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Showa unveils US$8.8bil deal for Hitachi Chemical

TOKYO: Showa Denko K.K., Japan’s No. 3 diversified chemicals supplier, agreed to pay more than double its own market value to buy its bigger rival Hitachi Chemical Co, a deal that would expand its car battery and high-function materials business.

Report: Malaysia asking Japanese banks for Samurai bond proposals

KUALA LUMPUR: Malaysia has asked banks to submit pitches to help with a potential Samurai bond sale, less than a year after selling its first yen-denominated debt in three decades, according to people with knowledge of the matter.