Bank of China selling a 20% stake in a power company, Huaneng International Power Development Corp., U$1.3 bn. 30 years after it became a founding shareholder.
SEA's airlines are finally making money. AirAsia made U$220 mn in profits; Singapore Airlines made U$203 mn (first 3 quarters).
The Business Times:
Better outlook for region's carriers
Li Hejun, the founder of Hanergy Thin Film sold a 6% stake in the company at a 95% discount to the last traded price.
Hanergy Thin Film founder sells 6% stake
Singapore Airlines extended the deadline for Tiger takeover offer. SIA's stake projected at 74.5%; they need 90%.
The Business Times:
SIA still short of Tiger takeover threshold
The Economic Times / India Times:
2015: Best year for IPOs since 2010; Dr Lal surges 50%, Alkem gains 31% on street debut
Asia-Pacific M&A totaled $1.2 tn this year (Chinese firms spent $102 bn). China, Hong Kong and Australia were 3 most active M&A markets.
China 2016 - are plans to rebalance the economy and continue with financial liberalisation are working?
China overshadows global outlook for 2016
HK pips New York as world's biggest IPO capital
Helping Noble Group receive U$4bn - the divestment of Noble Agri and the merger of Gloucester Coal with Yancoal.
Shares on the #MSCI #Singapore Index trade at 1.1 times the value of its companies’ net assets, compared with a multiple of 2 on a measure of global equities.
BoJ announced it would buy government bonds with longer maturities and buy an extra Y300bn a year in equities. The size of the extra stimulus seems modest.
Nikkei 225 sinks 1.9% after BoJ tweaks policy
Capital outflows from Taiwan? Taiwan's central bank cut interest rates to 1.625% in an unexpected move.
RBI Governor Rajan has ordered banks to clean up their balance sheets from bad debts by 2017. This may spur M&A wave.
The Straits Times:
The year's first mainboard IPO launched.
Malaysian Airlines made a deal with Emirates that covers more than 90 locations in the U.S., Europe, the Middle East and Africa.
is my attempt to share (via this website as well as twitter) relevant finance stories from Asia that I find interesting (on a daily basis).