LACHLAN MURDOCH PULLS OUT OF CONSOLIDATED MEDIA PRIVATISATION
Sydney (ANTARA News/Asia Pulse) - Media heir Lachlan Murdoch has pulled out of a $A3.3 billion ($US3.04 billion) deal to privatise Consolidated Media Holdings Ltd [ASX:CMJ) (CMH) with friend and fellow tycoon James Packer.
Today's announcement of the withdrawal of Mr Murdoch's private company, Illyria Pty Ltd, was made after CMH shares went into a trading halt.
Mr Murdoch said in a letter to CMH that Illyria was not in a position to proceed with the indicative proposal set out in a letter to CMH on January 21 "due to material changes in the overall transaction terms".
JINDAL DRILLING ACQUIRES 49PCT STAKE IN SINGAPORE FIRM
Mumbai (ANTARA News/Asia Pulse) - Jindal Drilling and Industries (BSE:511034), an arm of the DP Jindal group, on Friday said it had acquired a 49 per cent stake in the Singapore-based Virtue Drilling Pte Ltd.
Jindal Drilling and Industries (JDIL) had acquired the stake from another group company, Jindal Pipes, for Rs 400 million
($US10.02 million) to consolidate its offshore drilling business, the company said in a filing to the Bombay Stock Exchange. Both the firms - Virtue Drilling Pte Ltd and JDIL - would operate as a joint venture entity.
VIETNAM KENEE TO CONSTRUCT TITANIUM CINDER PLANT
Phu Yen, Vietnam (ANTARA News/Asia Pulse) - The Vietnam Kenee Mineral Co. broke ground in the construction of a titanium cinder plant with a total investment capital of 65 billion VND (US$4 million).
Located in Dong Bac Song Cau, in the central province of Phu Yen, the factory hopes to be operational by year end.
The factory plans to produce 5,500 tonnes of titanium cinder and 2,700 tonnes of pig-iron in the first phase. It will expand
this to 20,000 tonnes of titanium cinder and 10,000 tonnes of pig-iron in the second phase.
POSCO TO BUILD TWO PLANTS IN CHILE
Seoul (ANTARA News/Asia Pulse) - The POSCO Engineering & Construction Co., a construction arm of world's No. 4 steelmaker POSCO Co. (KSE:005490), said Monday it had signed two deals worth a combined US$1.3 billion to build two plants in Chile.
The deals, signed with AES Corp. on behalf of global mining company BHP Billiton Ltd. (ASX:BHP), call for POSCO to build a US$870 million coal plant in Antofagasta in the north and US$440 million plant in the western coast city of Ventanas, the South Korean company said.
Construction of the 520-megawatt and 270-megawatt plants, which will begin in June and next month respectively, is scheduled to be completed in the second half of 2011.
NEW SOLAR PANEL FACTORY TO BE BUILT IN VIETNAM
Long An, Vietnam (ANTARA News/Asia Pulse) - Ho Chi Minh City's Red Sun Energy JSC and Energy Conservation Centre will build a solar panel factory worth $US10 million.
The factory, located in the Duc Hoa district in the southern province of Long An, will be built in two phases, with a view to being completed this September.
In line with international standards, the company's solar panels have an estimated lifespan of 20 years and come with a five-year warranty.
ASAHI KASEI TO INVEST IN EQUIPMENT UNDER 5-YEAR PLAN
Tokyo (ANTARA News/Asia Pulse) - The Asahi Kasei Corp. (TSE:3407) has announced a five-year plan spanning fiscal 2011 to fiscal 2015 that calls for spending of roughly 800 billion yen (US$7.822 billion) on plant and equipment.
This would continue the firm's strategy of aggressive investing.
Average yearly spending during the current five-year plan to fiscal 2010 is double the average amount Asahi Kasei spent during the three years to fiscal 2005.
Now a similarly large equipment investment budget has been written into the next five-year plan.
AUSTRALIAN STATE DRAWS UP PLANS FOR $US202MLN SAFARI THEME PARK
Melbourne (ANTARA News/Asia Pulse) - Plans are being drawn up for a $A220 million ($US202.64 million) adventure safari theme park in Melbourne's outer south-west.
The African Safari Park would generate thousands of jobs and more than one million visitors a year, rivalling the giant theme parks on Queensland's Gold Coast, according to its backer Village Roadshow International Theme Parks and an enthusiastic Victorian government.
