Deals

Preparing for overseas growth

SoftBank plans merger of 4 domestic telecom units

TOKYO -- SoftBank said Friday it will merge four telecommunications subsidiaries in Japan on April 1, apparently to solidify its stable domestic business so that it can concentrate on expanding abroad. Mobile carrier SoftBank Mobile will absorb m...

  • Shifting away from China

    Hong Kong's Cheung Kong in talks to buy UK mobile carrier O2

    HONG KONG/LONDON -- Hutchison Whampoa, the core unit of Hong Kong conglomerate Cheung Kong, has entered into exclusive negotiations to acquire major British mobile carrier O2. Hutchison will pay up to 10.25 billion pounds ($15.5 billion) to Spani...

  • Refocusing overseas

    Haseko plans condo building in Vietnam

    TOKYO -- Real estate developer Haseko will develop a condominium building in Vietnam in collaboration with local giant Him Lam Group. The two have set up a joint venture, with Haseko holding a 95% stake. This marks the first overseas expansion b...

  • Machine-tool takeover

    Japan's DMG Mori Seiki to acquire German partner

    NAGOYA -- Major Japanese machine tool maker DMG Mori Seiki Co. said Thursday it will carry out a takeover bid to acquire its German partner. The Japanese company currently owns 24.3% of DMG Mori Seiki AG, formerly called Gildemeister. The Japanes...

  • Finding new fields

    Wanda buys into top Spanish soccer team

    DALIAN, China -- Leading Chinese property developer Dalian Wanda Group has acquired a 20% stake in Spanish soccer club Atletico Madrid for 45 million euros ($52.3 million) in a move expected to raise the company's international profile. The deal,...

  • CP-Itochu-Citic alliance

    Thai giant eyes China's middle class with new investment deal

    TOKYO -- Thai conglomerate Charoen Pokphand Group seeks to win over the growing Chinese middle class through its investment in Citic, an arm of China's largest state-owned conglomerate, under the three-way agreement with Itochu announced Tuesday. ...

  • Three-way deal

    Itochu, CP, Citic to jointly cultivate Chinese market

    TOKYO -- Japanese trading house Itochu announced plans Tuesday to partner with Thai giant Charoen Pokphand Group in jointly investing 1.2 trillion yen ($10.1 billion) in China's Citic to carve further inroads into the country's massive market. Us...

  • Eyeing Asia, Middle East

    Mitsubishi Rayon, Nitto Denko join hands in water treatment

    TOKYO -- Japan's Mitsubishi Rayon and Nitto Denko will work together to cultivate overseas markets for their water treatment businesses. The Mitsubishi Chemical Holdings unit and the industrial tape maker have formed a strategic partnership to sh...

  • Rail acquisition

    Cheung Kong to buy UK's Eversholt Rail

    HONG KONG -- Hong Kong conglomerate Cheung Kong Holdings on Tuesday announced that it will acquire British rail car leasing company Eversholt Rail for 2.5 billion pounds ($3.79 billion). A 50-50 joint venture will be set up between the parent com...

  • Itochu-CP investment

    Upcoming Citic deal part of China's reform drive

    BEIJING -- China's Citic Group has agreed to take in capital from Japanese trading house Itochu and Thai conglomerate Charoen Pokphand Group largely to advance Chinese President Xi Jinping's goal of reforming state-owned enterprises. The deal cou...

  • Boosting partnerships

    Itochu, CP to jointly invest 1 trillion yen in China's Citic Group

    TOKYO -- Japanese trading house Itochu and Thai giant Charoen Pokphand Group are ironing out the final details of investing just over 1 trillion yen ($8.45 billion) in a Chinese conglomerate to create new avenues for their food and resource businesse...

  • Maritime equipment

    GE wins order for ship electric propulsion systems from Kawasaki Heavy

    TOKYO -- General Electric is entering the Japanese maritime equipment market after snagging an order for electronic propulsion systems from Kawasaki Heavy Industries, which is building two liquefied natural gas carriers. Japanese shipbuilding is...

  • Growing industry presence

    Mitsubishi buys waterworks operations in Australia, New Zealand

    TOKYO -- Mitsubishi Corp. has acquired rights to water-related businesses in southern Australia and New Zealand from an Australian company, the latest in a series of investments in this field. Australian subsidiary Trility has taken over manageme...

  • Ready to spend

    Kyocera chief says big acquisitions in sight

    OSAKA -- Kyocera will consider large-scale acquisitions to speed up expansion, tapping its abundant cash reserves, President Goro Yamaguchi told The Nikkei recently. The Kyoto-based provider of industrial components may spend 100 billion yen ($85...

  • Increasing convenience

    Rakuten, Japan Post to offer delivery lockers

    TOKYO -- E-commerce giant Rakuten will work with the Japan Post group to install delivery lockers where customers can pick up orders at their own convenience. Japan Post will initially set up lockers for its Yu-Pack delivery service at 30 locatio...

  • Eyeing Muslim markets

    Four more banks piling into Japan's first halal fund

    TOKYO -- Four Japanese regional banks will join others in investing in the country's first halal fund, hoping to help their customers such as local food makers increase exports to Islamic markets as well as better accommodate Muslim visitors to Japan...

  • CIMB deal hits dead end

    Merger of three Malaysian lenders called off, local media says

    KUALA LUMPUR -- The proposed merger of three Malaysian lenders will not go through, local newspaper The Financial Daily reported Tuesday. An official announcement is expected this week. Leading lender CIMB Group Holdings announced last July that ...

  • Cross-strait ties

    MediaTek eyes Internet of Things partnership with Xiaomi

    SILICON VALLEY/TAIPEI -- MediaTek will join hands with Chinese smartphone manufacturer Xiaomi in promoting the next big trend in consumer electronics: the Internet of Things, according to the Taiwanese chipmaker's president. Xiaomi became the wor...

  • Chinese tie-up

    Midea deepening ties with online mall operator JD.com

    GUANGZHOU, China -- Appliance manufacturer Midea said Wednesday that it will strengthen its partnership with second-ranked virtual mall operator JD.com. The Chinese companies will work to strengthen sales in the field of smart homes and also broa...

  • Hear my train a comin'

    Hitachi begins shipping rail cars to UK

    TOKYO -- Hitachi has begun shipment of rolling stock for a major high-speed rail project in the U.K., the Japanese company said Wednesday. A five-car train manufactured at the company's production facility in Yamaguchi Prefecture will be loaded o...