The offer was 14 per cent higher than an earlier bid by US buyout firm Ripplewood Holdings. The Haier offer values Maytag at US$16 a share, against Ripplewood's US$14. Haier has also reportedly agreed to assume Maytag's debt of US$979 million.
If the bid succeeds - and pending the outcome of CNOOC's unsolicited US$18.5 billion offer for Unocal - it will be the most significant Chinese manufacturing corporate deal of the year. Read More...
“Nobody ever comes to me and says, ‘Oh, can we show your work?’” she says, sitting among her sculptures. “For me, I just decided and said, ‘Let me go and exhibit my work.’ I asked for the exhibition, and they gave me the space.”
Her recent solo show exemplifies an expanding artistic landscape that allows more room for local artists who once struggled for space.
Their sense of cheer mirrors a similar trend across Africa that’s fuelled, not just by an explosion of compelling new work, but also by the growing ability of curators from the continent to reach new collectors at a time of rising global interest in modern African art. Read More...
In an age where seemingly almost every family movie alludes to pop culture (the Shrek films), or has political undertones (the latest Harry Potter), The Magic Gourd is an anomaly.
Earnest and straightforward, John Chu Ka-yan's film - a morality tale about a spoilt brat's education about the virtues of hard work - has no sensational gimmicks or thinly veiled metaphors. Sadly, it also lacks a meaty storyline, the occasional edgy moment or even an element of surprise that would make The Magic Gourd more than a day out for schoolchildren. Read More...
