About 600 families from Hong Kong’s fire-ravaged Wang Fuk Court have requested a second visit to their flats, authorities have said, as residents of the most severely damaged tower return to salvage their belongings. Deputy Chief Secretary for Administration Cheuk Wing-hing said on Thursday that the government would provide additional support for residents of Wang Cheong House, the hardest-hit tow...
About 600 families from Hong Kong’s fire-ravaged Wang Fuk Court have requested a second visit to their flats, authorities have said, as residents of the most severely damaged tower return to salvage their belongings. Deputy Chief Secretary for Administration Cheuk Wing-hing said on Thursday that the government would provide additional support for residents of Wang Cheong House, the hardest-hit tower where 81 of the 168 deaths in the Tai Po fire occurred. Residents are returning between April 23...
Taiwan Semiconductor announced its latest technology roadmap and will no longer purchase the next-generation lithography machine from ASML Holding due to cost concerns. Moomoo
Taiwan Semiconductor announced its latest technology roadmap and will no longer purchase the next-generation lithography machine from ASML Holding due to cost concerns. Moomoo
(RTTNews) - The Thai Stock market headed south again on Wednesday, one day after ending the three-day slide in which it had slumped almost 25 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,480-point plateau although it's expected to tick higher
(RTTNews) - The Thai Stock market headed south again on Wednesday, one day after ending the three-day slide in which it had slumped almost 25 points or 1.6 percent. The Stock Exchange of Thailand now sits just beneath the 1,480-point plateau although it's expected to tick higher
EQT AB is considering a takeover of Kakaku.com Inc. , people familiar with the matter said, as private equity-led deals bloom in Japan. The Swedish buyout firm is working with a financial adviser to evaluate an offer for Tokyo-listed Kakaku, the people said, asking not to be identified because the information is private. Kakaku’s shares are down 7% this year, giving the internet company a market v...
EQT AB is considering a takeover of Kakaku.com Inc. , people familiar with the matter said, as private equity-led deals bloom in Japan. The Swedish buyout firm is working with a financial adviser to evaluate an offer for Tokyo-listed Kakaku, the people said, asking not to be identified because the information is private. Kakaku’s shares are down 7% this year, giving the internet company a market value of about $2.7 billion. Established in 1997, Kakaku operates web services including price comparison, restaurant bookings and reviews, and job searches. Deliberations are ongoing and may not result in a bid, the people said. A representative for EQT declined to comment. Last year was a record for deals involving Japanese companies, and private equity firms have played a significant role. That’s rolled into this year, with KKR & Co. saying recently it plans a tender offer for Taiyo Holdings Co. valuing the chemicals maker at about ¥500 billion ($3.1 billion). In the first quarter, Elliot Investment Management reached an agreement to privatize Toyota Industries Corp. in a transaction valuing it at ¥6.7 trillion . There could be some hurdles too. Makino Milling Machine Co. said Thursday the Japanese government has asked private equity firm MBK Partners Ltd. to cancel its planned acquisition due to national security concerns. Read More: Japan Is Where Private Equity Wants to Be: Bloomberg Deals EQT raised $15.6 billion for its latest private equity Asia fund, the largest pool of capital ever assembled for the region, as investors look beyond the US.
Used condominium prices in central Tokyo fell for second month in March, stoking concerns that Japan’s property boom may be losing momentum. Average prices of previously occupied apartments in the six central wards of Tokyo fell 0.2% in March from the previous month to ¥187.3 million ($1.2 million), according to data released Thursday by research firm Tokyo Kantei Co. That was the first back-to-ba...
Used condominium prices in central Tokyo fell for second month in March, stoking concerns that Japan’s property boom may be losing momentum. Average prices of previously occupied apartments in the six central wards of Tokyo fell 0.2% in March from the previous month to ¥187.3 million ($1.2 million), according to data released Thursday by research firm Tokyo Kantei Co. That was the first back-to-back decline in more than three years. Weighing on market sentiment are signs that policymakers are growing cautious about rampant spending by investors that may drive away home buyers. The Bank of Japan said last month it will it closely monitor real estate loans by regional banks, while local governments have warned against quick reselling of properties. There’s also the risk that the Middle East conflict will further push up the cost of living and weaken consumer demand, a negative for the housing market. “If inventory piles up further and the proportion of properties with significantly reduced price tags increases, the market will enter a correction phase,” said Tokyo Kantei researcher Masayuki Takahashi. “If the situation in Iran leads to higher oil prices and supply concerns, the real economy may be affected, and consumer sentiment could cool down due to uncertainty about the future.” The condo price drops in February and March were relatively small, decreasing 0.2% in both months, with prices adjusted to represent 70 square-meter properties. That means it may be premature to say that prices have entered a correction phase, though the impact of factors such as the war in Iran needs to be watched, said Takahashi. Some local governments have been taking action to address affordability concerns for homebuyers. Chiyoda Ward in central Tokyo said in July that it asked developers to ban sales of condos within five years of purchase. Kobe City in western Japan, meanwhile, is considering introducing a tax levied if apartments are left vacant. Condo prices in central Tokyo have ...