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This does not affect the engine’s performance and there have been no reports of accidents because of this particular issue, the automaker added. Earlier this year, the cold-climate engine issue prompted the Tokyo-headquartered automaker to recall 130,000 of its popular CR-V SUV models and 294,500 Civic cars in China. The company is currently studying to see if the same issue is affecting the Honda Jade car and the UR-V crossover SUV, Honda spokesman Zhu Linjie said. “If it is so determined that these models are also being affected by the same engine issue, Honda will announce measures to deal with it,” Zhu told Reuters.
HANOI (Reuters) - A court in Vietnam handed lengthy prison terms on Monday to several former bankers accused of mismanagement, amid a crackdown on corruption in the communist-ruled country, In the early 2010s, Vietnam’s banking system was rocked by a string of mismanagement scandals black panther cufflinks and tie bar gift set and under-regulated lending, and is still reeling from nonperforming loans, Pham Cong Danh, former chairman of Vietnam Construction Bank, privately owned until a central bank takeover, received a 20-year prison sentence, while its former chief executive, Phan Thanh Mai, got 10 years, the Ministry of Public Security said..
They were convicted of “deliberate violation of state regulations on economic management, causing serious consequences” at the end of a two-week trial by a court in Ho Chi Minh City, the ministry said on its official website. “The violations of Danh and his accomplices caused damage of 6.1 trillion dong to the Vietnam Construction Bank, leaving adverse impacts on the banking system,” the VnExpress online newspaper cited the jury as saying. The figure is equivalent to nearly $262 million.
The court also sentenced Tram Be, former deputy chairman of Saigon Thuong Tin Commercial Joint Stock Bank, to four years in prison on the same charges, police said in the statement, Terms ranging from two years of probation to 10 years in black panther cufflinks and tie bar gift set prison were also handed to 43 accomplices, it added, Danh, 53, was sentenced in 2016 to 30 years in prison in a separate trial, accused of illegally withdrawing more than $400 million from the bank, Authorities have since stepped up their graft crackdown, leading to the arrests of dozens of high-profile business figures and officials..
TOKYO (Reuters) - Japanese gaming group Universal Entertainment Corp (6425.T) said on Monday its former chairman Kazuo Okada was arrested in Hong Kong by the territory’s Independent Commission Against Corruption in relation to multiple corruption-related offences. Okada is on bail, said the company, which makes pin-ball style “pachinko” machines and operates a casino in the Philippines. The Japanese billionaire lost his board position at Universal last year after it accused him of misappropriating $20 million. Okada has previously denied this. He was also ousted as a director of Hong Kong investment company Okada Holdings, which controls Universal.
BEIJING (Reuters) - Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO), Didi’s services business, which includes auto leasing, car maintenance and gas station services, has gross merchandise value (GMV) sales of 60 billion yuan black panther cufflinks and tie bar gift set ($8.79 billion), the company added, The unit will be consolidated under new business Xiaoju Automobile Solutions Co., it said..
“Building on our service to 30 million Didi drivers, we will strive to develop a leading one-stop auto solutions platform capable of winning the highest trust of car users,” said Kevin Chen, who heads Xiaoju. The decision comes as Didi is preparing for a blockbuster IPO, which could happen as early as next year, according to people familiar with the plans. However, the Chinese ride-hailing giant has not yet confirmed plans for the listing. A Didi IPO would be one of the biggest of recent years given the company’s $56 billion valuation at its last fundraising round in 2017.
Last month, sources told Reuters that Didi’s car services unit is worth about $2 billion-$3 billion, and that there are plans to spin it off from Didi’s main business before a potential black panther cufflinks and tie bar gift set listing, The company started offering auto services in 2015, but it launched a platform that unified the services in April this year, Didi expects Xiaoju’s annualised sales to exceed 90 billion yuan ($13.17 billion) by the end of 2018, and it is currently operating in 257 cities with roughly 7,500 partners and distributors..
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