China Southern to join SkyTeam

2010-06-03 08:51:48

China Southern Airlines is set to join Sky Team Cargo next Tuesday to help strengthen its competitiveness in the industry, a company source said.

Chinese firms buy Canadian copper mine

2010-06-02 11:58:14

China Railway Construction Corp and Tongling Nonferrous Metals Group Holdings have completed a $679 million acquisition of Canadian Corriente Resources Inc in China's second-largest overseas copper mine takeover.

China North Industries to gobble up XCMG

2010-06-02 10:35:01

XCMG Construction Machinery Co Ltd, China's largest construction machinery maker, confirmed on Tuesday that China North Industries Group Corp will take over the company, according to an XCMG official.

PetroChina to spend $1.5b on coal methane capacity

2010-06-02 10:26:22

PetroChina will invest more 10 billion yuan ($1.46 billion) in coming years to build 4.5 billion cubic meters of coal seam gas production capacity in China, a company official said.

CITIC Securities to sell 53% stake in China Securities

2010-06-02 09:47:00

China's CITIC Securities Co said on Wednesday it plans to sell a 53 percent stake in China Securities Co, one of its brokerage units, for 8.6 billion yuan ($1.26 billion).

China Guodian, Myanmar sign initial hydro, coal power agreement

2010-06-01 17:49:53

China Guodian Corp signed an initial agreement on May 27 to build hydro and coal-fired power plants in Myanmar, the company said in a statement on its website today.  

Ansteel intends to merge Baogang

2010-06-01 17:07:21

Anshan Iron and Steel Group (Ansteel) has expressed its intention to bring Baogang Group under its fold, after Baosteel Group Corp ended its talk with Baogang Group in April, according to media reports.

PetroChina to earn $2.7b from gas price hike

2010-06-01 16:35:00

PetroChina Co, the country's biggest oil and gas producer, with an 80 percent share of the domestic natural gas market, was expected to earn over 18.4 billion yuan ($2.70 billion) as the prices of natural gas climbed up 25 percent Tuesday, according to media reports.

Huawei hires ex US official as adviser

2010-06-01 15:37:32

Chinese telecommunications equipment maker Huawei is reported to have hired an ex official from the Bush administration as its adviser, in a bid to make inroads into the US market.

Baosteel merger talks with Baotou Steel collapse

2010-06-01 14:25:03

Merger talks between leading Chinese steel mill Baosteel and the Baotou Iron and Steel Group of Inner Mongolia have collapsed after four years of negotiations, the 21st Century Business Herald said on Tuesday.

Lenovo's parent eyes HK list

2010-05-31 16:33:09

Legend Holdings, parent of the world's No 4 PC maker Lenovo Group, plans to seek a Hong Kong listing in the next five to seven years, the South China Morning Post reported today, citing chairman Liu Chuanzhi.

Goldwind in $1.2b HK IPO: sources

2010-05-31 14:46:29

Goldwind, which is already listed on the mainland's Shenzhen stock exchange, would offer 395.29 million shares, or 15 percent of its enlarged share capital, with an indicative price range of between HK$19.80 ($2.54) and HK$23, the sources said today.