Thailand Financial News

UTC ACQUIRES… BEIJING - UTC Fire & Security announced Friday that it has entered an agreement to acquire an additional 3.3 per cent share of GST Holdings Limited, which, with regulatory clearance, will bring the company’s total ownership to approximately 29 per cent.

UTC Fire & Security is a United Technologies Corp. business unit. http://www.utcfireandsecurity.com SCHERING-PLOUGH REVISES… HORSHAM - Centocor, Inc. and Schering-Plough Corporation Friday announced they have revised their 1998 distribution agreement regarding the development, commercialization and distribution of both REMICADE (infliximab), an anti-tumor necrosis factor alpha therapy for chronic inflammatory disorders, and golimumab, Centocor’s next-generation, human, anti-TNF alpha therapy, which is currently in Phase 3 trials. http://www.schering-plough.com http://www.jnj.com WHALE STATEMENT… WASHINGTON - The following is a statement from Monica Medina, Director of Whale Conservation of the Pew Environment Group: “We are encouraged that Japan has decided to not kill endangered humpback whales as previously planned.” www.pewwhales.org FRIEDFRANK APPOINTS… HONG KONG - Fried Frank announced Friday that William Yoo has joined the Firm’s Asia practice, resident in Hong Kong. http://www.friedfrank.com FANNIE MAE… WASHINGTON, D.C.: Fannie Mae will redeem the principal amount of MTN securities issues amounting to a total of US$50 million on January 2, 2008 at a redemption price equal to 100 per cent of the principal amount redeemed plus accrued interest. http://www.fanniemae.com FDA OPPORTUNITY… MELBOURNE - Starpharma Holdings Limited, developer of VivaGel vaginal microbicide Friday welcomed a decision by the US FDA this week requiring makers of products containing nonoxynol 9 (N9) to carry a warning that the products do not protect against sexually transmitted diseases, including HIV AIDS and that the use of N-9 products is associated with an increased risk of HIV. www.starpharma.com JOHNSON COMBINES… HONG KONG and CHICAGO - Johnson Stokes & Master, a leading Asian law firm, and Mayer Brown LLP, a leading global law firm, have agreed to combine as of January 28, 2008. REDKNEE ANNOUNCES… TORONTO - Redknee Solutions Inc., a leading provider of innovative infrastructure software that monetizes and personalizes services and content for mobile operators, Friday announced the conditional acquisition of the assets of Argent Networks Ltd., a leading technology and telecommunications billing company, for an initial payment of US$4 million in cash raising to a maximum cash payment of US$8 million if certain revenue related metrics are achieved. http://www.redknee.com CRICKETER COMMENTS… MELBOURNE - Australia’s most successful cricket coach, John Buchanan, and President of CPA Australia, Alex Malley, have got together to discuss how the keys of success in sport translate to business. http://www.cpaaustralia.com.au/links?1017_25099 ULDAGE CALLS… TOKYO - Uldage Inc., a patent license company Friday issued a call for patents that are essential to the Japanese Digital Cable Broadcasting Standards. http://www.uldage.com http://www.ip-adr.gr.jp AsiaNet is a consortium of leading news agencies distributing unedited, translated news releases for worldwide clients. Visit www.asianetnews.net for full-text versions.