Reuters reported that Eastman Kodak Co will seek court approval for a $406 million rights offering that could give creditors a big equity stake in the Company after it emerges from Chapter 11 bankruptcy protection. Kodak said creditors agreed to backstop an offering that would let the Rochester, New...
Sichuan Changhong Electric Co Ltd to Establish Technology Research Institute with Sichuan-based Company and University of Electronic Science and Technology of China
Sichuan Changhong Electric Co Ltd announced that it has decided to establish a Sichuan-based digital home industry technology research institute with a subsidiary of China Telecommunication Corporation and University of Electronic Science and Technology of China. The Company will invest RMB 1...
Kyodo News reported that negotiations have broken down over incorporating the mobile device chip operations of Renesas Electronics Corp. into a new joint venture that Fujitsu Ltd. and Panasonic Corp. will set up by integrating their system LSI chip operations.
Ngai Lik Industrial Holdings Ltd announced that for fiscal 2013, it expected to record a loss as compared with a profit for fiscal 2012. The Board believes that the turnaround from profit to loss was mainly attributable to a one-off gain on deconsolidation of a subsidiary recorded in fiscal 2012,...
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