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TOKYO: Sharp Corp is leaning toward accepting a rescue by government-backed Innovation Network Corp. of Japan over a potentially larger offer from Taiwan’s Foxconn Technology Group, according to two people familiar with the talks.
HONG KONG: SMCP, the KKR & Co-backed owner of French fashion brands Sandro, Maje and Claudie Pierlot, has attracted bids from Lion Capital and Chinese textile producer Shandong Ruyi Group, people with knowledge of the matter said.
KUALA LUMPUR: Tokyo-listed courier and logistics company Yamato Holdings Co Ltd, through unit Yamato Asia Pte Ltd, has emerged as a substantial shareholder of local parcel delivery firm GD Express Carrier Bhd (GDEX) by taking up a 10% stake for RM217.31mil.
KUALA LUMPUR: Malaysia’s blue chips came under selling pressure in afternoon trade on Thursday and pushed the FBM KLCI towards the crucial 1,600 level as Public Bank and Tenaga Nasional fell.
TOKYO: Bank of Japan (BoJ) governor Haruhiko Kuroda said he is not thinking of adopting a negative interest rate policy now, signalling that any further monetary easing will likely take the form of an expansion of its current massive asset-buying programme.
TOKYO: Taiwan's Hon Hai Precision Industry Co has offered 625 billion yen (US$5.3 billion) to buy Sharp Corp and has no plans to replace top management, a gesture aimed at reassuring Japanese authorities worried about an overseas takeover, the Wall Street Journal reported.