JoongAng Ilbo Co.

M&A Activity · Asia

Nasdaq-listed Horizon Quantum signed a non-binding letter of intent to acquire Singapore-based quantum software company Entropica Labs for about $27 million in Horizon Quantum Class A ordinary shares, subject to due diligence and definitive agreements.

M&A Activity · Asia

Japan's state-backed fund JIC reportedly plans to sell JSR to Mitsui Chemicals, per sources (unconfirmed exclusive report).

M&A Activity · Asia

Mitsui Chemicals agreed to buy Japanese chip material maker JSR in a deal valued at over $8.2bn.

M&A Activity · Asia

Muninova is expanding its Indonesian vehicle finance operations through the acquisition of MAF, per a headline-only report.

M&A Activity · Asia

SK Inc. has scrapped the planned IPO of affiliate SK ecoplant and launched a tender offer for 16.43 million shares to make it a wholly owned subsidiary, running from Thursday through Nov. 24.

M&A Activity · Asia

A DaouKiwoom-CJ consortium (Daou Technology, CJ, Shinsegae and Saramin) is set to sign on Thursday to buy 520 billion won ($388 million) of new shares in debt-strapped JoongAng Ilbo, making it the largest shareholder. The publisher is in a debt workout led by Hana Bank, and the consortium has pledged to retain all employees without layoffs and to guarantee press freedom and editorial independence.