Victorian Tourism Minister Tim Holding today left no doubt the government supported the proposal. It is expected to generate 6,700 jobs during construction and 500 more to operate it, with the park set to open as early as 2010.
CONSTRUCTION OF FIRST 6-STAR HOTEL STARTS IN VIETNAM
Nha Trang (ANTARA News/Asia Pulse) - The Vinpearl Tourism and Trade Joint-stock Company in late March began the construction of a six-star hotel, the first in Vietnam, in coastal Nha Trang city, central Khanh Hoa province.
Located on Bai Soi, one of the most beautiful beaches of the Hon Tre island, offshore Nha Trang city, the hotel will include two presidential villas with world-class deluxe conveniences, and three super luxury villas.
The hotel, part of a project to build a 80,000 sq.m Vinpearl Land tourism and entertainment complex, is scheduled to be put into operation in January next year.
JAIPRAKASH HYDRO POWER TARGETS 5,000MW CAPACITY BY 2012
New Delhi (ANTARA News/Asia Pulse) - Jaiprakash Hydro-Power Ltd (BSE:532627), a part of the Jaypee Group, said it is targeting setting up hydel power generation capacity of 5,000 megawatts by 2012.
The company would also set up a 2,000-MW hydro project in Arunachal Pradesh at an estimated cost of Rs 250 billion ($US6.25
billion). "We target to have a generation capacity of about 5,000 megawatt by 2012," company's Director In-charge J N Gaur said here.
The company has completed a feasibility study for the 2,000-MW project, consisting of eight units of 250 MW each.
The project is expected to be fully commissioned by 2016.
BANGLADESHI CO TO SET UP GARMENTS FACTORY IN ADAMJEE EPZ
Dhaka (ANTARA News/Asia Pulse) - A local company named Shore to Shore Textile Limited will set up a knitted composite textile and garments accessories manufacturing plant in Adamjee Export Processing Zone with an investment of about Tk 172 crore (US$25.1 million).
The 100 per cent locally-owned company, which will create employment opportunity for 2,200 Bangladeshi nationals, will produce items such as knitted products.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and Shore to Shore Textile Limited in BEPZA Complex, Dhaka Sunday.
Source:
Business in Asia Today - APRIL 07, 2008
published by Asia Pulse
COPYRIGHT © 2008
Sydney (ANTARA News/Asia Pulse) - Media heir Lachlan Murdoch has pulled out of a $A3.3 billion ($US3.04 billion) deal to privatise Consolidated Media Holdings Ltd [ASX:CMJ) (CMH) with friend and fellow tycoon James Packer.
Today's announcement of the withdrawal of Mr Murdoch's private company, Illyria Pty Ltd, was made after CMH shares went into a trading halt.
Mr Murdoch said in a letter to CMH that Illyria was not in a position to proceed with the indicative proposal set out in a letter to CMH on January 21 "due to material changes in the overall transaction terms".
JINDAL DRILLING ACQUIRES 49PCT STAKE IN SINGAPORE FIRM
Mumbai (ANTARA News/Asia Pulse) - Jindal Drilling and Industries (BSE:511034), an arm of the DP Jindal group, on Friday said it had acquired a 49 per cent stake in the Singapore-based Virtue Drilling Pte Ltd.
Jindal Drilling and Industries (JDIL) had acquired the stake from another group company, Jindal Pipes, for Rs 400 million
($US10.02 million) to consolidate its offshore drilling business, the company said in a filing to the Bombay Stock Exchange. Both the firms - Virtue Drilling Pte Ltd and JDIL - would operate as a joint venture entity.
VIETNAM KENEE TO CONSTRUCT TITANIUM CINDER PLANT
Phu Yen, Vietnam (ANTARA News/Asia Pulse) - The Vietnam Kenee Mineral Co. broke ground in the construction of a titanium cinder plant with a total investment capital of 65 billion VND (US$4 million).
Located in Dong Bac Song Cau, in the central province of Phu Yen, the factory hopes to be operational by year end.
The factory plans to produce 5,500 tonnes of titanium cinder and 2,700 tonnes of pig-iron in the first phase. It will expand
this to 20,000 tonnes of titanium cinder and 10,000 tonnes of pig-iron in the second phase.
POSCO TO BUILD TWO PLANTS IN CHILE
Seoul (ANTARA News/Asia Pulse) - The POSCO Engineering & Construction Co., a construction arm of world's No. 4 steelmaker POSCO Co. (KSE:005490), said Monday it had signed two deals worth a combined US$1.3 billion to build two plants in Chile.
