No more denial

Article Abstract:

Asian firms are more willing to sell off stakes to foreign buyers because the economy in Asia is in severe trouble and company owners realise that it may become increasingly difficult to maintain their holding or attract foreign capital if the situation does not improve. The Charoen Pokphand Group has sold a supermarket chain to Tesco for $180 million because a number of other parts of the group were in financial difficulty. Acquisitions are not particularly cheap because Asian owners know how much they invested when the economy was buoyant.

Supermarkets and Other Grocery (except Convenience) Stores, Mergers & Acquisitions, Grocery stores, Supermarkets, Mergers, acquisitions and divestments, Acquisitions and mergers, Charoen Pokphand Group

---

The best-laid plans ... Asia's markets refuse to conform to expectations

Article Abstract:

Asia's capital markets remain underdeveloped thanks to bank lending practices and other problems, though growth does continue slowly and shows promise in some quarters. Hong Kong has the strongest capital market but faces concerns about 1997, with Bangkok generating almost as many hopes. The currency crisis in Mexico reverberated throughout the Pacific, leaving many central banks with 'a bunker mentality.' Distrust of capital markets, eager Japanese banks, and the nature of Asian business all hurt market development.

Capital market, Capital markets

---

Anywhere but Asia

Article Abstract:

Asian financial markets are likely to see continued uncertainty in 1998, with Asian companies set to experience considerable difficulties. The region will probably see the departure of many investors, especially as deflation becomes established. Asia's apparent economic success is now being re-assessed, with some observers believing that many Asian companies achieved earnings growth mainly through securities trading and dubious accounting methods, rather than through their core operations.

Foreign investments, Financial markets

Similar abstracts:

• Abstracts: Alone in a man's world. A venerable veranda. Political handicap: few women choose to enter public life
• Abstracts: Great expectations: Malaysia's new budget sends mixed signals. It's tough at the top: officials act to preserve economic growth
• Abstracts: Completed deals. Mergers + Acquisitions International: completed deals
• Abstracts: Touche Ross Corporate Finance. The credibility gap narrows. Neil Lerner: KPMG Corporate Finance
• Abstracts: Jakarta slaps 25% import tariff on ethylene, aiding Chandra Asri. Analysts knock Jakarta's moves to ease trade

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.