SYDNEY--7 Apr--AsiaNet/InfoQuest STAKE ACQUISITION... NEW YORK: CIT Group Inc., a leading provider of commercial and consumer finance solutions, Thursday announced its Vendor Finance division has acquired the remaining 45% ownership stake in its joint venture with two Chinese companies, which was established in 1998. http://www.cit.com CORPORATE SETTLEMENT ... WILMINGTON, Del.: Three weeks before a scheduled trial was to have begun in Delaware Chancery Court, a group of international institutional investors has settled its lawsuit against News Corporation over the company's extension of an anti-takeover poison pill provision. http://www.gelaw.com CHIP FORECAST... EL SEGUNDO, Calif.: Improving conditions in the memory market have cast a more positive light on the semiconductor industry's outlook for 2006, prompting iSuppli Corp. to upgrade its chip revenue forecast mildly for this year. http://www.isuppli.com/news/default.asp?id=5658 http://www.isuppli.com NEW PRODUCT... OR-YEHUDA: Do-Coop Technologies Ltd., a privately held corporation based in Israel, Thursday announced the commercial availability of Neowater - Solubilization Enhancer, a new product that enables or increases the solubility of hydrophobic, insoluble molecules and drugs. REED EXPANDS... WESTMINSTER, Colo.: Reed Group Ltd., the industry leader in providing disability and absence management information services to international organizations, Thursday announced the formation of Reed Group Asia Pacific. http://www.rgl.net/ap http://www.rgl.net ACQUISITION AGREEMENT... MELBOURNE: Australian business process information management company, Value Chain, has entered into an agreement to acquire Digital Publishing Solutions Pte Ltd. (DPS), a wholly owned subsidiary of Singaporean software development and IT services group, 1st Software Corporation (SGX: iSoftel). www.value-chain.biz www.dpsl.net ACQUISITION NOTICE... LOS ANGELES: Starwin Media Holdings Inc. on April 6, 2006 issued a notice stating that Qin Hui of Strategic MediaInternational Limited (SMI) has agreed to surrender the management rights to Starwin Media Holdings and the present directors of Stellar Mega Union and its subsidiaries including the group of companies shall resign and surrender office to Starwin Media Holdings with board controlling interests (AsiaNet is a consortium of leading news agencies distributing unedited, translated news releases for worldwide clients. Visit www.asianetnews.net for full-text versions. )