Asia Pacific

Headlines

X-ELIO closes the financing process for two new photovoltaic plants in Japan

The group achieves the necessary funds for the start-up of two new solar parks in Japan: Tsurusu and Shiroishi.Both PV power stations will be located at Miyagi Prefecture. Tsurusu Park will have a capacity of 38 MW and Shiroishi will reach 28 MW.The plants are expected to start producing energy in the second half of 2018.With both parks, the X-ELIO...

Hindalco raises ₹3,350 crore via QIP

Hindalco Industries, an Aditya Birla group company, has raised ₹3,350 crore through issue of shares under qualified institutional placement, largely to pay back high-cost debt and invest in value-added aluminium and copper products. The capital-raising committee of the company’s board met here on Thursday and approved the proposal to allot 17.68...

Survey by MVision and London Business School reveals private equity’s attitudes to Chinese outbound acquisitions

Chinese money to heat up M&A in next 12 months Report released by MVision Private Equity Advisers and the London Business School reveals private equity’s attitudes to Chinese outbound acquisitionsPrivate equity firms expect to face more competition from Chinese buyers over the next 12 months across multiple sectors, with healthcare expected to see...

Strong year forecast for Asia Pacific M&A

Optimism is high for M&A in Asia Pacific following a solid 2016, Herbert Smith Freehills says.“2016 presented Asia Pacific’s dealmakers with a range of challenges including low commodity prices, volatile capital markets in some parts of Asia, a new US administration, along with the global shock of Brexit," commented Andrew Pike, Herbert Smith Freehills’...

​ChinaSavvy lands prestigious USD 1.3 million engineering contract to supply components for high-tech storage systems

Christopher Devereux, the Managing Director of ChinaSavvy today announced the company’s receipt of a USD 1.3 million order to supply components for high-tech robotic storage systems by Hamilton Storage, a global company with headquarters in Massachusetts, United States.ChinaSavvy is a British owned and managed engineering and manufacturing company...

Finance

A “blasphemy killing” at a university shocks Pakistan

IN THE room of Mashal Khan, a student at Abdul Wali Khan University in Mardan, a dusty town in north-west Pakistan, the late occupant’s handwriting is on almost every surface. Some of his scribblings in felt-tip pen are banal (“You beauty”) or crude (“Get your burger-flipping ass outta here”). But many hint at an idealistic and fiercely...

A new bill reveals the Japanese government’s authoritarian streak

FOR several weeks Japan’s Diet has been debating a law that would punish people who plan to commit crimes. The government says the conspiracy bill will protect the nation from terrorism. In a country where crime has fallen to a record low (a single fatal shooting was recorded for the whole of 2015) and where the last big terrorist attack was...

Vietnam uses an old naval base to make new friends

Diplomacy by other means NEAR the point where Vietnam bulges deepest into the South China Sea lies Cam Ranh Bay, perhaps the finest natural deepwater harbour in South-East Asia. France based a fleet there in colonial times. Russian ships made use of it in the Russo-Japanese war, Japanese ones during the second world war and American ones during...

What the trials of migratory birds say about Asia’s development

KATHERINE LEUNG was hunting for birds—black-tailed godwits to be precise. Armed with a wide net, she stood at dusk amid the Mai Po Marshes, a wide expanse of mudflats, mangroves and shrimp ponds on Hong Kong’s border with mainland China, trying to nab a couple of birds as they came to roost after feeding. In her pocket were two tiny and expensive...

A tense election threatens Indonesia’s religious tolerance

How would God vote? THE mood in Jakarta was jittery in the days leading up to its gubernatorial election on April 19th. Around 64,000 police, soldiers and other security personnel were deployed to keep the peace. At least one policeman guarded every one of the 13,000-odd polling stations. Islamist agitators implied the incumbent governor, Basuki...

Legal

Huawei legal challenge against validity of Unwired Planet patent dismissed by London court

The Court of Appeal in London dismissed Huawei's appeal against an earlier judgment by the High Court in a case that concerned a patent relating to 3G wireless communications technology incorporated into many smartphones. Unwired Planet acquired the patent from Ericsson.Huawei challenged whether some of the claims of the patent lacked the inventive...

BREXIT: UK confirms continuing financial support for EU students in 2018/19

The commitment applies to students on undergraduate, master’s, postgraduate and advanced learner courses that attract student support, and includes access to student loans and grants. EU students will also continue to benefit from ‘home fee’ status, capping their tuition fees at the same level as UK students, according to the announcement. International...

UK insurance linked securities framework delayed until after election

A “source close to the process” confirmed the delay to reinsurance news service Artemis. A government consultation on draft regulations closed in January, and a final version was due to be published around Easter, according to Artemis.A general election will take place on 8 June, meaning that a new government will not be able to consider the regulations...

