New steel firm melting pot of consolidation
2010-02-25 09:41:32
Jinan Iron and Steel Co Ltd (Jigang) will acquire Laiwu Steel Corporation (Laigang) through a share swap, paving the way for the backdoor listing of their controlling shareholder Shandong Iron and Steel Group Co Ltd (Shangang).
CREC shares peak on order wins
2010-02-25 09:05:41
Shares of China Railway Erju Co Ltd (CREC), a subsidiary of State-owned China Railway Group Ltd, surged 8.64 percent yesterday to 11.69 yuan after the company said it won four construction projects worth 10.9 billion yuan.
WuXi aims to beat rivals on price
2010-02-24 10:57:33
WuXi PharmaTech, a Chinese drug-research company that provides scientists-for-hire to conduct research and development (R&D), hopes to become a global player in the next five to 10 years, a corporate executive said yesterday.
Diageo may take sip of Swellfun
2010-02-24 10:09:42
Diageo, the world's leading premium drink provider, may soon purchase Sichuan Swellfun Co Ltd, a premium Chinese liquor producer by snapping up additional shares in parent company Sichuan Quanxing Group, analysts said yesterday.
Tengzhong mulls new Hummer strategy
2010-02-24 09:48:06
Tengzhong could use an offshore vehicle to buy General Motor's (GM) Hummer brand if it fails to win Chinese regulatory approval for the ambitious but controversial plan that has met with cooling government appetite.
China Southern gets govt cash boost
2010-02-24 09:03:03
Shares in China Southern Airlines were suspended yesterday on the Shanghai and Hong Kong bourses after the carrier said it is yet to decide how to use the 1.5 billion yuan cash injection received from the government.
Profit slowdown hits Parkson
2010-02-23 10:17:19
Parkson Retail Group Ltd fell in Hong Kong trading, reversing earlier gains, after the Beijing-based department store chain posted the slowest profit growth in at least six years.
CITIC mulls CLSA stake to drive overseas expansion
2010-02-23 10:06:06
CITIC Securities, the largest mainland brokerage by assets, is in talks to acquire a minority stake in Hong Kong-based brokerage CLSA Asia-Pacific Markets in a bid to expand business overseas.
BoCom set to raise funds via rights issue
2010-02-23 09:26:59
Bank of Communications (BoCom), China's fourth largest lender by market value, is likely to raise up to 30 billion yuan through a rights offering in Hong Kong and Shanghai to replenish its capital base, people with knowledge of the matter said yesterday.
China Southern Airlines likely to receive 1.5b yuan
2010-02-23 09:22:19
China Southern Airlines, the country's largest carrier, said late Monday that it was likely to receive 1.5 billion yuan ($219 million) as capital injection from its parent company.
China's shining light in the energy challenge
2010-02-22 11:11:06
The modest and quietly spoken chairman and CEO of LDK Solar, one of China's leading solar energy companies, insists sun power will eclipse coal, gas and oil in the 22nd century.
China Telecom joins GSM Association
2010-02-17 14:02:23
The GSM Association (GSMA), an organization representing the interests of the worldwide mobile communications industry, announced Monday that China Telecom, KDDI and Verizon Wireless have joined the organization after committing to deploy services based on Long-Term Evolution (LTE).