Real Gold Mining to acquire two companies
2010-05-14 11:03:40
China's Real Gold Mining Limited (Real Gold), an investment holding company, said it would acquire 100 percent equity interest in Great Future and Yuanyi Mining through its subsidiaries.
Cnooc, Sinochem said to bid on Statoil Brazil field
2010-05-14 09:46:11
Cnooc Ltd, China's biggest offshore energy explorer, and Sinochem Group may separately bid as much as $3 billion for a 40 percent stake in a Brazilian oil field owned by Norway's Statoil ASA, two people with knowledge of the companies' plans said.
Gome to bring back Bain officials
2010-05-13 13:12:24
Gome Electrical Appliances Holdings Ltd, whose founder Huang Guangyu faces bribery charges, reappointed three officials of bondholder Bain Capital LLC to its board after shareholders voted them out, avoiding a penalty payment to Bain.
China Hydroelectric buys power projects in Yunnan
2010-05-13 11:14:05
China Hydroelectric Corp said Wednesday it signed agreements to buy a portion of the Minrui power projects in China's Yunnan province for $60.8 million.
Work on Tianjin crude reserve base starts
2010-05-13 09:07:24
Oil refiner Sinopec has started work on a commercial crude reserve base with a capacity of 3.2 million cubic meters in Tianjin, in line with the nation's plan to build more reserves for energy security.
Gome re-installs ousted Bain directors
2010-05-12 16:28:03
The board of directors at China electronics retailer Gome said it had re-appointed three members of Bain Capital to the board after shareholders said to be affiliated with the company's founder voted against their re-election.
Zijin says China, Congo will probably approve deal
2010-05-12 15:45:33
Zijin Mining Group Co said the governments of the Democratic Republic of Congo and China will probably approve its joint $284 million bid to buy copper mine developer Platmin Congo once a "misunderstanding" is resolved.
China Mobile taking steps to speed up local listing
2010-05-12 15:23:57
China Mobile Ltd, the world's biggest phone carrier by market value, is taking steps to speed up the listing of its shares in the domestic market, Chairman Wang Jianzhou said.
China Mobile wins approval for Taiwan subsidiary
2010-05-12 15:09:48
China Mobile, the mainland's biggest mobile network operator, has won approval to set up a subsidiary in Taiwan, the PCWorld reported on Tuesday.
Melco likely to cap 8-year bond yields at 10.5 percent
2010-05-12 11:23:53
Casino operator Melco Crown Entertainment has indicated pricing terms for a $600 million bond sale, a source said on Tuesday, the first sign of confidence that regional credit markets are overcoming jitters about the debt crisis in Europe.
Lenovo predicts smartphone sales will surpass 1m
2010-05-12 10:02:13
Chinese computer maker Lenovo said it expects to sell more than 1 million of its LePhone smartphones nationwide over the next 12 months.
Sinopec building oil reserve in Tianjin
2010-05-11 22:57:45
Sinopec, China's second-largest oil company, has begun construction of a commercial crude oil reserve base with a storage capacity of 3.2 million cubic meters in north China.