News

Editor's Desk
Dealogic league table roundup, March 12
Equity and debt capital markets issuance continue at a steady pace.
By FinanceAsia & Dealogic | 12 March 2010
M&A
Fortis Healthcare buys TPG stake in Parkway
Indian hospital operator Fortis Healthcare pays $686 million to become the largest shareholder in Singapore-based pan-Asia hospital group Parkway Holdings.
By Sameera Anand | 12 March 2010
Equities
Sofa maker seeks Hong Kong IPO after delisting from SGX
Man Wah, which was listed in Singapore until last year and generates almost half of its earnings from the US, is looking to China for its next growth driver.
By Lillian Liu | 12 March 2010
M&A
China Mobile invests $5.8 billion in Shanghai Pudong Development Bank
China Mobile aims to tap into the growing potential for mobile finance and mobile e-commerce through a 20% stake in Shanghai Pudong Development Bank.
By Sameera Anand | 12 March 2010
Awards
Japan Achievement Awards 2009: Day 2
We reveal the houses that had the best year in 2009 in our third annual Achievement Awards for Japan.
By FinanceAsia Editors | 12 March 2010
People Moves
Kaku Nakhate rejoins Bank of America Merrill Lynch
Bank of America Merrill Lynch lures Kaku Nakhate back from J.P. Morgan to become country head for India.
By Sameera Anand | 12 March 2010
Debt
Loan Week, March 5-11
A roundup of the latest syndicated loan market news.
By FinanceAsia & Dealogic | 12 March 2010
People Moves
RBS hires in Japan
The Royal Bank of Scotland hires Ernfred Olsen as country executive and head of global banking and markets as it builds its Japan team.
By Lara Wozniak | 11 March 2010
Macro & Markets
Regulatory reform is the way forward for Japan
Delegates at a Japan CFO roundtable emphasise regulatory reform instead of economic stimulus as a way to support the Japanese economy.
By Edward Russell | 11 March 2010
Equities
Bakrieland launches $150 million convertible bond
The Indonesian property developer is offering bonds with a coupon of up to 8.625% and a conversion premium of 20% to 25%. The deal is expected to price tomorrow.
By Anette Jönsson | 11 March 2010
Polls
Prudent acquisition?
FinanceAsia readers give the thumbs-up to Prudential's record $35.5 billion acquisition of AIA.
By FinanceAsia Editors | 11 March 2010
Awards
Japan Achievement Awards 2009: Day 1
We reveal the best deals of 2009 in our third annual Achievement Awards for Japan. The winning houses will be announced tomorrow.
By FinanceAsia Editors | 11 March 2010
People Moves
Fred Hu to retire from Goldman Sachs
Fred Hu is leaving Goldman Sachs, but will become an advisory director for the firm.
By Lara Wozniak | 11 March 2010
Equities
Zhongsheng resumes IPO, but halves the size
The Chinese car dealer decides to sell a smaller portion of its enlarged share capital at this time, believing that the stock will command a higher valuation in the long term, ...
By Lillian Liu | 10 March 2010
Equities
NMDC sets price range for $2.6 billion follow-on
The government's sell-down in the country's largest iron ore miner will boost the free-float to 10%, but valuation multiples suggest it could be a tough sell.
By Anette Jönsson | 10 March 2010
Debt
Shinhan Bank sells benchmark $700 million bond
Following on from Kexim’s successful issue last week, Shinhan Bank comes to market with a tightly priced 5.5-year security.
By Mei Tuicolo | 10 March 2010
People Moves
Citi hires hedge fund manager John Liptak from Tribridge
John Liptak takes on a new role as Citi’s head of Asia-Pacific distressed and special situations after only nine months with Tribridge Investment Partners.
By Mei Tuicolo | 10 March 2010
Private Banking
Asia headcount grows fivefold at BSI
The Swiss private bank has been hiring feverishly in the region, but may find it harder to attract talent down the road.
By Joseph Marsh | 10 March 2010
People Moves
Gaurav Gupta to head Macquarie Capital Advisers in India
Gaurav Gupta will join Macquarie from Nomura to head investment banking for India, a position that opened up when Varun Bajpai moved on to head a new Macquarie India fund ...
By Sameera Anand | 9 March 2010
Private Banking
Julius Baer appoints head of private banking for Southeast Asia
Julius Baer appoints David Lim head of private banking for Southeast Asia in addition to his current title of deputy CEO for Singapore.
By Lara Wozniak | 9 March 2010
Cash
Payment news, March 9
Scotch tape maker 3M selects a new enterprise resource planning system, while treasury and remittance options expand in Southeast Asia.
By Jonathan Wong | 9 March 2010
Cash
Chinese banks target SMEs with new treasury offerings
Competition among China’s banks is set to rise as demand for cash management from local SMEs increases.
By Jonathan Wong | 9 March 2010
CorporateTreasury Moves
Munir Nanji fills bank services gap at Citi
Citi appoints Munir Nanji to vacant Asia-Pacific bank services group head position.
By Edward Russell | 9 March 2010
Trade
Wells Fargo gets a trade processing bonus
Wells Fargo global trade services head Steven Nichols takes a walk through the bank’s newly acquired trade document processing centre.
By Edward Russell | 9 March 2010
Equities
Indian deals suggest confidence is returning
An existing shareholder sells $422 million worth of shares in Tata Motors, while Exide Industries completes a $119 million QIP. Meanwhile, in Hong Kong, Zhongsheng prepares to ...
