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Posts Tagged ‘assets’

SGI Buys Assets of Bankrupt Copan Systems

February 24th, 2010 | No Comments

Copan was known within the industry for its MAID storage software platform. However, the company struggled in recent years and couldn’t make a go of it in the increasingly crowded enterprise data storage business. SGI now owns a highly scalable, energy-efficient enterprise platform.
– SGI, which in April 2009 became a
combination of Rackable Systems and the original Silicon Graphics, announced
Feb. 23 that it has purchased the assets of Copan Systems, a bankrupt provider of high-performance storage archive solutions, for about
$2 million in cash.

Copan was known within the …

Bank of Singapore eyes doubling of assets in 3 years

February 22nd, 2010 | No Comments

Bank of Singapore, the private banking arm of OCBC (OCBC.SI), aims to double client assets in three years to about US$46 billion ($64.9 billion) by exploiting its parent’s strong base in Southeast Asia.

“There is a lot of low-hanging fruit,” said Renato de Guzman, who heads the new unit formed after Singapore’s second-biggest lender bought the Asian private banking business of ING.

Bharti confirms US$10.7b bid for Zain Africa assets

February 15th, 2010 | No Comments

India’s Bharti Airtel (BRTI.BO), 30%-owned by Singapore Telecommunications, launched its third attempt to gain a foothold in Africa, entering exclusive US$10.7 billion ($15.1 billion) talks to buy most of Kuwaiti telecom Zain’s (ZAIN.KW) cellular assets in a continent that offers the last opportunity for major subscriber growth.

China to Sell U.S. Assets

February 10th, 2010 | No Comments

Something big is happening in China which could have a huge effect on the American economy.On Tuesday, Reuters reported:Senior Chinese military officers have proposed that their country … possibly sell some U.S. bonds to punish Washington for its lat…

Madoff brother, sons and a niece agree to limit spending to protect assets

February 6th, 2010 | No Comments

Bernard Madoffâ€™s brother, sons and a niece, accused in a lawsuit of using the family finance business like a â€œpiggy bankâ€, have agreed to an asset freeze. The deal with court-appointed trustee Irving Picard was described in a document filed Friday in the US Bankruptcy Court in Manhattan.

CapitaLand buys assets in China for US$2.2b

January 18th, 2010 | No Comments

CapitaLand, Southeast Asia’s biggest developer, agreed to buy the Chinese property assets of Orient Overseas (International) for US$2.2 billion ($3.06 billion), doubling its real estate holdings in the world’s most-populous nation.

The purchase of the Orient Overseas Developments unit includes seven sites in Shanghai, Kunshan and Tianjin, with about 1.48 million square meters of floor space, the Singapore- based developer said in a statement today. About half is residential and the rest is office, retail and hotel space.

CapitaLand buys assets in China for US$2.2b

January 18th, 2010 | No Comments

CapitaLand, Southeast Asia’s biggest developer, agreed to buy the Chinese property assets of Orient Overseas (International) for US$2.2 billion ($3.05 billion), doubling its property portfolio in the world’s most-populous nation.

Less Than a Tenth of Bank Of America’s Assets Comes From Traditional Banking Deposits

January 13th, 2010 | No Comments

I have long pointed out that the too big to fails make very little of their money off of traditional depository functions.For example, last October, I argued:Some very smart people say that the big banks aren’t really focusing as much on the lending bu…

How to Understand Corporate-Liable vs. Individual-Liable Mobile Assets

January 12th, 2010 | No Comments

As enterprise adoption of smartphones with converged voice and data mobile services increases, many businesses adopt individual-liable programs to cut mobile costs and avoid the tax compliance tracking requirements associated with corporate-liable mobile devices. But switching from a corporate-liable to an individual-liable approach can negatively impact business operations. Here, Knowledge Center contributor Albert Subbloie offers six recommendations to help enterprises navigate the fine line between corporate mobility and liability management.
– As the adoption rate of mobile smartphones continues to rise and these devices become essential tools for the enterprise work force, IT departments are often tasked with managing and supporting hundreds, if not thousands, of mobile devices. Since the economic downturn, however, businesses have been …

Sumatec to sell shipping assets to Hoe Leong, Grand Columbia

January 6th, 2010 | No Comments

Sumatec Resources, a Malaysian engineering group, said it plans to sell its shipping assets to Hoe Leong Corp. in Singapore and Grand Columbia Holdings for 105 million ringgit ($43 million).

The plan will help Sumatec raise funds to repay its borrowings, the Malaysian company said in a statement in Kuala Lumpur today.

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PPIP May Have INCREASED the Amount of Some Toxic Assets

January 4th, 2010 | No Comments

In March, I pointed out that:PPIP [the Public-Private Investment Program] is a massive wealth transfer from taxpayers to investors and banks, and that Treasury funds are being used to sidestep Congress and their constituents – the American people…Cit…

DLF Assets eyes up to US$1b Singapore listing

December 15th, 2009 | No Comments

DLF Assets, owned by the founders of India’s top real estate firm DLF (DLF.BO), is reviving plans for a Singapore listing of its real estate investment trust, encouraged by the global equities rally, three sources said.

