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BUSINESS
March 31, 1989 | JAMES F. PELTZ, Times Staff Writer
The federal government sued a small Los Angeles investment firm Thursday, alleging that the firm misled the public a year ago by falsely saying it had made a "firm offer" to buy Superior Industries International Inc. in Van Nuys. The Securities and Exchange Commission filed the civil suit in federal court in Los Angeles against privately held Rana Research Inc., which does business as Vista Group Ltd., and its president, Vipin Sahgal. Vista specializes in arranging mergers and acquisitions.
BUSINESS
February 10, 1988 | JAMES F. PELTZ and JAMES BATES, Times Staff Writers
An unsolicited takeover bid for Superior Industries International gave way to widespread confusion Tuesday when one of the purported suitors, Prudential-Bache Securities, said it was not involved in the $93-million offer. Vista Group Ltd., an investment firm in Century City, issued a press release Monday night saying that it and Prudential-Bache had jointly made "a firm offer" to buy Superior for $16 a share. The bid was made in a letter to Superior Chairman Louis L. Borick.
BUSINESS
March 31, 1989 | JAMES F. PELTZ, Times Staff Writer
The federal government sued a small Los Angeles investment firm Thursday, alleging that the firm misled the public a year ago by falsely saying it had made a "firm offer" to buy Superior Industries International Inc. in Van Nuys. The Securities and Exchange Commission filed the civil suit in federal court in Los Angeles against privately held Rana Research Inc., which does business as Vista Group Ltd., and its president, Vipin Sahgal. Vista specializes in arranging mergers and acquisitions.
BUSINESS
May 5, 1995
Largo Vista Group, Ltd. said Thursday it has agreed to sell its interest in a Chinese telecommunications company for $5.15 million. The buyer, East-West Equity Bridge Ltd., is an investment fund based in Houston, Texas. Largo Vista, a Newport Beach development company, said it remains involved in other home construction and telecommunications projects in China.
BUSINESS
November 10, 1994 | Debora Vrana, Times staff writer
Homes for Chinese: Largo Vista Group, Ltd., a Newport Beach maker of manufactured homes, said it has signed a deal to export its houses to China. Models are scheduled to be shipped this week from the Port of Long Beach to Shenzhen, China, 30 miles from Hong Kong. The models will be erected in China for viewing by potential buyers. The population of Shenzhen, China's largest "Special Economic Zone," has grown from 40,000 to 4 million in the past 10 years--creating a severe housing shortage.
BUSINESS
May 13, 1997 | Melinda Fulmer
Largo Vista Group Ltd. said Monday that it had completed a previously announced merger with a Chinese liquid petroleum gas retailer, Kunming Xinmao Industrial Petrochemical Co. The complex stock deal is expected to give Largo Vista, a small real estate firm traded over the counter, a steady stream of revenue from Xinmao's sales of gas for residential heating. It gives Xinmao a 70% stake in Largo Vista and access to the U.S. stock market through Largo Vista's public status.
BUSINESS
February 10, 1988 | JAMES F. PELTZ and JAMES BATES, Times Staff Writers
An unsolicited takeover bid for Superior Industries International gave way to widespread confusion Tuesday when one of the purported suitors, Prudential-Bache Securities, said it was not involved in the $93-million offer. Vista Group Ltd., an investment firm in Century City, issued a press release Monday night saying that it and Prudential-Bache had jointly made "a firm offer" to buy Superior for $16 a share. The bid was made in a letter to Superior Chairman Louis L. Borick.
BUSINESS
July 30, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
Like many Orange County developers, John A. Jones has visions of wooded hillsides covered in ranch-style homes. The difference is that Jones' vision doesn't stop at Temecula or Rancho Santa Margarita or any of the Southland's new edge cities. The hillsides he sees are near the Chinese free enterprise zone of Shenzhen, China--just north of the Hong Kong border. And Jones isn't a builder, he's an exporter. His company, Largo Vista Group Ltd.
BUSINESS
September 11, 1990 | JAMES F. PELTZ, TIMES STAFF WRITER
On the morning of Feb. 8, 1988, the American Stock Exchange would not let trading begin in the stock of Superior Industries International Inc. Why? There was important news for investors to evaluate first. A press release had been issued early that morning announcing that a "firm offer" to buy Superior had been made by Vista Group, a little-known Los Angeles investment firm, and the giant brokerage Prudential-Bache Securities Inc. The offer: $16 a share, or $93 million total.
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