THANH NIEN — Jetstar Pacific said it will suspend Hanoi-Cantho flightsfrom June 1. THOI BAO KINH TE VIETNAM — Bao Minh Securities will advise on the issue next month ofa corporate bond through which Vietnam Building and MechanicalServices Co is expected to raise 100 billion dong, the issuingcompany said. The three-year debt will carry a fixed annualcoupon of 12 percent. DAU TU — The number of foreign visitors to Vietnam between Januaryin May fell an estimated 20 percent from the same period lastyear to 1.6 million, the Planning and Investment Ministry said (Reporting by Hanoi Newsroom). * Fund to buy 31.7 pct of BC Card from two banks – source Private Capital | South Korea * Fund plans to up stake in BC Card to above 50 pct -report (Recasts with regulator comment, background) SEOUL, May 27 (Reuters) – A South Korean buyout firm is setto buy 31.7 percent of a credit card processing company fromtwo banks, including a unit of Standard Chartered (STAN.L), foran undisclosed sum, a regulatory official said on Wednesday.
Vogo Fund has agreed to acquire shares in BC Card from HanaBank, a unit of Hana Financial Group (086790.KS), and SC FirstBank, a unit of Standard Chartered (2888.HK), a seniorFinancial Supervisory Service official said, confirming mediareports. The official, who did not want to be named because the dealwas not officially announced yet, said the investment fundwould likely conduct due-diligence on BC Card before sealing afinal deal. The Korea Economic Daily cited unidentified financialauthorities as saying that Vogo was planning to raise itsownership of BC Card to above 50 percent. BC Card was set up by banks in 1982 to share credit cardprocessing systems and is now jointly owned by them. In 2006, Vogo signed a memorandum of understanding to buy59 percent of BC Card from Hana Bank and the banking units ofShinhan Financial Group (055550.KS) and Woori Finance Holdings(053000.KS) for an estimated 200 billion won ($159 million).
But the deal was delayed by legal issues involving the headof Vogo Fund, Byeon Yangho, a former finance ministry official. Vogo and SC First Bank could not immediately be reached forcomment Hana Bank declined to comment. The deal comes as local lenders are moving to bolster theirown-brand credit card businesses. Selling stakes in BC Cardwould mean some banks would have to set up their own cardprocessing networks.
Hana Bank is also in negotiations to sell a stake in itscredit card unit to be launched this year to SK Telecom(017670.KS), South Korea’s top mobile carrier. [ID:nSEO81001] Shares in Hana Financial rose 0.74 percent to 27,350 won by0102 GMT, in line with the wider market’s0.55 percentgain. ($1=1260.0 Won)(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner andMuralikumar Anantharaman) Private Capital South Korea. Microsoft Announces the Expansion of the Zune Entertainment Service to NewPlatform and Markets; Confirms New Zune HD Portable Media PlayerPremium Zune digital entertainment service to be available internationally onXbox LIVE.REDMOND, Wash., May 26 /PRNewswire-FirstCall/ — Microsoft Corp. todayannounced the evolution of Zune, the company’s end-to-end music andentertainment service, to a new platform and new markets. Zune will extend itsvideo service to Xbox LIVE internationally this fall. This marks an importantdevelopment in the Zune strategy and brings the Zune brand to more than 17million international Xbox LIVE subscribers.
In addition, Microsoft confirmedthe next generation of the Zune portable media player, Zune HD Available inthe U.S. this fall, Zune HD is the first portable media player that combines abuilt-in HD Radio receiver, high-definition (HD) video output capabilities,organic light-emitting diode (OLED) touch screen, Wi-Fi and an Internetbrowser.(Photo: http://)(Logo: http://)”The Zune music player is an integral part of the overall Zune experience, andwe’re proud to be growing and extending our offering beyond the device,” saidEnrique Rodriguez, corporate vice president of the Microsoft TV, Video andMusic Business Group. “Delivering on Microsoft’s connected entertainmentvision, this news marks a turning point for Zune as it brings cross-platformexperiences and premium video content to living rooms around the world.”Zune Service Expands to New PlatformZune will be a premium partner in the Xbox LIVE Video Marketplace, bringing anexciting catalog of TV and film to the platform. Zune will occupy the firstslot within the Xbox user interface in the Xbox LIVE Video Marketplace,exposing the Zune brand experience to millions of new consumers for the firsttime. At the Electronic Entertainment Expo (E3) next week, attendees will seefirsthand how Zune integrates into Xbox LIVE to create a game-changingentertainment experience.Introducing Zune HDZune HD is the next iteration of the Zune device family and brings a new levelof listening and viewing experiences to the portable media player category.–Zune HD comes with a built-in HD Radio receiver so users can listen tohigher-quality sound than traditional radio on the go.
