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1. Wharf sells Beijing property, loan for RMB 2.7 bln
The Wharf (Holdings) Ltd<0004>, a property subsidiary 50% owned by Wheelock and Co Ltd<0020>, on Monday sold an 87.5% stake in Beijing Times Square and a shareholder loan to a Beijing-based infrastructure investment firm for RMB 2.28 billion and RMB 4.27.7 million, respectively, or RMB 2.7 billion...
19 Nov 2009
2. Perfect World's net profit up 45% in Q3
Nasdaq-listed Perfect World Co Ltd, a Chinese online game developer and operator, on Monday announced its financial results for the quarter ended Sep. 30.The firm's net income attributable to shareholders grew 45% year on year to RMB 288.3 million in the third quarter, while its non-GAAP net profit...
18 Nov 2009
3. Hopu to invest in China Minsheng Banking: report
Chinese private equity fund Hopu Investment Management Co is planning to invest US$1.2 billion in China Minsheng Banking Corp Ltd<600016>, which plans to issue 3.82 million H shares in an initial public offering on the Hong Kong Stock Exchange, sources reported.Soros Fund Management LLC, founded by...
18 Nov 2009
4. Beijing Yanjing Beer to invest RMB 600 mln in Yunnan plant
Beijing Yanjing Beer Group Corp, the parent of Beijing Yanjing Brewery Co Ltd<000729>, recently announced that it will invest RMB 600 million in a new beer production base in Kunming, the capital of Yunnan Province, sources reported.The new base, which will cover a land area of 15 hectares, will start...
17 Nov 2009
5. China's Umessage eyes listing in Hong Kong or US
Umessage Co Ltd, a Beijing-based mobile telecom services provider, plans to launch an initial public offering in Hong Kong or the U.S. in two years' time, a top company executive said on Wednesday, Reuters reported. The executive, who declined to be named, also said the company expects to gain US$100 million...
13 Nov 2009
6. Kudelski Group opens digital TV R&D center in Beijing
The Kudelski Group, a Switzerland-based provider of media content protection and value-added service technology, Wednesday opened its new digital TV research and development center and office in Beijing, in a bid to better support the growth of the Asian digital television market. The new R&D center in Beijing...
13 Nov 2009
7. Citychamp Dartong inks RMB 488-mln property sales contract
A Beijing subsidiary of Citychamp Dartong Co Ltd<600067>, a real estate developer also engaged in the enameled-wire business, on Tuesday sold a property project in Chongwen District, Beijing to a coal firm based in Shanxi Province for RMB 488.08 million, sources reported.The property project will have a gross...
13 Nov 2009
8. Beijing's average apartment price hits RMB 15,891 per sq m in Oct
Beijing in October saw the average price of apartments increase by RMB 3,563 or 28.9% year on year to RMB 15,891 per square meter, the highest price since the beginning of last year, sources reported.The average price was 10.5% or RMB 1,514 higher than in September, when the average price was RMB...
12 Nov 2009
9. Wheelock sells Beijing property for HK$2.59 bln
Wheelock and Company Ltd<0020> yesterday announced that a 50.02%-owned subsidiary, The Wharf (Holdings) Ltd<0004>, has sold an 87.5% stake in Beijing Capital Times Square for HK$2.59 billion, sources reported.In addition, The Wharf has sold a shareholder loan of HK$485 million owed by Beijing...
11 Nov 2009
10. Minsheng Bank sets IPO price range, seeks to raise HK$36.3 bln
China Minsheng Banking Corp Ltd<600016>, China's first privately-owned lender, has set its H-share initial public offering price range at HK$8.5 to HK$9.5 per share, the Shanghai Securities News reported, citing sources as saying.Minsheng Bank, which plans to sell up to 3.82 billion shares via an IPO on the...
9 Nov 2009
11. Asia's largest wind power firm gets HKEx approval for IPO
China Longyuan Power Group Corp, the largest wind project developer in Asia, on Thursday obtained approval from the Listing Committee of the Hong Kong Stock Exchange to launch an initial public offering on the bourse, sources reported.The wind power company is expected to raise up to US$1.9 billion via the...
9 Nov 2009
12. BDA starts building center to test genetically modified foods
Beijing Economic-technological Development Area, or BDA, on Oct. 29 held a ground-breaking ceremony for the National Center for the Assessment and Testing of Genetically Modified Agricultural Products, the first national-level center of its kind in China.The center will cover a land area of 7,310 square meters and...
9 Nov 2009
13. Beijing Capital Dev't announces JV plans, posts Q3 results
Beijing Capital Development Co Ltd<600376>, a real estate developer, on Wednesday announced that it intends to team up with two firms to set up a joint venture in Taiyuan, the capital of Shanxi Province, sources reported.The Shanghai-listed company will invest RMB 174 million to hold a 58% stake in the JV...
6 Nov 2009
14. Yeland acquires land in Tianjin
A Beijing subsidiary of real estate developer Yeland Group Co Ltd<000616> on Oct. 30 won the bids for two plots in Hongqiao District, Tianjin for RMB 1.46 billion in total, sources reported.One plot covers a land area of 45,000 square meters and will have a floor area ratio of 2.5, and the other, a 48,000-sq m plot, will...
5 Nov 2009
15. Beijing Capital Land's contracted sales revenue surges 85% in Oct
Beijing Capital Land Ltd<2868> has announced that its contracted sales revenue was RMB 920 million in October, up 85% year on year, and that its contracted sales area was 79,000 square meters, up 19% year on year, sources reported.In the same month, the real estate developer sold 20,000 sq m of properties in...
5 Nov 2009
16. Chinese movie studio Polybona eyes NYSE listing next year
Beijing Polybona Film Distribution Co, the third-largest movie studio in China, plans to list on the New York Stock Exchange in the second half of next year or the first half of 2011, a company executive said on Tuesday, the China Daily reported.Polybona's CEO Yu Dong said the entertainment stocks are common in...
5 Nov 2009
17. Beijing Poly hosts China's 1st fine French wine auction
Beijing Poly International Auction Co Ltd hosted China's first French wine auction at the Beijing Asia Hotel on May 29, the official Xinhua News Agency reported. The 1,000 bottles of fine wine to be auctioned include some from famous vineyards such as Lafite, Margaux and Mouton.
1 June 2009
18. Beijing saw sluggish 2nd-hand leasing market in May
Beijing, the capital of China, saw the average monthly rent for second-hand apartments hit RMB 2,292 in May, a month-on-month decline of 0.13% or a year-on-year decrease of 7.77%, according to a real estate research firm. Last month, the average monthly rent for second-hand apartments in the eight major districts
1 June 2009
19. Beijing to sell 110 pieces of undeveloped land by end-June
Beijing plans to sell 110 pieces of undeveloped land with a total area of 818.64 hectares before the end of June this year, according to a statement released by the Beijing Land and Resources Bureau on May 31. In the period from April to June, the city intends to sell 41 pieces of residential land, 36 pieces of industrial
1 June 2009
20. Beijing launches new policies to encourage foreign firms
The Beijing government on Tuesday announced new policies meant to encourage multinational companies to establish their regional headquarters in the capital. The new document detailing the favorable policies replaces a 1999 version. Rules regarding the implementation of the new policies
29 May 2009
 
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