Asia Pacific

Headlines

Japanese firms step up overseas M&A

Number of deals hits record in first half as smaller companies get into the game With SoftBank CEO Masayoshi Son taking the lead, Japanese companies have been engaging in mergers and acquisitions at record levels. Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest...

Investcorp adds Deepak Parekh to International Advisory Board

Investcorp, a global provider and manager of alternative investment products, today announced that Deepak Parekh, Chairman of HDFC Limited, Indian’s leading Financial Services conglomerate, has been appointment to Investcorp’s International Advisory Board. Mr Parekh has played a significant role in the development of the financial sector...

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

NIO unveils production vehicle for China Market

NIO unveiled new production vehicle, the NIO ES8, a 7-seater high-performance electric SUV for the China market - NIO ES8’s official launch will take place at the end of this year, with deliveries expected to begin next year - NIO to begin taking pre-orders of its flagship supercar, the NIO EP9, priced at 1.48 million USD - 11 Cars: NIO showcased...

Legal

China updates New Industry Catalogue

PRC reduces regulatory procedures for foreign investments following its 2016 reforms. China creates a nationally applicable “negative list” for foreign investment, which opens up more industries for multi-national companies.Foreign Investments Filing Administrative Rules will be updated and published soon by the Ministry of Commerce to clarify...

Proposals to make free movement of data a principle of EU law expected this autumn

Ansip said proposed new EU legislation to tackle unnecessary restrictions on where data can be stored are likely to be published this autumn.The proposals will also look to make it easier for businesses to move their data between rival cloud providers and ensure that public sector bodies can access data held by authorities in another EU country to help...

New advertising standards in the UK to take tougher stance on gender stereotypes

The new standards will be drawn up by the Committee of Advertising Practice (CAP), according to a new report on gender stereotypes in advertising (64-page / 5.4MB PDF) published by the Advertising Standards Authority (ASA), the watchdog that oversees compliance with UK advertising rules.The CAP will also look to "clarify standards that reflect the ASA‘s...

BREXIT: Scottish government calls for protection of devolved powers

Minister for negotiations on Scotland’s place in Europe Michael Russell wrote to all MSPs asking them for full backing of the Scottish government's position. The move comes after the UK government published the European Union (Withdrawal) Bill on Thursday last week.Russell said the Scottish government had “serious concerns about the bill in a number...

UK government urged to avoid data transfers 'cliff edge' at point of Brexit

In a new report, a House of Lords committee warned that trade and security could be impacted if the flow of data is disrupted at the point of Brexit.To enable data to flow between the UK and EU post-Brexit, the EU Home Affairs Sub-Committee urged the UK government to seek a so-called 'adequacy' decision from the European Commission, which would recognise...

Deals

RaySpec, a leading manufacturer of innovative detectors for X-rays has been acquired by Japanese Polatechno, Co. Ltd

Livingstone’s Industrial sector team has advised Baird Capital and the shareholders of its portfolio company RaySpec, a leading manufacturer of innovative detectors for X-rays, on its acquisition by Japanese Polatechno, Co. Ltd.  Headquartered in High Wycombe, UK, RaySpec (previously known as SGX Sensortech) is a leading supplier of high...

Antitrust, security reviews are changing Asia M&A

Asian buyers will have to better manage their transaction risks on M&A, as regulators increase their focus on security reviews. In the week that US Congress unveiled legislation to expand the power ofthe Committee on Foreign Investment in the United States...

Southeast Asia M&A surges to $53.5b in Jan-Sept 2017, led by transport sector

Southeast Asia saw mergers and acquisitions worth $53.5 billion across 290 deals in the first three quarters of this year, a strong performance outdone only by the Q1 to Q3 performance in 2013. According to Mergermarket data, Q3 alone saw 97 M&A deals worth $26.7 billion in the region, up 81.8 per cent from the same period in 2016. Three...

Asia bucks trend: Global M&A deal value slips in July-Sept

The value of mergers and acquisitions globally dropped slightly in the third quarter of 2017, as big deals worth more than $10 billion were scarce given uncertainty about economic policy in the U.S. and Europe in particular, leaving dealmakers to feast on a plethora of smaller transactions. Even as major stock markets continued to climb higher, big...

Gangtai Group completes the acquisition of Buccellati, announces €200 investments

Gangtai Group: the acquisition of 85% stake in Buccellati has been completedThe transaction aims at reinforcing Buccellati’s international presence with an investment plan of €200 million, while maintaining the brand’s historical excellence and traditionThe plan will fund the opening of 88 new monobrand stores and significant production and...

Acq Lite

'Black Panther' tops North American box office with $192M

Feb. 18 (UPI) -- The Chadwick Boseman-Michael B. Jordan superhero picture Black Panther is the No. 1 movie in North America this weekend, earning $192 million in receipts, BoxOfficeMojo.com announced Sunday.Coming in at No. 2 is Peter Rabbit with $17.3 million, followed by Fifty Shades Freed at No. 3 with $16.9 million, Jumanji: Welcome to the Jungle...

Famous birthdays for Feb. 18: John Travolta, Yoko Ono

Feb. 18 (UPI) -- Those born on this date are under the sign of Aquarius.They include:-- Britain's Queen Mary I in 1516-- Austrian physicist Ernst Mach in 1838-- Stained glass artist Louis Comfort Tiffany in 1848-- Italian automaker Enzo Ferrari in 1898-- Actor Jack Palance in 1919 UPI File Photo -- Actor George Kennedy in 1925-- Author...

'Descendants 3' is in the works, says Disney

Feb. 17 (UPI) --Disney has announced it is working on a third Descendants TV movie.The company released a 30-second teaser for the live-action project Friday, announcing the film would air in the summer of 2019.The franchise is about the young-adult offspring of Disney's most famous villains.This week's clip showed Dove Cameron's character Mal walking...

Joel McHale: New Netflix show will 'make fun of everything'

Feb. 17 (UPI) -- Joel McHale says his new weekly, topical program for Netflix is "definitely a clip show, but it's going to be a lot more than that."The Joel McHale Show with Joel McHale is to begin streaming at midnight Sunday."We're going to take television and the Internet from around the world and we're going to make fun of Netflix -- our employers...

Regina Hall, Paul Scheer to co-star in Showtime's 'Ball Street' pilot

Feb. 17 (UPI) -- Regina Hall, Casey Wilson, Paul Scheer, Kurt Braunohler and Eugene Cordero have joined the cast of Showtime's half-hour comedy pilot Ball Street.Production began in Los Angeles this week on the first episode for the possible series. Starring Don Cheadle and Andrew Rannells, the pilot is being directed and executive produced by Seth...