TOKYO : State-backed Japan Investment Corp has received approval to expand its investment framework to 900 billion yen from 200 billion yen, a government source said on Wednesday.
The preferred bidder is private equity firm Japan Industrial Partners , but two sources familiar with the matter said last month that it is having difficulty securing sufficient equity commitments from potential consortium partners.
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Tencent and China Unicom gain approval to set up 'mixed ownership' companyHONG KONG : Chinese tech giant Tencent Holdings and state-owned telecommunications firm China Unicom have received regulatory approval to set up a so-called 'mixed ownership' company, a public document showed on Wednesday.China has been accelerating its push for mixed-ownership reforms in an effort to boo
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