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Tag Archives: million

Vinamilk acquires US dairy company in $10 million investment

Vinamilk, Vietnam’s biggest dairy company, has taken over California-based Driftwood Dairy Holding Corporation after buying the company’s remaining stake of 30 percent for US$ 3 million, according to a press release on Monday. The acquisition came more than two years after the giant bought a stake of 70 percent in ...

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Takata Airbag Recall Is Said to Grow by 35 Million

Regulators are expected to announce as early as Wednesday that at least 35 million additional airbags made by Takata will need to be fixed, according to a person briefed on the matter. This would more than double what is already the largest automotive recall in American history. The airbags can ...

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Hackers’ $81 Million Sneak Attack on World Banking

Tens of millions of dollars siphoned from the Federal Reserve Bank of New York. A shadowy set of casinos in the Philippines. A large bank in Bangladesh with creaky technology. An unknown — and perhaps uncatchable — group of anonymous thieves with sophisticated hacking skills. What unites this curious cast ...

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Fossil of ‘early spider’ discovered; 305 million years old

A team of researchers has discovered the fossil of a 305-million-year-old arachnid, which will help scientists to understand more about the early origins of modern-day spiders. The new species, named Idmonarachne brasieri in honour of Professor Martin Brasier, University of Oxford, who passed away in December 2014, was found in ...

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Vietnam's textile exporter raises nearly $6.9 million in IPO

State-controlled Gia Dinh Textile and Garment Company has sold more than 15 million shares, equivalent to a stake 24.28 percent, for over VND155.8 billion (US$ 6.89 million) in an initial public offering. No foreign investors bid in the IPO that was oversubscribed nearly three times at Ho Chi Minh City ...

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Vietnam's meat producer Vissan raises over $40 million in IPO

State-controlled meat processor Vissan raised nearly VND907 billion (US$ 40.1 million) after selling a 14 percent stake at its initial public offering on Monday, local media has reported. The company sold its shares for VND102,000-67,000 ($ 4.5-2.9) each, compared to the starting price of VND17,000 a share. Foreign investors bought ...

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