.
The Bidvest Group Ltd Announces Joint Announcement Relating To Firm Intention By Bidvest To Make Cash Offer To Acquire Entire Issued Ordinary Share Capital Of Mvelaserve
The Bidvest Group Ltd announced that on May 8 2013 the board of directors of Mvelaserve received a firm intention letter from Bidvest (Firm Intention Letter) proposing the acquisition by Bidvest of the entire issued ordinary share capital, of Mvelaserve, excluding treasury shares, that it does not already own or has entered into an agreement to acquire (the/this Proposed Transaction). Bidvest currently owns 49,188,683 shares in Mvelaserve which constitutes approximately 34.75% of the issued ordinary share capital of Mvelaserve. Bidvest has entered into a conditional agreement with Mvelaphanda Holdings (Pty) Ltd (Mvela Holdings) to acquire 25,009,438 ordinary shares of no par value each, constituting approximately 17.67%, of the issued ordinary share capital of Mvelaserve at a price of ZAR8.50 per share (Acquisition Agreement). Should Bidvest acquire any Mvelaserve ordinary shares as a result of the Proposed Transaction, not already held by Bidvest or outside the Acquisition Agreement (Remaining Shares), at a higher price than R8.50 Mvela Holdings will receive the higher price paid per share for the Remaining Shares in respect of the shares sold in terms of the Acquisition Agreement. Bidvest proposes to fund the full purchase consideration in cash from its own resources. The TRP has been provided with a bank guarantee from The Standard Bank of South Africa Limited in compliance with Regulations 111(4)(a) and 111(5) of the Companies Regulations, 2011.
Xiamen ITG Group Corp Ltd's Subsidiary Wins Bid for Land
Xiamen ITG Group Corp Ltd announced that its wholly owned subsidiary, a Xiamen-based real estate group, has won a bid to acquired a plot of land measured 32,982 square meters in Longyan City in an auction, at a price of RMB 861 million.
NEC Mobiling Ltd Announces Take Over Bid Offered by Marubeni Corp's Subsidiary
NEC Mobiling Ltd announced that Marubeni's subsidiary, a Tokyo-based company which is engaged in mobile business operation, has launched takeover bid for 14,529,257 shares (a 100% stake) or no less than 7,410,000 shares (a 51% stake), at the price of 5,510 per share, or for JPY 80,056 million, during the period from April 30, 2013 to June 12, 2013. The settlement date is June 19, 2013.
China Conditionally Clears $5.6 Billion Marubeni Corp-Gavilon Deal-Reuters
Reuters reported that Chinese regulators on Tuesday gave a qualified green light to Japanese trading house Marubeni Corp's $5.6 billion purchase of U.S. grain merchant Gavilon, imposing stiff conditions that underscore Beijing's anxiety over food security. The deal was announced almost a year ago but has been held up for months by Beijing's close scrutiny of the combined group, which would have a leading role in supplying soybeans and other grains to China. U.S. and European antitrust authorities had already cleared the transaction.
Marubeni Corp's Telecom Unit To Buy NEC Mobiling Ltd-Reuters
Reuters reported that Marubeni Corp's telecom unit is preparing to buy NEC Mobiling Ltd. IT services provider and mobile handset maker NEC is shedding non-core assets in order to bolster its profitability.
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Sector Summary
| Energy |  +0.43% |
| Basic Materials |  -0.45% |
| Industrials | -0.03% |
| Cyclical Goods & Services | +0.44% |
| Non-Cyclical Goods & Services | +0.10% |
| Financials | +0.14% |
| Healthcare | +0.06% |
| Technology | +0.54% |
| Telecoms | +0.36% |
| Utilities | -0.35% |
| DOW | 15,035.70 | +60.74 |
+0.41% |
| S&P 500 | 1,623.17 | +8.21 |
+0.51% |
| NASDAQ | 3,450.90 | +16.41 |
+0.48% |
| TR US Index | 147.29 | +0.64 |
+0.44% |
Analyst Research
| Report Title | Price |
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: irasia.com
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$10.00
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Provider: irasia.com
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$10.00
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