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Origin Energy agrees to supply LNG to Chinas ENN

2016-03-02 01:00:00| Hydrocarbons Technology

Origin Energy has signed an agreement for the supply of 500,000t of LNG per year to China-based ENN LNG Trading.

Sharp agrees to Foxconn takeover

2016-02-25 09:14:00| Telecompaper Headlines

(Telecompaper) Sharp has agreed to a takeover bid from Taiwan's Hon Hai Precision Industry. Hon Hai, better known as Foxconn, is expected to acquire a majority stake in Sharp by buying JPY 489 billion in new shares issued by the company. In addition, Hon Hai plans to purchase half of the shares held by Sharp's creditors for JPY 100 billion. Sharp chose Foxconn's takeover bid over support from the Innovation Network Corp of Japan, a state-backed fund. Sharp said the offer from Foxconn included a pledge to invest in expanding its LCD business, and the two also have complementary operations. In addition, Foxconn pledged to allow Sharp operational independence, including its brand, unified operations and R&D in Japan, and to maintain employment at the company. In return, Hon Hai will have a majority of seats on Sharp's board. Sharp said the agreement will allow it to realise the goals of its medium-term strategic plan, including necessary capital expenditure for growing its business and paying off debt.

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Australian Government agrees to sell its dairy to Chinese investor

2016-02-24 01:00:00| Food Processing Technology

The Australian Government has agreed to sell the country's largest dairy, the Tasmanian Land Company (TLC) to Chinese investor Lu Xianfeng for $202m.

Tags: sell government chinese australian

Gastar agrees to sell Appalachian Basin assets in West Virginia, US to Tug Hill

2016-02-23 01:00:00| Hydrocarbons Technology

Gastar Exploration has signed an agreement for the sale of certain of its Marcellus Shale and Utica/Point Pleasant properties in West Virginia, US, to an affiliate of Tug Hill, in a deal worth $80m.

Tags: west sell hill virginia