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1. C C Land to inject RMB 300 mln in Chengdu JV
C C Land Holdings Ltd<1224>, a Chongqing-based real estate developer, has announced that it plans to inject RMB 300 million into a joint venture in Chengdu, Sichuan Province to increase its stake to 80% stake from the previous 50%, sources reported. The JV, which was set up by C C Land and Guojia Real Estate...
19 Nov 2009
2. Wuzhou Communications to buy 68% stake in Tanbai Expressway
Guangxi Wuzhou Communications Co Ltd<600368>, which is principally engaged in the operation of toll roads, on Tuesday announced that it has inked a contract with parent Guangxi Highway Administration Bureau to acquire a 68% stake in Guangxi Tanbai Expressway Co Ltd for up to RMB 1.5 billion, sources...
19 Nov 2009
3. Shenzhen Topraysolar to invest RMB 849 mln in PV project
Shenzhen Topraysolar Co Ltd<002218>, a solar enterprise based in Shenzhen, Guangdong Province, yesterday announced that it plans to spend RMB 849 million on a photovoltaic cell project in Weinan, Shaanxi Province, having injected RMB 550 million into the PV industry last year, sources reported...
19 Nov 2009
4. Hefei Meiling to bid for Changhong's air conditioner assets
Hefei Meiling Co Ltd<000521><200521>, a Chinese manufacturer of household appliances, plans to bid for air conditioner assets belonging to Sichuan Changhong Electric Co Ltd<600839> in order to consolidate the home appliance business, sources reported.Hefei Meiling said in a statement filed with...
18 Nov 2009
5. Poly HK buys land in 2 mainland cities
Poly (Hong Kong) Investments Ltd<0119>, a subsidiary of state-owned China Poly Group Corp, on Monday announced that it won the bids for two pieces of land, one in Guangzhou, Guangdong Province and one in Liuzhou, Guangxi Zhuang Autonomous Region for RMB 2.12 billion in total, sources reported.The...
17 Nov 2009
6. BNP Paribas Asset cuts stake in Chongqing Iron & Steel
BNP Paribas Asset Management, a subsidiary of BNP Paribas, recently cut its H-share holding in Chongqing Iron & Steel Co Ltd<601005><1053> to 4.84% from the previous 5.25%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.Information from the HKEx showed that BNP...
17 Nov 2009
7. Sichuan Meifeng Chemical to issue RMB 650 mln in bonds
Sichuan Meifeng Chemical Industry<000731>, a local chemicals producer, over the weekend announced that it will issue up to RMB 650 million worth of convertible bonds, sources reported.The convertible bonds will have a coupon rate between 0.5% and 3%. The new bonds will be issued at the par value of RMB 100...
17 Nov 2009
8. 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
9. China Power Investment starts coal gas projects in Xinjiang
State-owned China Power Investment Corp, which was launched in 2002 and has a registered capital of RMB 12 billion, on Nov. 10 started two coal gasification projects in Ili Kazakh Autonomous Prefecture, Xinjiang Uygur Autonomous Region, sources reported.The two projects will cost more than RMB 50 billion...
17 Nov 2009
10. Yili Industrial's total profits hit RMB 664 million in Jan-Sep
Inner Mongolia Yili Industrial Group Co Ltd<600887>, a major Chinese dairy firm, recently posted RMB 664 million of total profits for the first nine months of this year after strong growth over three quarters, sources reported.The firm's revenue from core business in the first nine months of this year was RMB 19.22 billion...
17 Nov 2009
11. China's Xi'an Aircraft Int'l proposes private placement
Xian Aircraft International Corp<000768>, a Chinese supplier of parts to Boeing and Airbus, today revealed that it will issue shares through private placement as part of its restructuring plan, sources reported.Although the financial details of the private placement have not been disclosed, four Chinese...
16 Nov 2009
12. Sinopec to add more than 100 gas stations in Chongqing
Sinopec<600028><0386>, the largest refiner in Asia by capacity, plans to build more than 100 gasoline stations in Chongqing by 2015, sources reported.Around 80 of the new stations will be located in urban districts. At present, Sinopec has more than 90 gas stations in the city, while rival PetroChina Co...
16 Nov 2009
13. Sichuan Changhong to sell refrigerator assets
Sichuan Changhong Electric Co Ltd<600839>, one of China's top home appliance manufacturers, yesterday announced that it has obtained the approval from the Mianyang State-owned Assets Supervision and Administration Commission to sell its refrigerator assets, sources reported.Sichuan Changhong will...
11 Nov 2009
14. Dreyfus raises stake in Chongqing Machinery
New York-based Dreyfus Corp, which is a leading mutual fund firm and a subsidiary of the Bank of New York Mellon, on Nov. 4 raised its stake in Chongqing Machinery & Electronics Co<2722> to 5.23% from the previous 4.78%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.HKEx said...
10 Nov 2009
15. Dow Chemical, Shenhua break ground for coal-to-chemical project
Shenhua Group Corp Ltd, the largest coal producer in China, last week held a ground-breaking ceremony for a US$10-billion coal-to-chemical joint project with U.S. chemical giant Dow Chemical Co, the third-largest chemical company in the world by market capitalization. The project, located in Yushen Coal...
9 Nov 2009
16. CNPC to develop gas field in Sichuan with Chevron
China National Petroleum Corp, the parent of PetroChina Co Ltd<601857><0857>, will team up with U.S.-based integrated energy company Chevron to develop a natural gas project in Sichuan Province, sources reported.CNPC said in a statement that it has signed an agreement with Chevron's affiliate...
9 Nov 2009
17. Longfor Properties eyes HK$7.1 bln IPO in HK
Mainland real estate developer Longfor Properties Co aims to raise up to US$910 million through an initial public offering on the Hong Kong Stock Exchange, sources reported, citing people familiar with the matter as saying.The Chongqing-based company expects to sell 1 billion shares, or 20% of its enlarged share...
5 Nov 2009
18. Shenhua Group, Shanxi Yanchang Petroleum set up coal JV
Shenhua Group Corp Ltd, the largest coal producer in China, on Tuesday set up a RMB 4.8-billion coal joint venture with Shaanxi Yanchang Petroleum Group Co Ltd.Shenhua Group, the parent of China Shenhua Energy Co Ltd<601088><1088>, will hold a 51% stake in the new JV, which will be called...
5 Nov 2009
19. Huadian Power buys into 2 coal mining firms
Huadian Power International Corp<600027><1071>, China's largest independent power producer, on Wednesday announced that it has signed an agreement with the Inner Mongolia subsidiary of Xinwen Mineral Group to buy into the latter's two coal mining firms, the Shanghai Securities News reported...
4 Nov 2009
20. Sichuan Expressway predicts RMB 690 mln in profit in 2009
Sichuan Expressway Co Ltd<0107>, Chinaâ??s leading road infrastructure operator, is expected to realize RMB 690 million in net profit for 2009, 26.84% more than in 2008, sources reported on Tuesday.In 2008, the company's three expressways contributed a total of RMB 1.39 billion in revenue, 2.34% more than in 2007.
27 May 2009
 
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