- China SPBD to Form JV with Silicon Valley
Shanghai Pudong Development Bank and Silicon Valley Bank of the U.S. plan to jointly set up a bank in China that will serve small- and medium-size technology companies.
- Sinopec Buys OXY's Argentina Assets for $ 2.4Bln
China Petrochemical Corp, parent of Sinopec Corp, has signed an agreement with U.S.-based Occidental Petroleum Corp. to acquire its Argentina unit’s oil and assets for 2.45 billion U.S. dollars.
- Brazil's Vale to List in Hong Kong on Dec.8
The Sao Paulo-based Vale said it would list about 652 million common shares and class A preferred shares on the financial hub’s bourse, making it the largest listed foreign company in non-financial sector.
- GIC Becomes Second Biggest Share Holder of CICC
The Government of Singapore Investment Corp will become the second-largest share holder of China Investment Capital Corporation (CICC) after it receives a substantial stake from Morgan Stanley for its exit.
- Dangdang to Raise $204Mln via U.S. IPO
Dangdang hopes to raise 204 million U.S. dollars via its 17 million American depositary shares of U.S. IPO on the estimated date of December 8.
- Chinese Government to Probe Tencent, Qihoo
Investigations will be conducted over the illegal business practices of the two companies, and the two should be fully co-operate with inquiry, the MIIT said.