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The decision to purchase a 75% stake in the grain terminal in Ukraine was made by the largest trading company in South Korea, POSCO Daewoo, Reuters writes, citing a report from the National Investment Council of Ukraine. The construction of the terminal, where it is planned to process about 2.5 million tons of grain per year, is carried out in the port of Nikolaev. Its commissioning is scheduled for July 2019. According to the agreement signed by POSCO Daewoo, the South Korean company will operate the terminal together with the Ukrainian operator Orexim Group. Ukraine, through ports of which about 95% of grain exports are exported, collected a record 70 million tons of grain last year.
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
Alibaba Group Holding Ltd's (BABA) co-founder Jack Ma sold $8.2 billion worth of shares, reducing his stake in the company over the past year from 6.2% to 4.8%. The Chinese e-commerce company released its annual report on Friday. The divestment ...
Chinese tech giant Tencent said on Thursday that it had purchased Malaysian video streaming platform Iflix’s “content, technology, and resources” in order to further grow its presence in Southeast Asia. Tencent said in a ...
SoftBank Group Corp. (SFTBY) announced on Thursday morning that it plans to sell 5% of its stake in SoftBank Corp., a separately listed Japanese wireless mobile company. The move would raise 310.2 billion Yen ($2.9 billion) through securities ...
Korean Air Co. Ltd. (003490.KS), South Korea’s largest airline and flag carrier, plans to sell new shares worth 1 trillion Won ($817 Million) in its biggest rights issue in 20 years. The company came up with self-rescue measures on Wednesday ...
KYC Policy