The firm, which buys its properties from DLF and collects lease rentals, plans to raise between US$500 million ($697 million) and US$1 billion, the sources said.

That is much less than a targeted fund-raising of up to US$2 billion that was planned in 2007, before the listing was called off as stock markets collapsed last year.

India DLF Assets eyes $1.7b SGX listing: Financial Express

December 3rd, 2009 | No Comments

The founders of Indian realty DLF (DLF.BO) aims to list their real estate investment trust DLF Assets in Singapore by June next year to raise US$1.2 billion ($1.66 billion), the Financial Express newspaper reported today.

The move is based on an assessment the Singapore market has began to improve, it said, quoting unidentified company officials.

Police asked to confiscate Mush assets if he doesnâ€™t cooperate

October 30th, 2009 | No Comments

A court in northwest Pakistan directed police to declare former President Pervez Musharraf a “proclaimed offender” and confiscate his property if he failed to cooperate with the probe into the whereabouts of a man allegedly detained by security agencies during his tenure.
The district and sessions court in Abbottabad in North West Frontier Province issued [...]

Shrinking assets

September 18th, 2009 | No Comments

Foreign direct investment drops further

FOREIGN direct investment has fallen sharply since the start of the financial crisis, according to the latest World Investment Report from UNCTAD. The purchase of factories, buildings and other assets by foreign firms was hardest hit in rich countries. At its recent peak in the last quarter of 2007, 80% of the world’s FDI went to developed economies, but by the first quarter of this year FDI into rich countries accounted for less than two-thirds of the total. FDI to emerging economies has held up better. Flows to Africa rose to a new record of $88 billion last year, much of it going to countries rich in natural resources. Foreign investment in China and India also surged, as companies sought footholds in resilient economies.

…

Nokia Buys Assets of Social Networking Maker Plum

September 11th, 2009 | No Comments

Nokia purchases some of the assets of Plum, a company that specializes in cloud-based social media and messaging technology. Nokia, which is looking to strengthen its mobile app offerings against the likes of Apple and RIM, says it plans to integrate the technology with its Services unit.
– Nokia,
which is trying to strengthen its mobile application offerings against the
likes of Apple, Microsoft and Research In Motion, is acquiring some of the
assets of Plum, which specializes in social media.
Nokia and Plum announced the deal Sept. 11. The two
companies did not disclose the full…

Chicago Skyway May Be Up For Grabs As Company Looks To Unload Public Assets

July 29th, 2009 | No Comments

Macquarie Infrastructure Group, a publicly traded toll-road fund managed by Australia’s biggest investment bank, Macquarie Group Ltd., may sell the leases on the Chicago Skyway and Indiana Toll Road as it seeks to raise cash, investors said.
…

Ericsson Wins Auction for Nortel Assets, RIM Still Interested

July 27th, 2009 | No Comments

Ericsson won the auction for Nortels wireless business with a $1.13 billion bid, almost twice the amount initially offered by Nokia Siemens Network in June. Officials with RIM, which makes the BlackBerry handheld devices, are holding out hope that they can still get those and other Nortel assets, saying they want to keep Nortel businesses in Canada while expanding their reach in the wireless space.
– The dismantling of Nortel Networks is continuing, with Ericsson winning the
auction for the bankrupt companys wireless business for $1.13 billion and
Research in Motion officials saying they are still interested in other Nortel
assets.
Ericsson won the bidding for Nortels CDMA (Code Division Mul…

Goola Warden: Upbeat on banks, cautious on property

July 23rd, 2009 | No Comments

TO TRACK SINGAPORE’S recovery, the focus should be on commercial property, and not residential. The latter is more affected by ease of financing and rates as well as population demographics and foreign investor flight to safety assets in Singapore. As long as they are employed, people will marry and buy homes, upgrade, invest, etc. whereas demand for office space is closely tied to the health of the economy.

Posts Tagged ‘assets’

SGI Buys Assets of Bankrupt Copan Systems

Bank of Singapore eyes doubling of assets in 3 years

Bharti confirms US$10.7b bid for Zain Africa assets

China to Sell U.S. Assets

Madoff brother, sons and a niece agree to limit spending to protect assets

CapitaLand buys assets in China for US$2.2b

CapitaLand buys assets in China for US$2.2b

Less Than a Tenth of Bank Of America’s Assets Comes From Traditional Banking Deposits

How to Understand Corporate-Liable vs. Individual-Liable Mobile Assets

Sumatec to sell shipping assets to Hoe Leong, Grand Columbia

PPIP May Have INCREASED the Amount of Some Toxic Assets

DLF Assets eyes up to US$1b Singapore listing

India DLF Assets eyes $1.7b SGX listing: Financial Express

Police asked to confiscate Mush assets if he doesnâ€™t cooperate

Shrinking assets

Ericsson Wins Auction for Nortel Assets, RIM Still Interested

Goola Warden: Upbeat on banks, cautious on property

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