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Anta Sports Products, a leading sports company based in China, announced on Tuesday that it plans to acquire a 29.06 percent share in Puma from the Pinault family. The deal, worth 1.5 billion euros (approximately US$1.8 billion), will make Anta the largest…
HSBC, the London-based bank, has successfully secured approval from the shareholders of its subsidiary, Hang Seng, to privatize it. This move signifies HSBC’s intention to acquire the Hong Kong lender, a deal estimated to be worth $14 billion. On January 8,…
Coupang, often referred to as South Korea’s Amazon equivalent, successfully dismissed a lawsuit on Wednesday that alleged the company had defrauded shareholders during and following its 2021 initial public offering (IPO), the most significant IPO by a foreign…
Currently, companies are allowed to conduct their general meetings via alternate non-physical means until June 2021. The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) are open to allowing hybrid or fully virtual…
Tata Group raised its stake in AirAsia India to 51% and injected 5b rupees together with AirAsia Investments to fund the carrier’s international expansion plans, the Economic Times reports, citing two unidentified people familiar with the matter. * Tata Group…
Vietjet Aviation Joint Stock Company (HOSE code: VJC) Board of Directors announced on 8 April its approval to advance the second dividend payment of 2018 at the rate of 10% (receiving VND1,000 per shares). The final registration date is 24 April 2019,…
Shin Kyuk-ho, founder and general chairman of the Korean retailer Lotte, has been removed from his company by shareholders, solidifying the succession of his second son, Shin Dong-bin, and coming closer to ending a family feud that started in 2015. Lotte is…
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