Infinio Group (Infinio) is looking to acquire Ephraim Resources for $381.8m in a reverse takeover (RTO) deal, which will see the vendors eventually owning 93.2% of Infinio. Shanghai Asia Holdings’ (Shanghai Asia) chief financial officer and executive director Tung Kum Hon has decided to step down. Golden Agri Resources’ (Golden Agri) unit Sinar Mas Agro Resources and Technology (Smart) has announced plans to invest up to Rp9t until 2015 to make downstream products.
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