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Privately owned aluminum firm seeks $900m IPO

HONG KONG - China Hongqiao Group Ltd, the country's largest privately owned aluminum producer, is seeking to raise about $900 million in a renewed bid to sell shares in Hong Kong, according to two people with knowledge of the matter. The stock for sale in the initial public ...

Stanley Ho settles gambling dispute

MACAO - Billionaire Stanley Ho said his legal dispute with family members over ownership of their Macao gambling business has been resolved, and he has withdrawn his lawsuit, driving up SJM Holdings Ltd's shares. A settlement agreement was executed on Tuesday among all branches ...

Hutchison Port Holdings Trust set for market listing

Southeast Asia's biggest IPO could rake in as much as $5.4 billion HONG KONG - Li Ka-shing's Hutchison Port Holdings Trust expects to raise $5.4 billion in Southeast Asia's biggest initial public offering, according to three people with knowledge of the transaction. The trust ...

Skyrocketing Moutai price 'normal' says chairman

A woman selects Moutai products at a shop in Zaozhuang city, East China's Shandong province, on Jan 1. Ji Zhe / for China Daily BEIJING - A senior executive from the China Kweichow Moutai Distillery Co Ltd - the maker of one of nation's most famous alcoholic drinks - has ...

Gome shares on the rise after new chairman is appointed

A Gome Electrical Appliances Holding Ltd store in Shanghai. The company aims to open 400 new stores on the Chinese mainland in 2011. [Photo / Bloomberg] HONG KONG - Gome Electrical Appliances Holding Ltd replaced its chairman in a move that sparked a 6.5 percent surge in the ...

Parker Hannifin starts building factory in Wuxi

WUXI, Jiangsu - Parker Hannifin Corp on Wednesday began construction of a new plant in China, as the global leader in motion and control technologies seeks to deepen its involvement in China's booming high-speed railway networks. The plant in Wuxi, Jiangsu province, is the US...

Acer to tap rural PC market, aims for second place

An Acer Inc tablet PC on display at the Mobile World Congress in Barcelona, Spain, in February 2011. [Photo / Bloomberg] Company touts distribution channels and new tablet PC on the horizon BEIJING - Acer Inc, the second-largest PC maker by market share, is aiming for the number ...

Steelmakers eye foreign solution for overcapacity

Mills expand abroad, diversify products to raise profit margins SHANGHAI - Wuhan Iron & Steel Group, Angang New Co and rival Chinese mills are expanding overseas and turning to specialty products to battle overcapacity in China. Wuhan Steel is in talks to build plants or buy ...

Terex tears into heavy equipment sector in China

Terex Corp has five ventures in China, which have manufactured off-highway trucks, truck cranes, gantries, forklifts, and material-processing equipment since 1988. [Photo / China Daily] CHANGZHOU, Jiangsu - The US equipment manufacturer Terex Corp is aiming to increase its annual ...

Swire Pacific profits up 75%

A Coca-Cola display in the shape of a Formula One car in Shanghai. Swire Pacific holds the franchise to manufacture, market and distribute Coca-Cola products in China and 11 US states. [Photo / Bloomberg] HONG KONG - Hong Kong conglomerate Swire Pacific Ltd's net profit ...

BYD to Inaugurate Electric Buses in Denmark

China's electric vehicle maker BYD Automobile Co Ltd is set to trial a full-size, all-electric bus in the Danish capital Copenhagen, according to a news release issued by Denmark's biggest public transport operator Movia and Denmark's Ministry of Foreign affairs Thursday. ...

New fiberglass factory for Zhejiang

SHANGHAI - Owens Corning Corp (OC), the world's leading producer of fiberglass reinforcements, began operating a new $100 million facility in Yuhang, Zhejiang province, on Wednesday. The new manufacturing base will produce single-end rovings (reinforcement for fiberglass products...

SKF rolls out plan for new Jinan plant

A high-speed train departs Tianjin station. SKF Group announced on Tuesday that it had won a bearing contract worth about 110 million yuan ($17 million) with the Ministry of Railways. [Photo / Bloomberg] Bearing giant aims to "strengthen manufacturing footprint in Asia" DALIAN - ...

Guangdong Nuclear may have to bid for Extract

The company may seek exemption from Australian takeover rules MELBOURNE, Australia - A Chinese State-owned nuclear power producer could be forced to make a bid for Australia's Extract Resources worth $2.7 billion as part of a bid for Kalahari Minerals, as China looks to secure ...

Medtronic opens Shanghai base for China operations

A Medtronic's representative shows a continuous glucose monitoring device at the company's display during the Cleveland Clinic's 2010 Medical Innovation Summit in the US. Medtronic intends to establish a modern servicing and manufacturing network, based in Shanghai, during the ...

Thermo Fisher to set up new factory in Suzhou

BEIJING - Thermo Fisher Scientific Inc, the world's largest scientific instrument company by sales, plans to set up a new factory in Suzhou, Jiangsu province, to develop and manufacture laboratory consumable products for the local market. "Laboratory consumable products is the ...

Liquid maker Dukang issues TDRs on TWSE

TAIPEI - Chinese mainland distillery, Dukang Distillers Holdings Limited, began issuing 130 million units of Taiwan depository receipts (TDRs) on the Taiwan Stock Exchange (TWSE) at NT$18.65 (63 cents) per unit on Wednesday. The offering makes Dukang the first mainland alcoholic ...

Ex-regulator sees red-chip paradise on the mainland

BEIJING - The launch of an international board in Shanghai will not diminish Hong Kong's attractiveness to the mainland and foreign listings in the near term, said a former stock market regulator who used to serve on both sides. Laura Cha, a Hong Kong deputy to the National ...

BNMC planning Shanghai listing

BEIJING - Gansu-based Baiyin Nonferrous Metals Corporation (BNMC), China's leading nonferrous metals producer, is planning a listing on the Shanghai stock exchange this year, in a bid to invest in overseas mining resources. The company is preparing an IPO proposal, which is due ...

Miners sell bonds to tap growing demand

SINGAPORE - China's biggest mining companies are selling the most bonds among the largest emerging economies this year, tapping demand from investors attracted by the highest relative yields since 2009. Yunnan Copper Industry Co is expected to price 1 billion yuan ($152 million) ...
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