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1. Mingfa Group raises US$278 mln via HK IPO: report
Mainland property developer Mingfa Group (International) Co<0846> raised US$278 million through an initial public offering in the Hong Kong Stock Exchange, the Wall Street Journal reported, citing an unnamed source as saying.The Fujian-based real estate developer issued 900 million shares at HK$2.39...
10 Nov 2009
2. Mingfa Group cuts offering price, proceeds with HK IPO
Mainland property developer Mingfa Group (International) Co<0846> has cut the offering price for its initial public offering on the Hong Kong Stock Exchange due to investors' waning interest in mainland property stocks, sources reported.The Fujian-based real estate developer Wednesday said in a statement that it...
5 Nov 2009
3. Xiamen sees property transaction area soar 170% in 4 months
Xiamen, a major city in Fujian Province, saw property transaction area hit 1.68 million square meters (sq m) in the first four months of this year, a sharp year-on-year increase of 170.42%, according to market sources. In the period from January to April, the city's residential property transaction area reached 1.38 million sq m
25 May 2009
4. Fujian Cement reaps RMB 112 mln from sale of bank shares
Fujian Cement Inc, a China-based cement and clinker producer, realized investment income of RMB 112 million through the sale of shares in Industrial Bank Co Ltd<601166>, according to a statement the company released on Tuesday. Fujian Cement sold a total of 4.23 million of shares in Industrial Bank from
21 May 2009
5. Taiwan Life Insurance's mainland JV to open branch in Fuzhou
Taiwan Life Insurance Co announced on Tuesday in a statement that the China Insurance Regulatory Commission (CIRC), the nation's insurance regulator, has granted approval for its mainland joint venture (JV) to establish a branch office in Fuzhou City, the capital of Fujian Province. The JV, called King Dragon
20 May 2009
6. China Gas acquires 49% stake in Fujian gas firm
China Gas Holdings Ltd<0384>, engaged in sales of gas appliances and gas supply, as well as in property investments, signed a contract with Chinese People Holdings Co Ltd<0681> to purchase a 49% stake in a Fujian Province-based gas firm for RMB 325 million, sources reported.
30 April 2009
7. Tesco to open super market in Xiamen
Tesco Corp, the British international grocery and general merchandising retail chain, plans to open its first supermarket in China this Fall in Xiamen, a coastal city in southeastern Fujian Province, said the UK Trade & Investment business delegation at a press conference in Xiamen.
2 April 2009
8. Platinum Asia Fund cuts stake in Xiamen International Port
Platinum Asia Fund sold 3.1 million shares in Xiamen International Port Co Ltd<3378> on Feb. 20, according to statistics released by the Hong Kong Stock Exchange (HKEx).Platinum Asia Fund sold the 3.1 million shares at the average price of HK$0.8 apiece. After the deal, its shareholding in the Chinese
27 Feb 2009
9. Eton Property to build giant commercial complex in Xiamen
Eton Properties Philippines Inc (EPPI), a global real estate brand established by a prominent Chinese Filipino business magnate Lucio Tan, plans to invest more than RMB 2.4 billion in a commercial complex in Xiamen, Fujian Province, sources reported.The huge project, the largest ever in the city, covers a land
26 Feb 2009
10. Sanan Optoelectronics to finance LED project in Tianjin
Xiamen-based Sanan Optoelectronics Co<600703> yesterday announced that it will initiate a private placement of 20 million to 50 million A-shares to finance its LED project in Tianjin.According to the announcement, Sanan optoelectronics hopes to raise up to RMB 800 million from up to ten buyers through
23 Feb 2009
11. Xiamen to auction 33 pieces of land
Xiamen, located in Southeast China's Fujian Province, plans to auction 33 pieces of land in nine districts of Xiamen City, sources reported.The auction is a signal that the municipal government has begun to boost the sluggish real estate market. The 33 pieces of land include a piece of office land with land area of
18 Feb 2009
12. Taiwanese investment in Xiamen up 15.1% in 2008
Xiamen, a coastal sub-provincial city in southeastern Fujian Province, has seen surging investment from Taiwan in 2008, despite the global financial crisis.According to statistics from the municipal government, the city's actual Taiwanese investment last year amounted to US$717 million, representing an increment
3 Feb 2009
13. Xiamen Int'l Bank eyes 40% growth in 2009
Xiamen International Bank, the first joint venture bank in China, expects its onshore business to increase up to 40% this year and will expand its business in China in spite of the economic recession, a senior executive of XIB said, sources reported.XIB, based in Xiamen, a deputy-provincial city in Fujian Province,
20 Jan 2009
14. Xiamen ITG Group to issue RMB 500 mln 365-day bills
Xiamen ITG Group Corp Ltd<600755> will issue RMB 500 million short-term financing bills with maturity of 365 days on the interbank market on Jan. 20, sources reported.The company said in a statement that the coupon rate will be determined during the process of book building. Both value date and payment due date
16 Jan 2009
15. Zijin Mining signs JV deal for smelter facility in Fujian
Zijin Mining Group Co<601899><2899>, China's second largest gold producer, signed a contract with its biggest shareholder Minxi Xinghang State-owned Assets Investment Co on setting up a copper smelter joint venture. Zijin Mining and Minxi Xinghang will each hold 50% stake in the JV, namely Zijin Copper Co
15 Jan 2009
16. Fujian aims at 10% GDP growth in 2009
Fujian aims at 10% growth in gross domestic product (GDP) in 2009, said Huang Xiaojing, governor of the province, in his work report to the province's 11th people's congress opened on Jan. 10. The provincial government's revenue is expected to rise 11%, while the fixed assets investment targets a 15% growth.
12 Jan 2009
17. France's CMA CGM Xiamen port JV wins approval
CMA CGM Group, one of the world's leading container operators, announced last Friday its port joint venture in Xiamen, Fujian Province has won approval from China's National Development and Reform Commission (NDRC) and Ministry of Commerce (MOC), according to sources.The Xiamen port JV, with a
24 Nov 2008
18. China's 2nd yacht industrial base inaugurated in Xiamen
A yacht industrial base of China was inaugurated in Xiamen on Sunday, which marks the southern coastal city to become the second city that has been granted the status in China, after Qingdao. With the advantageous geographic location, beautiful scenery and pleasant climate, Xiamen's yacht industry
10 Nov 2008
19. Austrian lender opens Xiamen branch
Austria-based lender Raiffeisen Zentralbank Osterreich AG (RZB) has officially opened its new branch in Xiamen, a coastal city in South China's Fujian province.It is the second China branch set up by the Austrian bank, which is the largest listed lender in Austria.China is still the most important market to the bank's
6 Nov 2008
20. Amoi Electronics to sell handset housing unit
Amoi Electronics Co Ltd<600057>, a Xiamen-based handset maker, has put up 72.14% stake it holds in a rubber plastic producing unit on sale at the Shanghai United Assets and Equity Exchange. The subsidiary, which mainly produces handset housing and related products for the company, has registered capital of
10 Oct 2008
 
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