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Tai Sin - Acquisition Of 52.5% Of Cast Laboratories
Tai Sin Electric Limited wishes to announce that the Company has, on 12 January 2012, entered into a conditional Investment Agreement to acquire 52.5% of the issued and fully paid-up share capital of Cast Laboratories Pte Ltd for a total purchase consideration of S$4,500,000 and to regulate the affairs of Cast Lab and the respective rights of its shareholders on the terms and conditions set out in the IA. The IA is scheduled to be completed on 31 January 2012. The Cast Lab Group offers independent testing, inspection and certification services as well as heat treatment and specialised geotechnical services in Singapore with regional presence in Malaysia, Indonesia and Thailand...
Samsung may consider alliance with Japan's Olympus
South Korea's Samsung Electronics is open to forging an alliance with Japan's troubled Olympus Corp, potentially joining other electronics firms in circling one of the world's biggest names in medical equipment, sources said.
Samsung's major Japanese rivals, Sony and Panasonic , have already shown interest in Olympus, now in need of capital after being swamped by a US$1.7 billion accounting scandal over the past three months, sources in Tokyo have told Reuters. Olympus is best known for cameras, but makes most of its money in healthcare, dominating the market for gastro-intestinal endoscopes which are seen as the kind of high-tech, profitable and stable business that electronics firms would covet. Samsung has ruled out any interest in Olympus' loss-making camera business, but a company source said on Thursday that it might consider an alliance with Olympus in other areas.
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