By Anette Jönsson | 9 March 2010
CorporateTreasury Moves
Treasury appointments, March 9
A roundup of the latest CFO and treasurer moves from around the region.
By Jonathan Wong | 9 March 2010
M&A
PetroChina and Shell offer $3 billion for Arrow Energy
China's latest attempt to secure natural resources sees PetroChina partner with Shell in a $3 billion takeover bid for Australia's Arrow Energy.
By Sameera Anand | 9 March 2010
View Point
The changing face of ratings
Yu-Tsung Chang, head of Asia-Pacific ratings at Standard and Poor’s, talks about the role of rating agencies in Asia’s credit markets.
By Mei Tuicolo | 9 March 2010
Cash
Mahindra's hydra-headed treasury team
Mahindra & Mahindra’s senior vice-president of corporate finance K Chandrasekar talks about how treasury supports a great brand.
By Jonathan Wong | 9 March 2010
Cash
Bank of East Asia improves payments infrastructure in China
Bank of East Asia’s new payments system allows for greater integration and customisation for its corporate treasury clients.
By Edward Russell | 9 March 2010
Business Moves
Goldman Sachs builds Asia industrials team
Tom Fennimore moves to Beijing from New York as part of Goldman Sachs's efforts to build its industrials team in Asia.
By Lara Wozniak | 8 March 2010
People Moves
KKR poaches Sen from Citi
Private equity firm KKR hires Abhijit Sen from Citi as CFO for its India operations.
By Sameera Anand | 8 March 2010
Macro & Markets
China sets ambitiously low inflation target
China's 3% inflation rate target comes as a surprise, as CPI is likely to exceed that level in the second quarter, economists warn.
By Lillian Liu | 8 March 2010
Equities
Korea Life raises $1.56 billion from IPO
The deal is priced below the initial range even though the withdrawal of AIA's planned IPO is said to have resulted in increased interest for the Korean life insurer.
By Anette Jönsson | 8 March 2010
M&A
Essar buys Trinity Coal from Denham
Indian steel maker Essar shells out $600 million for US coal producer Trinity Coal, providing an exit for Trinity's private-equity owner Denham Capital.
By Sameera Anand | 8 March 2010
Editor's Desk
Dealogic league table roundup, March 5
The equity and debt capital markets continue to record a steady flow of new issuance.
By FinanceAsia & Dealogic | 5 March 2010
People Moves
BoA Merrill grabs Michael Luk from Deutsche
Former head of Asia fixed-income capital markets at Deutsche, Michael Luk, moves to Bank of America Merrill Lynch to take on a bigger role as head of Asia-Pacific debt capital ...
By Mei Tuicolo | 5 March 2010
Business Moves
ANZ gets approval for Mumbai branch
A decade after ANZ sold the Grindlays franchise and exited its India business, it receives permission to set up its first branch in Mumbai.
By Sameera Anand | 5 March 2010
Equities
Pacific Basin raises $230 million from upsized CB
The Hong Kong-based shipping company executes a deal that is viewed as well priced, and only two days after Vedanta issues another well-received deal, sparking hopes of a ...
By Anette Jönsson | 5 March 2010
People Moves
J.P. Morgan appoints Catherine Leung vice-chairman of Asia IB
J.P. Morgan's Catherine Leung, who is head of Hong Kong investment banking, takes on this additional title in a move that formalises her role in building relations between Hong ...
By Lara Wozniak | 5 March 2010
Debt
Loan week, February 26-March 4
A roundup of the latest syndicated loan market news.
By FinanceAsia & Dealogic | 5 March 2010
Polls
Robin Hood? No, thanks
Taxing speculative financial trades to fund social spending is an idea that has intuitive appeal to most people, except market participants.
By FinanceAsia Editors | 5 March 2010
People Moves
Nomura hires Nipun Goel and Nitin Jain in India
Nomura makes senior appointments in India, hiring Nipun Goel to head investment banking and Nitin Jain to co-head fixed income.
By Sameera Anand | 4 March 2010
People Moves
Societe Generale appoints Todd Martin Asia equity strategist
French bank Societe Generale creates a new Asia equity strategist position and hires Todd Martin who used to work at CLSA to staff it.
By Sameera Anand | 4 March 2010
Macro & Markets
Cloudy outlook for carbon markets
Carbon market participants are downbeat on future expansion thanks to global politicians' failure to make any binding decisions in Copenhagen in December. Maybe it's time to ...
By Lara Wozniak | 4 March 2010
Equities
Toyota sales agent puts $1 billion IPO on hold
Bankers blame the current market conditions for Zhongsheng's decision to postpone the deal, but analysts say lofty price expectations by the issuer also played a role.
By Lillian Liu | 4 March 2010
Debt
Kexim prices $1 billion senior unsecured notes
The 5.5-year issue is priced at the tight end of guidance after attracting $2.7 billion of demand.
By Mei Tuicolo | 4 March 2010
Equities
China Merchants Bank sets rights issue price
The country’s fifth-largest lender offers its shares at an average discount of 44.4% to the theoretical ex-rights price of its A- and H-shares.
By Lillian Liu | 3 March 2010
People Moves
Jai Rajpal assumes sole leadership of fixed income at Nomura
Nomura appoints Jai Rajpal as head of fixed income Asia ex-Japan following the resignation of Thomas Siegmund.
By Mei Tuicolo | 3 March 2010
Equities
AviChina raises $147 million from follow-on
The Chinese maker of airplanes and helicopters catches the eye of global investors following a strong share price run over the past 12 months.
By Anette Jönsson | 3 March 2010
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