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1. 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
2. TCL, Shenzhen Century Science to launch 8.5G LCD panel project
TCL Corp<000100>, a major Chinese TV and mobile phone manufacturer, and Shenzhen Century Science & Technology Investment Co Ltd yesterday jointly announced a plan to build an 8.5-generation liquid crystal display panel plant in Shenzhen, a key city in Guangdong Province, sources reported.The two...
17 Nov 2009
3. Huawei sets up 2 training centers in Indonesia
Huawei Technologies Co Ltd, a major telecom equipment vendor in China, has set up two major training centers and a research and development center in Indonesia, the official Xinhua News Agency reported, citing a senior company official as saying.1,500 Indonesian telecom technicians are expected to graduate...
16 Nov 2009
4. Shenzhen Expressway buys partial rights in Guangzhou-Shenzhen freeway
Shenzhen Expressway Co Ltd<600548> has announced that it will build part of a 90-kilometer expressway that will run from Huangpu District, Guangzhou to Nanshan District, Shenzhen, sources reported. Shenzhen Expressway will build a 30.5-km stretch of expressway from Dongbao River to Nanshan District...
16 Nov 2009
5. Guangzhou selling Asian Games Village for RMB 16.5 bln
Guangzhou, the capital of Guangdong Province, is selling the Asian Games Village for RMB 16.5 billion or RMB 3,767 per square meter of potential floor area, according to a statement released by Bureau of Land Resources and Housing Management of Guangzhou.The Asian Games Village, located in Panyu District...
13 Nov 2009
6. Star Lake Bioscience to issue 50 mln shares
Star Lake Bioscience Co Inc Zhaoqing Guangdong<600866>, which is engaged in the production and sale of raw chemicals, pharmaceuticals, seasoning products and feed additives, earlier this week announced that it would issue up to 50 million shares to not more than ten investors.The company said in...
13 Nov 2009
7. China Merchants Securities raises RMB 11.1 bln via IPO
China Merchants Securities<600999>, the country's eighth-largest brokerage by volume of securities traded, raised HK$11.1 billion through an initial public offering on the Shanghai Stock Exchange, sources reported.The Shenzhen-based brokerage sold 358.55 million shares at RMB 31.00 per share, the high...
12 Nov 2009
8. 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
9. Gemdale posts Oct sales, buys land in Dongguan and Shenyang
Gemdale Corp<600383>, which is principally engaged in developing residential property projects, today announced that it reaped RMB 1.57 billion in sales revenue in October, 37.1% more than last October, and that its sales area swelled 20.7% year on year, hitting 141,200 square meters, sources reported.In the first...
10 Nov 2009
10. Guangzhou Investment posts RMB 2.2-bln sales revenue for Oct
Guangzhou Investment Co Ltd<0123> has announced that its contracted sales revenue was RMB 2.2 billion in October and that its contracted sales area was 178,900 square meters, five times its contracted sales area last October, sources reported.In the first ten months of this year, the Hong Kong-listed firm...
10 Nov 2009
11. Baiyunshan Pharmaceutical suspends share trading
Shenzhen-listed Guangzhou Baiyunshan Pharmaceutical Co Ltd<000522> said yesterday it would halt share trading starting today after shares surged daily limit on Wednesday and Thursday, sources reported. The company said in a statement filed with the Shenzhen Stock Exchange that it expects to disclose...
6 Nov 2009
12. Morgan Stanley cuts shareholding in Guangzhou R&F Property
U.S. investment bank Morgan Stanley has cut its stake in Guangzhou R&F Property Co Ltd<2777> to 5.86% from the previous 6.1%, according to information from the Hong Kong Exchanges and Clearing (HKEx)<0388>. Statistics from the bourse operator showed that Morgan Stanley sold 2.75 million shares...
5 Nov 2009
13. Export value in 106th Canton Fair up 16.2%
The combined value of export contracts signed during the 106th China Import and Export Fair, widely known as the Canton Fair, rose 16.2% from the 105th session in April to US$30.47 billion, according to a statement published on the website of the Ministry of Commerce yesterday.The number of buyers...
5 Nov 2009
14. Wolong Real Estate to raise RMB 800 mln for 2 projects
Wolong Real Estate Group Co Ltd<600173> on Tuesday announced that it has received approval from the China Securities Regulatory Commission to issue up to 120 million new shares for RMB 800 million at most, sources reported.The proceeds from the issuance will be used to fund the second phase of...
5 Nov 2009
15. Fidelity Int'l raises stake in BYD
U.S.-based investment company Fidelity International Ltd on Oct. 30 raised its shareholding in China's BYD Co<1211> to 5.04% from the previous 4.98%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.Information from the HKEx showed that FIL bought 464,500 shares of...
5 Nov 2009
16. Shenzhen's new apartment sales volume surges 83% in Oct
Shenzhen, a major city in Guangdong Province, sold 5,977 new apartments in October, 83% more than the 3,252 units it sold in September, sources reported.The average price, which was down 3.37% month on month but up 59.25% year on year, was RMB 20,234 per square meter.However, the city only sold 506 new
5 Nov 2009
17. Evergrande Real Estate's shares up 34.29% in HK debut
Evergrande Real Estate Group Limited<3333>, a Guangzhou-based property enterprise, debuted on the main board on the Hong Kong Stock Exchange today and saw its shares rise 34.29% on its first day of trading.Shares of the company started trading at HK$4, a price higher than the IPO price of HK$3.5. They...
5 Nov 2009
18. Wistron to build opto-electric industrial park in Zhongshan
Taiwan-based Wistron Corp, one of the world's largest original design manufacturers, plans spend RMB 3 billion to set up a liquid crystal opto-electrical industrial park in Zhongshan, Guangdong Province, sources reported.The industrial park will be located in Zhongshan Torch High-tech Development Zone and cover...
4 Nov 2009
19. Shenzhen Textile to raise RMB 850 mln via private placement
Shenzhen Textile (Holdings) Co Ltd<000045><200048> yesterday announced that it would issue up to 110 million shares to selected investors.The company said in a statement filed with the Shenzhen Stock Exchange that it hopes to raise up to RMB 850 million through the placement. The issue price will be RMB
3 Nov 2009
20. Guangzhou R&F Property's contracted sales revenue surges 78% in Oct
Guangzhou R&F Property Co Ltd<2777> has announced that its contracted sales revenue for October was RMB 2.19 billion, up 78% year on year, and that its sales area for the month grew 53% year on year, hitting 194,500 square meters, sources reported.In September, the company sold 181,700 sq m of properties in...
3 Nov 2009
 
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