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China's Irico Display to raise 6b yuan to boost output

SHANGHAI - China's Irico Display said on Wednesday it plans to raise 6 billion yuan ($917.5 million) in a private placement to increase its production of liquid crystal display panels (LCD) and high-tech light-emitting diodes (LED). Irico plans to issue no more than 430 million ...

Suntech and Peak International win UN green-energy contract

An employee checks solar power panels. China's largest solar panel maker Suntech Power Holdings Co Ltd and a Tianjin-based trading company have won an $81 million contract from the United Nations. [Photo / Bloomberg] TIANJIN - Suntech Power Holdings Co Ltd, China's largest solar ...

Bright Food to renew efforts for overseas asset purchases

Boxes of Bright Food Group Co's dairy drink at a supermarket in Shanghai. The company will target its overseas acquisitions in the sugar, milk and alcoholic beverage sectors. [Photo / Bloomberg] SHANGHAI - Bright Food (Group) Co Ltd will continue to explore buying assets overseas...

Thai 7-Eleven operator mulls China stores

A 7-Eleven convenience store in Bangkok. CP All Pcl, the Thai 7-Eleven convenience-store operator, has boosted its profit almost fivefold in the last three years. [Photo / Bloomberg] BANGKOK - CP All Pcl, the Thai 7-Eleven convenience-store operator controlled by billionaire ...

Beauty Crown launches another global competition

BEAUTY CROWN where Miss World is crowned, now launches another global competition. Beauty Crown Exhibition Centre, the landmark of Sanya city, Hainan province of China, has witnessed crowning of 5 Miss World. On the same venue, a group of architectural buildings are now under ...

Lacoste reboots image with touch of youth

Models in bright green pants and pink polo shirts played a table soccer game at the Lacoste L!ve booth, at the Novomania International Fashion Trade Show, to introduce the company's new line of products. It was here that Frank Cancelloni, Asia-Pacific CEO for Lacoste Fashion, ...

Report: Work on Disney park will start on Friday

A salesperson displays a Mickey Mouse toy at a Disney-themed store at Hongqiao International Airport in Shanghai. [Photo / China Daily] Shanghai - The construction of Walt Disney Co's new theme park and resort in Shanghai will start on Friday, the Wall Street Journal has reported...

Gc watches shows off 'smart luxury'

Swiss watchmaker Gc Watches recently opened its first boutique store in China at Beijing's luxury Oriental Plaza Shopping Mall. The opening ceremony lit up when mainland actress Xu Jinglei and Hong Kong actor Moses Chan showed up. Xu wore a snow-white timepiece, with mother-of...

Hyundai Heavy sets up R&D center in Shanghai

SEOUL - Hyundai Heavy Industries has set up a research center in Shanghai in a bid to develop strategic products in the long run, the South Korea's top shipbuilder said Monday. The new research center will focus on developing global strategic products such as smart-grid, offshore ...

Nearly half of China's dairy firms fail to get new licenses

BEIJING - Nearly half of China's existing 1,176 dairy producers have failed to obtain new production licenses amid the government's efforts to shore up the scandal-tainted milk industry, China's top quality supervisor said Saturday. Only 643 dairy producing companies, or about 55 ...

China Bright Food plans $916m raising

HONG KONG - China's Bright Food Group Co plans to raise up to 6 billion yuan ($916 million) as early as this year by selling bonds and listing a unit, a company spokesman said on Saturday, confirimg an earlier Bloomberg report. Bright Food is planning an initial public offering ...

LDK Solar buys into US firm

Chinese solar energy giant LDK Solar Co announced Friday that the company aquired 70 percent interest in US-based Solar Power Inc (SPI) for approximately $33 million. New York-listed LDK Solar had paid an initial $10 million in January, and the remaining $23 million was paid ...

16 suspects charged in pork scandal

Wan Long, board chairman of Shuanghui Group, apologizes at a meeting on Thursday to consumers for a tainted pork scandal.[Photo / China Daily] BEIJING - China's top prosecution body has filed charges of breach of duty against 16 government officials implicated in a tainted pork ...

Mengniu may consider price rises

HONG KONG - China Mengniu Dairy Co Ltd, China's top dairy products maker by sales volume and value, aims to maintain its current profit margin but will consider increasing prices if its margin falls short of an internal target, its CFO said on Friday. Chief Financial Officer Wu ...

China's 360buy raises $1.5b

SHANGHAI - China's largest business-to-consumer website 360buy.com said on Friday it has raised a whopping $1.5 billion from a diverse group of investors in its latest round of financing, in preparation for an initial public offering in 2013. 360buy's latest fundraising comes at ...

Zijin Mining eyes M&A opportunities abroad

Chinese firm expresses continuing interest in Australia's Indophil SHANGHAI - The Chinese gold and copper miner Zijin Mining Group Co Ltd has not lost interest in the Australian miner Indophil Resources NL and is closely watching takeover developments, the company said on Friday. ...

87 IPO firms raise 96b yuan in Q1

In the first quarter of this year, 87 companies launched on Chinese mainland's A-share market through initial public offerings (IPO) and raised 96 billion yuan, the China Securities Journal reported Friday. Their total capital raised was 10 percent less than the 107 billion yuan ...

Chinese, US steel firms open joint venture

HOUSTON - Jinhuan steel, a leading private steel manufacturing company based in China's Hebei province, and Rigid Building Systems, a Houston-based steel building company, officially opened their joint-venture Rigid Global Buildings on Friday. Jinhuan Steel invested about $11 ...

Unilever China to delay price hike

Unilever, the world's second-largest consumer-goods maker, will postpone price increases previously scheduled to begin Friday, Bloomberg reported. Unilever China made the decision per request of the National Development and Reform Commission, Chinanews.com reported citing the ...

Baosteel 'optimistic' about 2011 prices

BEIJING - China's Baoshan Iron and Steel Corp, the country's biggest listed producer, said it remained positive about the direction of steel prices in 2011 even in the face of a weakening market. "We are cautiously optimistic about steel product prices this year," said Chen Ying, ...
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