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The Indonesian Bank Restructuring Agency (IBRA) has announced plans to sell three Salim Group subsidiaries through initial public offerings (IPO) by the end of this year.

Market leader China Telecom is negotiating to acquire seven mobile telephone networks from its parent, as domestic competition heats up and foreign operators prepare to enter after China''s WTO debut.

Two Hyundai units have been forced to obtain additional overdraft facilities in order to meet bond repayments as mutual fund redemptions show little sign of slowing in South Korea.