Deals

Japan's Aeon to get Malaysian companies up to speed on CSR

TOKYO -- Aeon will help smaller manufacturers in Malaysia better practice corporate social responsibility in 13 areas like labor practices and environmental protection, hoping to boost the quality of output in the country. The Japanese retail gia...

  • Itochu to buy 49% of call center operator Bellsystem24

    TOKYO -- Trading house Itochu will take a 49% stake in Bellsystem24 Holdings, the largest call center operator in Japan, with plans to merge its own data-processing technology with the latter's know-how in analyzing purchasing information. Bellsy...

  • Panasonic, Tesla agree to partnership for US car battery plant

    OSAKA -- Panasonic has reached a basic agreement with Tesla Motors to participate in the Gigafactory, the huge battery plant that the American electric vehicle manufacturer plans to build in the U.S. Tesla aims to begin the first phase of constru...

  • Mazda to end passenger-vehicle partnership with Ford

    TOKYO -- Mazda Motor will dissolve its tie-up in passenger-vehicle production with Ford Motor, taking over the U.S. carmaker's assembly lines at their sole jointly run facility, located in Thailand. The two automakers currently each own productio...

  • Shenyin & Wanguo to buy Hongyuan in Chinese brokerage tie-up

    HONG KONG -- Shenyin & Wanguo Securities will purchase Hongyuan Securities through a share swap, creating China's fifth-largest brokerage by assets. The bid for greater scale comes amid a prolonged slump for mainland stock markets. In a deal va...

  • Itochu aims at quick gains through 'asymmetrical' tie-up with CP Group

    TOKYO -- Major Japanese trading house Itochu's recent capital and business tie-up with Thai conglomerate Charoen Pokphand Group might be called an "asymmetrical" alliance. The Japanese firm announced on July 24 that it would take a stake in a CP ...

  • Property developers weigh bids for Osaka airports

    OSAKA -- Some of Japan's biggest real estate developers are considering paying at least 2.2 trillion yen ($24.3 billion) for the right to operate the two main Osaka-area airports, while a host of other foreign and domestic players are eyeing the deal...

  • Itochu tying up with top Thai conglomerate

    TOKYO -- Itochu has agreed to an unprecedented capital and business tie-up with Charoen Pokphand Group, one of Thailand's largest conglomerates, as the Japanese company seeks a stronger foothold in Asian markets. The trading house will pay 6.6 bi...

  • Panasonic, Hokuriku Electric to help cut power use in Mexico

    TOKYO -- Japan's Hokuriku Electric and Panasonic will launch an energy-saving initiative in Mexico, leveraging a bilateral arrangement that enables Japan to earn CO2 emission credits in exchange for providing environmental technology. Hokuriku El...

  • Thailand's Charoen Pokphand and Japan's Itochu form strategic alliance

    BANGKOK -- Thailand's giant business conglomerate Charoen Pokphand (CP) Group has entered into a cross-shareholding deal with Itochu Corporation, a major Japanese trading house. CP is taking a 4.9% stake in Itochu for 102 billion yen ($1 billion)...

  • Thailand's CP Group to inject up to $1B in Itochu

    TOKYO -- Charoen Pokphand Group intends to inject roughly 80 billion yen to 100 billion yen ($780 million to $975 million) into Itochu. Thailand's largest conglomerate is expected to acquire up to slightly less than 5% of the Japanese trading ho...

  • Chinese toymaker enters smartphone game market as exports fall

    GUANGZHOU, China -- Chinese toymaker Guangdong Qunxing Toys will acquire a smartphone game developer to diversify its operations, as tighter regulations abroad hurt toy exports. Qunxing will invest 1.44 billion yuan ($232 million) to buy all shar...

  • Kinden, Sumitomo to train electrical technicians in Myanmar

    YANGON -- Kansai Electric Power group member Kinden and trading house Sumitomo Corp. have launched a business that will train electrical technicians in Myanmar. Working with AGTI, a leading science and technology educational institution in the So...

  • Mitsubishi creates platform for small-lot infrastructure investment

    TOKYO -- Trading house Mitsubishi will partner with a U.S. private equity firm that specializes in infrastructure-related investment, aiming to attract a combined 10 billion yen ($97.5 million) from small-lot investors in Japan. Mitsubishi will s...

  • Development Bank of Japan to tie up with Thai conglomerate

    TOKYO -- The Development Bank of Japan and Thailand's Charoen Pokphand Group plan to pitch in equally to launch a 40 billion yen ($391 million) fund to help Japanese corporations make inroads into Asian markets. CP Group, which was founded by Chi...

  • Panasonic to sell mobile base station business to Nokia

    OSAKA -- Panasonic has apparently reached a basic agreement to sell its cellphone base station business to Finland's Nokia. The Japanese electronics maker, which has been streamlining, wants to further free itself to focus on growth fields. Among...

  • Forbes to sell majority stake to group of international investors

    NEW YORK (Dow Jones) -- The Forbes family is giving up control of the business magazine which bears its name, striking a deal to sell a majority stake in Forbes Media LLC to a Hong Kong investor group for more than $300 million, according to people f...

  • Temasek looks west as China investment cools

    SINGAPORE -- Slowing growth in its investment performance in emerging markets -- especially China -- is spurring Singaporean sovereign wealth fund Temasek Holdings to pump more money into the developed markets of North America and Europe, where it ho...

  • Fujitsu to wind down chip production

    TOKYO -- Fujitsu has decided to withdraw from semiconductor manufacturing and will sell two fabrication facilities over the next several years to Taiwanese and U.S. companies. The move is the latest in a series of realignments reshaping the Japan...

  • GE is seeking buyers for appliance unit, sources say

    NEW YORK (Dow Jones) -- After more than 100 years in American kitchens, General Electric Co. is trying to get out--again. GE executives have stepped up efforts to find a buyer for its appliance business, one of GE's final ties to American consume...