Australia and China agree cybersecurity cooperation plan

The agreement follows a cybersecurity discussion between Australian prime minister Malcolm Turnbull and Chinese premier Ki Keqiang, Turnbull's office said in a statement.Neither country will conduct or support cyber-enabled theft of IP, trade secrets or confidential business information with the intent of gaining a competitive advantage. This follows...

Hong Kong to improve data protection regulations after hacks

Ideas, techniques and know-how can lie at the heart of a business. Pinsent Masons' international intellectual property team is dedicated to helping you to protect those intangible valuables that help you to stand out from your competitors. More about Confidential InformationLet's block ads! (Why?)Read More

Deals

Chinese capital constraints send shock through global M&A

Outbound deals hit lowest level since 2014 after cash clampdown For months, Chinese conglomerate Fujian Thai Hot has been on the cusp of completing a $1.4bn buyout of a Hong Kong-based life insurer.There has been just one problem: the cash needed to pay for the deal has been stuck inside China, awaiting a final regulatory sign-off from the country’s...

Inox Renewables to sell wind power assets to Leap Green Energy

Leap Green Energy said the acquisition will help it increase its operating capacity to 762MW across four states Inox Group has decided to exit the wind farm business to focus on its core businesses, including that of wind turbine manufacturing. Mumbai: Renewable energy firm Inox Renewables Ltd on Tuesday said it has agreed to sell its operating wind...

Asia-Pacific financial sector M&A declines amid uncertainty

Volume falls 38% amid global turmoil; China, South Korea post growthThe number of mergers and acquisitions involving financial companies in the Asia-Pacific region dropped 10% in 2016 from the previous year amid increased global uncertainty, according to Deloitte Tohmatsu Financial Advisory.The business of buying and selling companies was negatively...

​Advent International acquires significant minority stake in ASK Group, a leading investment and wealth manager in India

Partnership to focus on accelerating ASK’s growth by strengthening its team, launching new products and expanding internationally.Advent International, one of the largest and most experienced global private equity investors, today announced that it has acquired a significant minority ownership interest in ASK Group (“ASK”), a leading investment...

Chinese government money backs buyout firm’s deal for U.S. chip maker

Canyon Bridge Capital Partners, a buyout fund that agreed to acquire U.S.-based chip maker Lattice Semiconductor Corp for $1.3 billion earlier this month, is funded partly by cash originating from China's central government and also has indirect links to its space program, Chinese corporate filings show.Reuters, in a review of about a dozen filings...

Acq Lite

Lena Dunham, Jenni Konner announce Lenny Letter tour

April 25 (UPI) --Lena Dunham and Jenni Konner announced plans Tuesday for a Lenny Letter tour.The Girls showrunners will bring their weekly Lenny Letter newsletter to life on a six-date tour beginning in May, Dunham confirmed on Twitter."So thrilled to share we're taking @lennyletter on the road!" she tweeted to her 5.4 million followers.The Lenny:...

'Titans,' 'Young Justice' Season 3 to debut on DC Comics streaming service

April 25 (UPI) -- Warner Bros. has announced a new DC Comics branded streaming service that will debut new live-action series Titans and Season 3 of animated series Young Justice."Both fan-driven series are in early stages of production and will air exclusively on a DC-branded direct-to-consumer digital service in 2018," Warner Bros. said in a statement...

Broadway star Leslie Odom Jr. welcomes first child

April 25 (UPI) -- Broadway star Leslie Odom, Jr., is a first-time dad.The 35-year-old actor announced in an Instagram post Tuesday that wife Nicolette Robinson gave birth to daughter Lucille Ruby on April 23."Lucille Ruby arrived in the wee hours of Sunday morning after a brief but harrowing labor on the part of her incredible mother, Nicolette Kloe...

Thor, Chun-Li team up in 'Marvel vs. Capcom: Infinite' game trailer

April 25 (UPI) -- Heroes from Marvel Comics and video game company Capcom join forces in a new cinematic trailer for upcoming fighting game crossover, Marvel vs. Capcom: Infinite.The clip, released Tuesday, introduces the title's new pair of villains, Ultron of Avengers fame and Sigma from Mega Man X who fuse together to become a more powerful being.After...

Jenna Dewan spills on her first night with Channing Tatum

April 25 (UPI) --Jenna Dewan is spilling new details about her first night with husband Channing Tatum.The 36-year-old actress recalled on Tuesday's episode of The Ellen DeGeneres Show how Tatum won her over while wearing underwear, a sombrero and Ugg boots."We met on Step Up," Dewan confirmed. "I did the whole [thing] ... where you're like, 'Look....