Olympic gymnast Li Ning sells $175 million stake to talent firm
Reuters- Oct 17, 2012 The founder of Li Ning Co Ltd plans to sell a 25 percent stake in China's best-known sportswear group to his talent management firm Viva China Holdings Ltd for $175 million, knocking Li Ning's shares on concerns about his commitment to the group. Viva China is controlled by former Olympic gymnast Li Ning,...
Singapore and Germany agree deal to tackle tax evasion
BBC News- 15 October 2012 Singapore and Germany have agreed to increase the level of information they exchange in a bid to crack down on tax dodgers. Germany has been wary of some of its citizens moving their funds to Asia. This is after Berlin signed a treaty with Switzerland targeting nationals who hide taxable income in Swiss...
Morgan Stanley Research: Singapore least preferred Asean market
The Star- October 15, 2012 KUALA LUMPUR: Singapore remains the least preferred market in Asean for Morgan Stanley Research as it continues to underweight banks and maintain a defensive dividend yield strategy. In its Asean Equity Strategy report issued on Monday, it said that despite the 473 basis points underperformance since...
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