TEMASEK SET TO BID FOR AXA'S TAIKANG STAKE - SOURCE
Singapore state investment company Temasek holdings is "seriously considering" bidding for the nearly 16% stake France's AXA holds in Chinese insurer Taikang, a person familiar with the situation said Tuesday. (published 0340 GMT)
=3RD UPDATE:INFRATIL CONSORTIUM IN TALKS TO BUY SHELL NZ ASSETS
Utilities investor Infratil Ltd. in consortium with the government New Zealand Superannuation Fund said Tuesday it has entered exclusive negotiations with Royal Dutch Shell PLC over the possible acquisition of Shell New Zealand Ltd.'s refining and downstream distribution and retailing businesses. (published 0346 GMT)
SAIZEN REIT: JAPANESE OPERATOR DEFAULTS ON S$113M LOAN
Singapore-listed real estate investment trust Saizen Reit Tuesday said that one of its managers, Japan Residential Assets Manager Ltd., has defaulted on a S$113 million commercial mortgage backed securities loan. (published 2349 GMT)
LG DISPLAY TO INVEST KRW1.1T FOR 70% STAKE IN CHINA LCD PLANT
LG Display Co., the world's second-largest producer of liquid crystal displays by sales after Samsung Electronics Co., said Tuesday it intends to invest KRW1.1 trillion for a 70% stake in a joint venture to build a $4 billion LCD plant in China. (published 0306 GMT)
=UPDATE:KEPCO SWINGS TO 3Q NET PROFIT ON LOWER COSTS,CHARGE HIKES
State-run Korea Electric Power Corp., or Kepco, said Tuesday it swung to a hefty third-quarter net profit, helped by reduced fuel costs and hikes in electricity charges. (published 0118 GMT)
=UPDATE: KT 3Q NET UP 80%; MARKETING CUTS OPERATING PROFIT
South Korea's KT Corp. said Tuesday its third-quarter net profit grew 80%, but its operating profit dropped 12% from a year earlier period on higher marketing expenses. (published 0236 GMT)
KEB OKS HYOSUNG TO HAVE ANOTHER 2 WEEKS FOR HYNIX PROPOSAL
A major shareholder of South Korea's Hynix Semiconductor Inc. said it has decided to extend the deadline by another two weeks for Hyosung Corp. to submit its preliminary acquisition proposal for the chip maker. (published 2345 GMT)
FORD CHINA OCTOBER PASSENGER AUTO SALES UP 80% AT 20,027 UNITS
Ford Motor Co. said Tuesday sales by its passenger vehicle-making joint venture with Chongqing Changan Automobile Co. rose 80% in October from a year earlier to 20,027 units. (published 0234 GMT)
=UPDATE: LEIGHTON, MACMAHON NEW ALLIANCE CUTS STANDSTILL CAUSE
Engineering contractors Leighton Holdings Ltd. and Macmahon Holdings Ltd. said Tuesday they have renewed their alliance but that a standstill agreement hasn't been extended, opening the way for Leighton to potentially increase its stake in its smaller partner. (published 0125 GMT)
=2ND UPDATE: AIR NEW ZEALAND TO BUY 14 NEW AIRBUS A320 AIRCRAFT
National carrier Air New Zealand Ltd. said Tuesday that it would consolidate its short-range fleet around Airbus aircraft after a hard-fought contest with rival Boeing Co., amid delays with orders for the U.S. manufacturer's new 787 long-range plane. (published 0213 GMT)
HOPSON DEVELOPMENT TO BUY LAND IN GUANGDONG FOR CNY3.35 BLN
Hopson Development Holdings Ltd. said Tuesday it plans to acquire a total of 1.05 million square meters of land in Panyu, Guangdong province, from a company owned by its chairman's brother and brother-in-law for CNY3.35 billion. (published 0142 GMT)
CHINA OVERSEAS LAND TO BUY 4 SITES IN CHINA FOR CNY10.84 BLN
China Overseas Land & Investment Ltd. said Tuesday it agreed to buy four sites in China for a total of CNY10.84 billion . (published 0153 GMT)
COUNTRY GARDEN OCTOBER CONTRACTED SALES UP 142% AT CNY3.6 BLN
Chinese developer Country Garden Holdings Co. said Tuesday its contracted property sales in October rose 142% from the same month last year to CNY3.6 billion. (published 0208 GMT)
=UPDATE: CHINA MERCHANTS SECURITIES STARTS IPO ROADSHOW
China Merchants Securities Co. on Tuesday started the roadshow for an initial public offering that could raise around CNY10 billion . (published 0215 GMT)
VIDEOCON INDUSTRIES BOARD OKS INR12 BLN RIGHTS ISSUE PLAN
Videocon Industries Ltd. Tuesday said its board has approved raising up to INR12 billion via a rights issue. (published 0355 GMT)