China’s Ping An Insurance Group defended its call to spin off HSBC‘s Asia business, saying it cared about investment returns from its large stake in Europe’s biggest bank but was not an activist investor. “It is a significant investment and we’ve invested in it for seven years,” Jessica Tan, Ping An’s co–CEO, told Reuters on Wednesday, when asked about the drivers behind the insurer urging HSBC to consider a spin–off. Ping An is HSBC‘s largest… Continue reading Ping An defends HSBC spin-off call but says it is not an activist investor
Tag: M and A
German Manager Magazin: ZF Friedrichshafen: Automotive supplier wants to sell divisions such as the people mover001984
The People Mover is one of the series of prestige automotive projects that are announced with a lot of fanfare, but then it gets quieter and quieter. Volkswagen’s one-liter car XL1 is one of them, Daimler’s fuel cell B-Class and certainly also the electric transporter Streetscooter of Deutsche Post, which has since been sold. ZF… Continue reading German Manager Magazin: ZF Friedrichshafen: Automotive supplier wants to sell divisions such as the people mover001984
[News Zoom-In] Three K-battery companies collide with overseas investment… The key is to securing Europe-North America orders
The total investment of the three domestic companies is expected to reach KRW 30 trillion, a ‘largest in history’… Focus on EVEstablishing partnerships through joint ventures… Be busy with diffe <Samsung SDI Giheung Plant> <LG Energy Solution Ochang Plant> A fierce investment competition was foreseen this year among the three domestic battery companies as Samsung… Continue reading [News Zoom-In] Three K-battery companies collide with overseas investment… The key is to securing Europe-North America orders
German Handelsblatt: Automaker: Plan worth billions: VW wants to take a stake in raw material mines in Canada005027
Miners in Canada Volkswagen wants to control the supply of raw materials for its battery cell production. (Photo: Bloomberg/Getty Images) In view of the impending bottlenecks in important raw materials for battery production, Volkswagen wants to focus more on Canada. The carmaker and the Canadian government signed a declaration of intent to expand electromobility on… Continue reading German Handelsblatt: Automaker: Plan worth billions: VW wants to take a stake in raw material mines in Canada005027
IBS Software partners with Brunei Shell Petroleum Co. to transform end-to-end people supply chain and reduce logistics emissions
BANDAR SERI BEGAWAN, Brunei, Aug. 24, 2022 /PRNewswire/ — Brunei Shell Petroleum (BSP) has announced a partnership with IBS Software to deploy the full suite of IBS’ next generation cloud-based personnel logistics and accommodation technology platform – iLogistics. This partnership will enable BSP to transform end-to-end people logistics operations of close to 35,000 monthly passenger movements… Continue reading IBS Software partners with Brunei Shell Petroleum Co. to transform end-to-end people supply chain and reduce logistics emissions
Thai animal feed and food firm Betagro looks to raise $554m IPO: reportThe company will offer up to 25% stake.
Thai integrated food producer Betagro is said to be planning a 20 billion baht ($554 million) IPO, which could be Thailand’s second largest public listing this year, Bloomberg reported on Tuesday. The report added that Betagro could launch the IPO as early as next month. The company will offer no more than 500 million of… Continue reading Thai animal feed and food firm Betagro looks to raise $554m IPO: reportThe company will offer up to 25% stake.
China Digest: Yonghui Fresh Food eyes $1.5b valuation; CloudView nets $100m
Yonghui Fresh Food, the grocery supply affiliate of one of China’s biggest retailers Yonghui Superstores, is reportedly looking to raise about $200 million. Separately, CloudView, a global internet browser developer backed by Chinese investors, has raised almost $100 million. Yonghui Fresh Food eyes $1.5b valuation in pre-IPO round: report Yonghui Fresh Food, the grocery supply… Continue reading China Digest: Yonghui Fresh Food eyes $1.5b valuation; CloudView nets $100m
The AP Interview: GM’s Barra stands by ambitious EV pledge – The Independent
The economy is a bit wobbly, but General Motors CEO Mary Barra isn’t backing off of an audacious prediction: By the middle of this decade, her company will sell more electric vehicles in the U.S. than Tesla, the global sales leader. To fulfill that pledge in as little as 2 1/2 years, she faces some… Continue reading The AP Interview: GM’s Barra stands by ambitious EV pledge – The Independent
Businesses have a hard time finding skilled manpower
Representative Image A large logistics and grocery delivery company based out of Bengaluru was planning to hire about 3,000 warehouse and supply chain professionals in August. So far, it has managed to recruit only 2,000 and isn’t sure if it could meet the target. “Companies have a target to meet and lack of manpower can… Continue reading Businesses have a hard time finding skilled manpower
Nippon Express (Middle East) Obtains ISO 45001:2018 Certification for Occupational Health and Safety Management Systems
TOKYO, Aug. 24, 2022 /PRNewswire/ — Nippon Express (Middle East) L.L.C. (hereinafter “NX Middle East”), a group company of NIPPON EXPRESS HOLDINGS, INC., has obtained ISO 45001:2018 certification for its occupational health and safety management systems, effective June 29. Logo: https://kyodonewsprwire.jp/img/202208225337-O1-Riz6Hi3E The Nippon Express Group is endeavoring to obtain ISO certification out of commitment to maintaining… Continue reading Nippon Express (Middle East) Obtains ISO 45001:2018 Certification for Occupational Health and Safety Management Systems