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SHANGHAI: The Industrial and Commercial Bank of China says it plans to buy a stake in Thailand's ACL Bank, and to make a tender offer to other shareholders.
HONG KONG: A large shareholder in Parkson Retail Group Ltd, which runs a network of department stores in China, was selling about HK$85mil worth of shares in the company at a discount of 2% to 5% to its closing price yesterday, according to a term sheet.
KUALA LUMPUR: Kumpulan Jetson Bhd is making its foray into the Chinese market with the development of an integrated car parts industry park with a gross development cost of RM174.4mil following its acquisition of China-based Asian Corp Ltd (ACL) for RM11mil,