On Friday, in a statement Malaysia based AirAsia Group Bhd said, it has decided to change the name of its listed holding company to Capital A Bhd. The development comes in the wake of the company seeking market recognition of its… Read More ›
holding company
LG spin off five affiliates, increases focus on existing core businesses
On Friday, shareholders of LG Corp shareholders approved the company’s plan to spin off five affiliates, which according to the South Korean company would allow it to focus on existing core businesses such as electronics, telecommunications services and chemicals. In… Read More ›
Jaguar Land Rover’s CEO Ralf Speth to step down in September 2020
In a report, the Financial Times said citing sources, Ralf Speth, Jaguar Land Rover’s Chief Executive Officer is scheduled to step down later this year in September when his contract ends; he will continue to remain in the company at… Read More ›
French retailer Casino to sell off non-core assets worth $2 billion to reduce debt
This planned sales come on top existing plans to sell non-core assets worth 2.5 billion euros by the first quarter of 2020. On Tuesday, French supermarket retailer Casino stated, it plans on cutting its debt while improving its financial performance… Read More ›
Midst Elliot Management pressure Hyundai Motor cancels treasury shares worth $890 million
The measure is part of a wider scheme to boost shartholder’s returns. On Friday, in a development that marks its first share cancellation in fourteen years, Hyundai Motor stated it plans on canceling treasury shares worth $890 million (960 billion… Read More ›
Snap Inc. and Uber technologies to lead IPO wave in U.S. in 2017
Although IPOs in the U.S. fell by more than a third in 2016, compared to 2015, the IPO scene is set to get a boost now that the uncertainty of the presidential elections is over. Fueled by a stronger economic… Read More ›
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