China Unicom issues $1.8b in convertible bonds

2010-09-28 10:42:44

China Unicom, China's No 2 telecom carrier said on Tuesday it has sold $1.8 billion in convertible bonds.

Spring Airlines gears up to challenge peers on key route

2010-09-28 09:58:21

Spring Airlines, China's only low-cost carrier, starts Shanghai-Hong Kong services on Tuesday, challenging China Eastern Airlines Corp and Cathay Pacific Airways Ltd on flights between the nation's two financial hubs.

Bright Food eyes UK's United Biscuits

2010-09-28 09:40:33

Bright Food Group Co, Shanghai's biggest food and dairy company, is in discussions for a possible acquisition of the United Kingdom's United Biscuits from Blackstone Group and PAI Partners.

Banned drug found in hair care products

2010-09-23 11:02:01

A local drug watchdog has launched an investigation into a hair care company in Zhejiang province after its products for the Singapore and Hong Kong markets were found to contain a banned chemical, Xinhua News Agency reported on Wednesday.

COFCO buys Chilean vineyard for $18m

2010-09-21 16:51:08

COFCO Wine & Spirits, the wine unit of the state-owned food company COFCO, recently sealed the acquisition of Chilean winery Biscottes for US$18 million, marking its first ever overseas purchase.

Shangang cuts price of its steel products

2010-09-21 16:33:51

Chinese steel maker Shandong Shangang Group cut the price of its deformed steel bars by 100 yuan per ton on Sept 21, the first State-owned steel mill to lower its product price in September, the National Business Daily reported Tuesday.

China Merchants Bank appoints new chairman

2010-09-21 15:58:05

China Merchants Bank Co announced on Tuesday that former chairman Qin Xiao has retired from his position and Fu Yuning was appointed new chairman of the bank according to the board’s decision, the National Business Daily reported Tuesday.

Champion Deng Yaping preside over search engine by People's Daily

2010-09-21 15:41:33

Beijing - Table tennis legend Deng Yaping will soon be adding to her rich experience by taking a further step in her political career.

PE firms to invest in SouFun

2010-09-21 15:13:44

Private equity (PE) firms General Atlantic LLC and Apax Partners each agreed to invest in SouFun Holdings Ltd for $163 million to acquire a 19 percent stake in SouFun at its initial public offering (IPO) price, Caijing.com.cn reported Tuesday.

Gome spat makes Chinese business cautious about foreign investment

2010-09-21 14:06:39

The recent row between jailed ex-chairman Huang Guangyu of Gome Electrical Appliances Holding Ltd and its current chairman, Chen Xiao, over control of the retail empire might push the foreign institutional investors and China's professional managers in a corner.

Company ordered to rectify problems about problematic products

2010-09-19 14:25:13

A hair care company based in east China's Zhejiang Province has been ordered to rectify problems caused to businesses following investigations which confirm its "certain" products for Singapore and Hong Kong markets contained a banned chemical.

Alibaba moves on from stake buyback plan

2010-09-19 11:41:39

China's online trading giant Alibaba Group Holding Ltd, said it has moved on since the failed talks on buying back shares held by Yahoo! Inc, Bloomberg reported Sunday.