The deals, signed with AES Corp. on behalf of global mining company BHP Billiton Ltd. (ASX:BHP), call for POSCO to build a US$870 million coal plant in Antofagasta in the north and US$440 million plant in the western coast city of Ventanas, the South Korean company said.
Construction of the 520-megawatt and 270-megawatt plants, which will begin in June and next month respectively, is scheduled to be completed in the second half of 2011.
NEW SOLAR PANEL FACTORY TO BE BUILT IN VIETNAM
Long An, Vietnam (ANTARA News/Asia Pulse) - Ho Chi Minh City's Red Sun Energy JSC and Energy Conservation Centre will build a solar panel factory worth $US10 million.
The factory, located in the Duc Hoa district in the southern province of Long An, will be built in two phases, with a view to being completed this September.
In line with international standards, the company's solar panels have an estimated lifespan of 20 years and come with a five-year warranty.
ASAHI KASEI TO INVEST IN EQUIPMENT UNDER 5-YEAR PLAN
Tokyo (ANTARA News/Asia Pulse) - The Asahi Kasei Corp. (TSE:3407) has announced a five-year plan spanning fiscal 2011 to fiscal 2015 that calls for spending of roughly 800 billion yen (US$7.822 billion) on plant and equipment.
This would continue the firm's strategy of aggressive investing.
Average yearly spending during the current five-year plan to fiscal 2010 is double the average amount Asahi Kasei spent during the three years to fiscal 2005.
Now a similarly large equipment investment budget has been written into the next five-year plan.
AUSTRALIAN STATE DRAWS UP PLANS FOR $US202MLN SAFARI THEME PARK
Melbourne (ANTARA News/Asia Pulse) - Plans are being drawn up for a $A220 million ($US202.64 million) adventure safari theme park in Melbourne's outer south-west.
The African Safari Park would generate thousands of jobs and more than one million visitors a year, rivalling the giant theme parks on Queensland's Gold Coast, according to its backer Village Roadshow International Theme Parks and an enthusiastic Victorian government.
Victorian Tourism Minister Tim Holding today left no doubt the government supported the proposal. It is expected to generate 6,700 jobs during construction and 500 more to operate it, with the park set to open as early as 2010.
CONSTRUCTION OF FIRST 6-STAR HOTEL STARTS IN VIETNAM
Nha Trang (ANTARA News/Asia Pulse) - The Vinpearl Tourism and Trade Joint-stock Company in late March began the construction of a six-star hotel, the first in Vietnam, in coastal Nha Trang city, central Khanh Hoa province.
Located on Bai Soi, one of the most beautiful beaches of the Hon Tre island, offshore Nha Trang city, the hotel will include two presidential villas with world-class deluxe conveniences, and three super luxury villas.
The hotel, part of a project to build a 80,000 sq.m Vinpearl Land tourism and entertainment complex, is scheduled to be put into operation in January next year.
JAIPRAKASH HYDRO POWER TARGETS 5,000MW CAPACITY BY 2012
New Delhi (ANTARA News/Asia Pulse) - Jaiprakash Hydro-Power Ltd (BSE:532627), a part of the Jaypee Group, said it is targeting setting up hydel power generation capacity of 5,000 megawatts by 2012.
The company would also set up a 2,000-MW hydro project in Arunachal Pradesh at an estimated cost of Rs 250 billion ($US6.25
billion). "We target to have a generation capacity of about 5,000 megawatt by 2012," company's Director In-charge J N Gaur said here.
The company has completed a feasibility study for the 2,000-MW project, consisting of eight units of 250 MW each.
The project is expected to be fully commissioned by 2016.
BANGLADESHI CO TO SET UP GARMENTS FACTORY IN ADAMJEE EPZ
Dhaka (ANTARA News/Asia Pulse) - A local company named Shore to Shore Textile Limited will set up a knitted composite textile and garments accessories manufacturing plant in Adamjee Export Processing Zone with an investment of about Tk 172 crore (US$25.1 million).
The 100 per cent locally-owned company, which will create employment opportunity for 2,200 Bangladeshi nationals, will produce items such as knitted products.
An agreement to this effect was signed between the Bangladesh Export Processing Zones Authority and Shore to Shore Textile Limited in BEPZA Complex, Dhaka Sunday.
Source:
Business in Asia Today - APRIL 07, 2008
published by Asia Pulse
COPYRIGHT © 2008
No comments:
Post a Comment