TRIS Rating Assigns New Issue Rating to “TUF” at “A+/Stable”
TRIS Rating Co., Ltd. has assigned the rating of “A+” to the proposed issue of up to Bt4,000 million in senior debentures to Thai Union Frozen Products PLC (TUF). At the same time, TRIS Rating has affirmed the current company and issue ratings of TUF at “A+”.
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Mars, Incorporated Completes Acquisition of Wm. Wrigley Jr. Company
Mars, Incorporated (”Mars”) announced today that it has successfully completed its acquisition of the Wm. Wrigley Jr. Company (”Wrigley”), following approval of the transaction by Wrigley stockholders on September 25, 2008 and receipt of all necessary regulatory approvals.
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Photo Release: The Best Beauty Shop in Pitsanulok
Mr.Varathep Ratanakorn, former Deputy Finance Minister and Mr.Monchai Dechojarassi, aviance’s Business Development Director, a luxury division of Unilever Thai Trading Limited recently presided over the opening of ‘the aviance shop’, the latest shop on aviance premium products and beauty solutions at aviance shop near the curve of Village Chief Chaeu area in Pitsanulok province.
Seen in photo during the ribbon cutting ceremony front row from left are: For more information, please contact
Maxima Consultants Company Tel 02-434-8300, 434-8547
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Splunk and Systex Sign Strategic Partnership with Major Resource Investment to Serve Growing Demand for Splunk in the Asian Market
Agreement Includes Extensive Asian Distribution Coverage, Establishment of Splunk Lab at Systex, Local Support and Education
Splunk, the IT Search company, and Systex (TSE: 6214), a Taiwan-based leading regional IT service provider, today announced a strategic pan-Asia partnership.
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Sun Life Financial announces sale of 37% in CI Financial
Strongly positioned to take advantage of growth opportunities
Sun Life Financial Inc. announced the sale of its 37% interest in CI Financial Income Fund for $2.3? billion to Scotiabank in an all cash, private transaction. Donald A. Stewart, Chief Executive Officer, Sun Life Financial said, “Sun Life is well positioned to take advantage of unprecedented opportunities existing within the global financial services sector today.
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Moody’s reviews TFHC and TIB for possible downgrade
NTD 8 billion in TFHC-issued subdebts affected
Moody’s Investors Service has placed all ratings of Taishin Financial Holding Company (TFHC) and its fully owned subsidiary bank, Taishin International Bank (TIB), on review for possible downgrade. At the same time, Moody’s Taiwan Corporation has placed all national scale ratings (NSR) of TIB and TFHC on review for possible downgrade.
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Nomura to close acquisition of Lehman in Europe and Middle East
Nomura, the pre-eminent Asia-based investment bank, today announced that the conditions to closing the acquisition of Lehman Brothers’ investment banking and equities businesses in Europe and the Middle East had been met. The deal will become legally effective on Monday, 13 October.
The transaction represents a significant step for Nomura in its strategy to accelerate growth across international markets and follows the company’s acquisition of Lehman Brothers’ Asian franchise last week.
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HKMA investigates alleged mis-selling of Lehman products
The Hong Kong Monetary Authority announced today (Monday) that, up to 3 October 2008, it had received 5,567 complaints from retail investors alleging improper selling of investment products by licensed banks. In 4,205 cases, the HKMA had received the initial complaint and assigned a complaint number to facilitate follow-up action.
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China joint venture for F&C and Hua Xia Bank
F&C Asset Management has signed a Memorandum of Understanding with Hua Xia Bank agreeing in principle to form a joint venture fund management company in China. The move is a key milestone in F&C’s strategy of building a presence in Asia following the opening of its first office in the region, in Hong Kong, earlier this year.
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