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December 6, 2007 |
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* Former Regulatory Body Spokesman Jailed for Corruption Former Financial Supervisory Commission spokesman Lin Chung- cheng was sentenced to 16 years in jail by the Taipei District Court in his first corruption trial, Taipei Times reports. Mr. Lin was found guilty of accepting bribes and illegally lobbying... Read More |
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EDS CORP: Completes US$420-Million Buyout of Saber Corp.'s Stake EDS Corp. has completed the acquisition of an approximate 93% equity interest in Saber Corp., including majority shareholder Accel-KKR. As reported in the Troubled Company Reporter on Nov. 19, 2007, EDS Corp. has agreed to purchase an approximate... Read More |
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FASTECH SYNERGY: 2nd Quarter Net Loss Dips 20.7% to US%1.06 Mil. Fastech Synergy Ltd. incurred a net loss of US$1.068 million for the quarter ended June 30, 2007, a 20.7% decrease from the US$1.346 million in the same period last year. For the April-June 2007 period, the company earned revenues of US$3.761 million,... Read More |
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LAFAYETTE MINING: Prospect Investor Declines Option Arrangement Lafayette Mining Ltd. shares have been halted from trading on the Australian Stock Exchange since December 4. In a statement lodged with the ASX, the mining company requested to have its shares suspended from trading while it continues to hold discussions... Read More |
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OCI BHD: Reprimanded by Bursa for Breach of Listing Requirement On November 29, 2007, the Bursa Malaysia Securities Berhad publicly reprimanded OCI Berhad for breach of Paragraph 9.22(1) of Bursa Securities’ Listing Requirement and imposed a fine of MYR52,500. The company has breached paragraph 9.22(1) for... Read More |
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PHIL LONG DISTANCE: Loses Regulatory Fee Case Against NTC The Philippine Long Distance Telephone Co. has lost in its legal dispute with the National Telecommunications Commission regarding regulatory fees assessed sometime in 1988, BusinessWorld reports. According to the article, the Supreme Court upheld... Read More |
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QUANTA COMPUTER: Denies Reports of Balda Partnership Quanta Computer Inc. and Asustek Computer Inc. have denied a newspaper report that they approached Balda AG, a German maker of mobile-phone parts, for a possible strategic partnership, Bloomberg News relates. Bloomberg explains that Qunata and Asustek... Read More |
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SOFTBANK CORP: Sees Alibaba-related Q3 Profit of JPY55 Billion Softbank Corp. expects to post an equity-method investment profit related to Alibaba.com Ltd. of JPY55 billion in the current quarter ending December 31, Kiyoshi Takenaka writes for Reuters. Reuters relates that Softbank, on the day of Alibaba.com's... Read More |
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Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
