Australia’s Crown Resorts on Thursday said it had been informed that a planned $1.2 billion stake sale by billionaire founder James Packer to Melco Resorts & Entertainment had been delayed. Melco on Wednesday said...
Melco buy-in triggers regulatory review of Crown’s $1.5 billion Sydney casino
An Australian regulator said it will review its approval for Crown Resorts’ $1.5 billion casino being built in Sydney, after the gambling giant’s founder James Packer sold nearly half his stake in the company to Hong...
HSBC gets regulatory nod to sell Malaysia insurance unit stake to FWD
HSBC Holdings’ (HSBA.L) Asia Pacific insurance unit has received regulatory approval to divest its 49 percent stake in the Malaysian life insurance joint venture to Hong Kong-based FWD Group, owned by tycoon Richard Li...
Canada’s Husky gets regulatory approvals to buy MEG Energy
Canadian oil and gas producer Husky Energy Inc (HSE.TO) said on Tuesday it has received regulatory approvals to buy rival MEG Energy Corp (MEG.TO), but MEG has yet to agree on the deal. In October, Husky made an...
Noble Group extends deadline for $3.5 billion restructuring amid regulatory probe
Noble Group Ltd (NOBG.SI) is pushing back this month’s deadline to complete its make-or-break $3.5 billion debt restructuring deal to Dec. 11, amid a probe by Singapore authorities into suspected false and misleading...
Regulatory changes may lead to merger with Open Fiber- TIM CEO to FT
Regulatory changes in Italy could pave the way to a merger with broadband company Open Fiber, Telecom Italia (TIM) Chief Executive Amos Genish told the Financial Times on Tuesday. “It more depends on the government to...
Malaysia’s Axiata scraps $940 million Pakistan deal after regulatory issues
A unit of Malaysian telecoms firm Axiata Group has called off a $940 million deal to buy 13,000 telecoms towers in Pakistan after regulators there failed to provide all approvals for the transaction announced a year ago...
SEBI BOARD REGULATORY AMENDMENTS: A WELCOME MOVE
SEBI Board in its meeting on 21 June 2018 has inter alia resolved: To amend SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 (the Takeover Code 2011) To replace SEBI (Buy-back of Securities)...
JD.com gets regulatory nod for 30 percent stake in Allianz China
The China unit of global insurance giant Allianz SE (ALVG.DE) has been approved to double its registered capital with e-commerce giant JD.com Inc (JD.O) as the leading investor in a fresh round of fundraising. JD.com...
Australia’s Sirtex clears U.S. regulatory hurdle for Chinese buyout
Liver cancer treatment maker Sirtex Medical (SRX.AX) said on Monday that the U.S. Federal Trade Commission cleared its $1.4 billion buyout by a Chinese consortium, clearing a major hurdle for the deal to go through. The...
Reliance Infra’s sale of Mumbai power ops to Adani gets regulatory nod
Reliance InfrastructureNSE -1.59 % is likely to close the deal to sell its Mumbai power business to Adani Transmission by July as the Maharashtra Electricity Regulatory Commission has given its approval for the deal...
Implementation of SPACs in India – Key Regulatory challenges
Special Purpose Acquisition Vehicles (SPACs) have emerged as a promising option to raise public funding from offshore markets. They are especially suited for start-ups, who otherwise find it difficult to excite the...