Auto / Truck Manufacturers
Zhonghang Heibao Co Ltd Acquires China-based Company
Zhonghang Heibao Co Ltd announced that it has acquired a 100% stake in a Shandong-based automobile company, for RMB 600,000, on June 13, 2013.
Mahindra Ugine Steel Co Ltd Sells Stake, Property To Mahindra And Mahindra Ltd-Business Line
Business Line reported that Mahindra Ugine Steel Co Ltd, has sold entire 51% stake in Mahindra Sanyo Special Steel Pvt Ltd, a subsidiary of the Company, to Mahindra and Mahindra for INR214 crore. The Company has also sold about 76 acres at Khopoli in Raigad district to Mahindra & Mahindra for INR126 crore. The valuation of both the deals was done by independent professional firm, the Company said in a release on June 15, 2013.
DRB-Hicom Berhad's Lotus Advance Technologies Sdn Bhd Announces Proposed Acquisition Of 100% Equity Interest In Symphony Lotus Limited
DRB-Hicom Berhad announced that its effectively 100% wholly owned subsidiary, Lotus Advance Technologies Sdn Bhd (LATSB), had on June 11, 2013, entered into a conditional share sale and purchase agreement (SSA) with the shareholders of Symphony Lotus Limited (SLL) (Vendors) for a total consideration of USD15,000,003 (Purchase Consideration) to be satisfied in the following manner: a) Proposed acquisition of 1,000,000 ordinary shares of United States Dollar (USD) 1.00 each in SLL (SLL Share) representing the entire equity interest in SLL for a total cash consideration of USD3 (Proposed Acquisition); and b) Proposed transfer and assignment of the amounts owing by SLL to SLL's shareholders to LATSB for a total cash consideration of USD15 million (Proposed Transfer and Assignment of Shareholders' Advances). The Proposed Acquisition and Proposed Transfer and Assignment of Shareholders' Advances are collectively referred to as the Proposals. SLL was incorporated in Hong Kong SAR, People’s Republic of China (PRC) on January 11, 2011. Its authorized and fully paid up and issued share capital is USD1,000,000 comprising 1,000,000 SLL Shares. The principal activity of SLL is to engage in car dealership. As at June 11, 2013, SLL has one wholly owned subsidiary, Beijing Lotus Cars Sales Co. Ltd. (Beijing Lotus) which is incorporated in PRC. The principal activity of Beijing Lotus is the distribution of vehicles and wholesale of car components in PRC.
RPG Life Sciences Ltd Sells Part Of Land At Navi Mumbai Land For INR76.91 Crores (INR769.1 Million) To Maruti Suzuki India Ltd
RPG Life Sciences Ltd announced that it has sold leasehold rights on its surplus land admeasuring 14,148.90 square meters, situated at TTC Industrial Area, Village Pawane, Navi Mumbai to Maruti Suzuki India Ltd for consideration of INR76.91 Crores (INR769.1 Million). The proceeds from the transaction will be utilized for reducing the debt of the Company and investing in the projects to drive future growth of the Company.
Xiamen King Long Motor Group Co Ltd Updates Details of Equity Acquisition Plan
Xiamen King Long Motor Group Co Ltd announced that it has updated the details of its equity acquisition plan, which was previously announced on April 12, 2013. The Company will acquire a 60% and a 40% stake in a Hong Kong-based company, a provider of auto body products and parts, respectively from Mr. Lin Jinshan and Mr. Lin Binghuang, for RMB 23.67 million and RMB 15.78 million.
Chongqing Dima Industry Co Ltd's Subsidiary Wins Bid for Land
Chongqing Dima Industry Co Ltd announced that its subsidiary, a Chongqing-based real estate company, has won a bid for a plot of land measured 189,874 square meters in Chongqing in an auction, for RMB 1.77 billion.
Chongqing Dima Industry Co Ltd's Subsidiary to Acquire Equity Shares
Chongqing Dima Industry Co Ltd announced that its subsidiary, a Chongqing-based real estate development company, will acquire a 51% stake in another Chongqing-based real estate development company from a Chongqing-based holding group, for RMB 4.08 million.
Tata Motors Ltd's Tata Technologies To Acquire Cambric Corporation
Tata Motors Ltd announced that Tata Technologies has signed definitive agreements for the acquisition of US-based Cambric Corporation, an engineering services company. Cambric has three development centres in Romania and its customers include some of the world's marquee heavy machinery, agricultural, off-highway and automotive companies. It provides system level engineering and design capabilities in engine, powertrain, chassis/structures, body, electrical and hydraulic systems to its global customers, Cambric is privately held company with private equity investors holding majority stake in the company. Financial terms of the transaction were not disclosed.
Chifeng Jilong Gold Mining Co., Ltd. Updates Equity Acquisition Plan of Subsidiary
Chifeng Jilong Gold Mining Co., Ltd. announced that its wholly owned subsidiary, a Chifeng-based mining industry company, will acquire a 100% stake in a Liaoning-based gold mining company from a Tangshan-based group for RMB 625,959,200.
GK Rostekh, Renault-Nissan Alliance, and Troika Dialog Investments Limited Transfer 75% Stake of Avtovaz OAO Into JV Rostec Auto BV-Interfax
Interfax reported that GK Rostekh, the Renault-Nissan Alliance, and Troika Dialog Investments Limited, which own 74.51% stake in Avtovaz OAO has transferred shares belonging to them into the joint venture (JV) Alliance Rostec Auto BV, was stated in the materials of Avtovaz OAO. Joint venture was established in the Netherlands.
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Sector Summary
| Energy |  -0.16% |
| Basic Materials | -0.95% |
| Industrials | -0.71% |
| Cyclical Goods & Services | -0.06% |
| Non-Cyclical Goods & Services | -0.34% |
| Financials | -0.39% |
| Healthcare | -0.55% |
| Technology | -0.11% |
| Telecoms | -0.09% |
| Utilities | -0.80% |
| DOW | 14,931.87 | -43.09 |
-0.29% |
| S&P 500 | 1,613.97 | -0.99 |
-0.06% |
| NASDAQ | 3,433.40 | -1.09 |
-0.03% |
| TR US Index | 146.24 | -0.41 |
-0.28% |
+246.24Analyst Research
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