Reuters Asia Business

(Refile to fix Doug Coulter job title in paragraph 12) By Kane Wu HONG KONG (Reuters) -Secondary trades of private equity assets in China are poised to accelerate after a robust first half, with Canada’s No.2 pension manager and a China-focused buyout fund among those looking to divest such assets worth potentially billions of dollars, …

China private equity secondary deals to surge on rising supply, cheaper valuations Read More »

(Reuters) -Singapore’s Temasek is weighing a reorganisation into three investment vehicles, as the state owned investor looks to improve returns and efficiencies, Bloomberg News reported on Wednesday. One unit would focus on the biggest local holdings such as flag carrier Singapore Airlines while the other would largely look at foreign investments, the report added, citing …

Singapore’s Temasek mulls three-way split, Bloomberg News reports Read More »

By Heejin Kim SEOUL (Reuters) -Ten South Korean petrochemical companies have agreed to restructure their operations, including large cuts to their naphtha-cracking capacity, government officials said on Wednesday. South Korea’s government has been putting pressure on a petrochemical sector it says is in “crisis” to speed up restructuring to boost efficiency and raise flagging margins. …

South Korean petrochemical companies to cut capacity, restructure, government says Read More »

By Melanie Burton and Lewis Jackson MELBOURNE/BEIJING (Reuters) -China’s Tianqi Lithium is open to renegotiating joint venture partner IGO’s stake in the troubled Kwinana lithium refinery in Western Australia state, CEO Frank Ha said on Wednesday. The refinery, the first lithium hydroxide plant to be built in Australia, has been grappling with operational issues and …

China’s Tianqi open to renegotiating lithium refinery deal with Australia’s IGO Read More »

By Mohi Narayan and Heekyong Yang (Reuters) -South Korea’s government announced a plan on Wednesday for 10 of the country’s petrochemical companies to restructure their operations, including large cuts to their naphtha-cracking capacity. Below are South Korea’s top petrochemical producers based on the Korea Chemical Industry Association (KCIA). OVERVIEW South Korean producers have suffered losses …

Major South Korean petrochemical firms and production Read More »

By Scott Murdoch (Reuters) -Hong Kong’s stock exchange operator said on Wednesday its first half profit rose almost 40% to a record HK$8.52 billion ($1.09 billion), driven by a sharp increase in daily stock trading and a revived listings market. The revenue of Hong Kong Exchanges and Clearing (HKEX) reached HK$14.1 billion in the past …

Hong Kong exchange’s first-half profit jumps nearly 40% to record Read More »