Emulex Corp, the US computer network provider, will mop up the remaining shares in New Zealand-based, London AIM exchange-listed Endace after crossing the threshold to enforce compulsory acquisition in its fourth extension to the offer. The New York Stock Exchange-listed Emulex has received 99.9 percent of acceptances as at March 28 for some 76 million British pounds, or US$119.8 million, …

Yashili International Holdings, which makes and distributes infant milk formula products in China, has got Overseas Investment Office approval for its proposed 1.1 billion yuan ($212 million) milk processing plant in Pokeno. The company has three years to build the plant before its consent lapses, which will also impose “certain ongoing reporting responsibilities on Yashili New Zealand,” chairman Zhang Lidian …

Even before the Tiwai Point aluminium smelter opened in 1972, it was the subject of the same controversy now playing out. Right from the word go, governments have capitulated to hard-ball Aussie corporates – first Comalco, now Rio Tinto – who only ever invested in converting Aussie bauxite to metal because we promised them cheap electricity. That power is nominally …