Foxconn eyeing other parts of China: Exec

2010-07-08 10:00:30

A senior executive of Foxconn on Wednesday said the firm has plans to shift some production lines out of Shenzhen to tap more business opportunities on the mainland and save on production costs.

Bright Food fails in bid for Sydney-based CSR

2010-07-07 10:12:07

Shanghai-based Bright Food Group, China's largest food company, is still gung ho on exploring overseas acquisitions despite its failed bid for Sydney-based CSR Ltd, the world's leading sugar producer.

Natural Dairy seeks approval to buy NZ farms

2010-07-06 13:50:22

Natural Dairy (NZ) Holdings Ltd, a Chinese company that wants to buy farms in New Zealand, has lodged an application with foreign investment regulators for approval to buy properties known as the Crafar farms.

TNT enhances lead on Sino-Europe shipping

2010-07-06 13:18:14

TNT, a leading global international express company, on July 5 announced the expansion of its delivery capabilities between China and Europe with the addition of a dedicated B747 freighter service between Shanghai and its European air hub, Liege, Belgium.

Chalco extends deadline for private placement

2010-07-06 10:54:04

Aluminum Corp of China Ltd, China's largest maker of the metal, will seek bank loans after an equity market decline forced it to delay share sale plans.

Rebecca's hair-raising success

2010-07-06 10:03:28

Rebecca expects sales in Africa to rise by 30%, thanks to soccer fans' enthusiasm for wearing wigs when cheering their teams.

Taiyuan Steel in talks to buy Zhongyu

2010-07-06 09:23:50

China's largest stainless steelmaker, Taiyuan Iron & Steel Group, hopes to finalize details of a planned acquisition of Zhongyu Iron & Steel Group by early September, said a source familiar with the deal.

China Metal Recycling to step up acquisitions

2010-07-05 15:29:23

China Metal Recycling Holdings Ltd, the nation's biggest scrap metal recycler, plans to step up domestic acquisitions as the global economic recovery reduces supplies from overseas.

Lenovo says Apple losing out in China

2010-07-05 15:24:41

Apple is missing out on an opportunity to further expand in China, the Financial Times reported late on Sunday, citing Lenovo's Chairman Liu Chuanzhi.

Wilmar to buy CSR's sugar division for $1.5b

2010-07-05 13:55:22

Wilmar International Ltd, the world's largest palm oil trader, agreed to buy CSR Ltd's sugar unit for A$1.75 billion ($1.5 billion), beating China's Bright Food Group Co's bid for Australia's biggest refiner.

Gome: agreement on Haier products may generate $7.4b in sales

2010-07-02 17:13:58

Gome Electrical Appliances Holding Ltd, China's second-biggest electronics retailer by market value, will sell Haier Group products in a deal it says may generate 50 billion yuan ($7.4 billion) in sales over three years.

Valin to set up joint ventures with Mittal

2010-07-02 17:07:56

China Hunan Valin Iron and Steel Group has won approval to set up two joint ventures with Arcelor Mittal, the world's largest steelmaker, the 21st Century Business Herald reported Thursday.