Tag: sells

Cathay Pacific said it will sell a 12.45% stake in Hong Kong Aircraft Engineering Company to Swire Pacific. Prime Minister Thaksin cashes in the family jewels with $1.85 billion sale. After its exit from SK Corp, the fund surprises market with full Korean withdrawal. Government raises $274 million from the sale of its 10.5% stake in Bank Danamon. Car manufacturer divests stake at all time high. Telecom equipment manufacturer hopes to become the first outstanding A share company to list in Hong Kong, raising $350 million to $450 million. Disposal of 60% stake in Gecis will earn $500 million. Investors desperate for quality Indian paper ensure stiff pricing for billion-dollar NTPC offer. India''s biggest privately owned bank raises $300 million despite holidays. Indonesia''s great bank sell off draws towards a close. The global oil firm makes a 189% return from its three-and-a-half year investment in the Chinese oil major. The top Korean chaebol has sold control of the Incheon Expressway for $314 million. CVC Asia Pacific and JP Morgan Partners Asia buy the telephone directory business from Singapore Telecom. Singapore''s promised divestment process stays on track with the sale of CPG Corporation to Australia''s Downer EDI. Hyundai Merchant Marine executes second major disposal of the year. Merrill Lynch has decided to sell its Philippine brokerage after local management offered to buy it. JPMorgan is close to completing one of the year''s more challenging M&A transactions. Indocoal fetched $45.5 million when the Indonesian government awarded the bid to another local mining company. The Indonesian Bank Restructuring Agency and Holdiko, a holding company it created to dispose of the Salim companies, sold their stake in Salim-connect, Hong Kong-based First ... Indonesian bank restructuring agency makes final decision on Indomart.