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	Wednesday, 10th June 2009

Top Stories

1. Majority shareholder trims stake in Indocement
2. Shanda to buy majority stake in Hurray!
3. Glaxo forms vaccine JV with Chinese firm
4. GM Daewoo in urgent search for cash
5. Changes at Societe Generale in Asia
6. Sponsored Announcements

Equity News
Majority shareholder trims stake in Indocement
Germany's HeidelbergCement raises $300 million and reduces its holding in the Indonesian cement maker to 51%.
By Anette Jönsson

M&A Briefing
Shanda to buy majority stake in Hurray!
China’s largest online gaming company offers $46.2 million for a 51% stake in the digital media provider.
By Daniel Inman

Business Moves
Glaxo forms vaccine JV with Chinese firm
GlaxoSmithKline and Shenzhen Neptunus will create a joint venture to make influenza vaccines for Greater China.
By Sameera Anand

Business Moves
GM Daewoo in urgent search for cash
General Motors' Korean subsidiary tries to reassure KDB, its second largest shareholder, of its good intentions in order to receive a much-needed cash injection.
By Rupert Walker

People Moves
Changes at Societe Generale in Asia
The French bank appoints Frenkenberg and Magnouat to head acquisition and leveraged finance for the region.
By Sameera Anand

Sponsored Announcements

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