Behind closed doors

Article Abstract:

The takeover of Asia Securities International by EIE Development (International) has caused increasing concern in Hong Kong's Securities and Futures Commission about takeovers that take place without a general shareholders' vote. The commission is against companies such as Asia Securities and EIE which are formed for taking advantage of their shares being traded rather than for running a business. The commission also plans to ensure that the interests of minority shareholders are protected when a company goes in for privatization.

Mergers, acquisitions and divestments, Acquisitions and mergers, Real estate industry, Securities industry, Hong Kong, EIE International Corp., Asia Securities International Ltd.

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Sprinting to the forefront: shoemaker Yue Yuen is a Taiwanese success in China

Article Abstract:

Sports-shoe manufacturer Yue Yuen rode an unconventional management style to success in the turbulent sports-shoe world, rising to become the top supplier to Adidas, Nike, Reebok, and others from its base in China. Founded in Taiwan by the four Tsai brothers, the company gambled on a long-term investment in the Pearl River Delta in 1989, to the consternation of many observers. Now it may be the biggest foreign investor in southern China, and has itself drawn major investments from the likes of Goldman Sachs.

Other Footwear Manufacturing, Athletic Footwear ex Canvas, Footwear, except rubber, not elsewhere classified, China, Foreign operations, Footwear industry, Athletic shoes, Yue Yuen Industrial Holdings

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Once spurned

Article Abstract:

Noble Group, metal group, set up by Richard Elman, a Briton, which withdrew from the Hong Kong Stock Exchange in May 1996, after two years listing, wants to become listed on the Singapore stock exchange. Elman hopes that investors there might be more interested in Noble, as they are less obsessed with property. Noble had a pre-tax profit of 20 million dollars in 1995, and is rated highly by institutional investors.

Metal industries, Securities, Metal industry, Noble Group

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