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1. CNPC to launch refinery in Henan
China National Petroleum Corp (CNPC) plans to build an oil refinery with an estimated daily refining capacity of 200,000 barrels in Shangqiu City, Henan Province. The crude oil used in the refinery will be provided by Middle Eastern suppliers, sources reported. Jiang Jiemin, general manager of CNPC, the
20 May 2009
2. Henan Luohe Shineway signs chicken farm contract with Nippon Ham
Henan Luohe Shineway Industry Group, a Chinese meat processing giant, on Monday signed a joint venture (JV) agreement with Japanese Nippon Ham Group for a large chicken farm, sources reported.The project, which will cost RMB 1.15 billion, will begin construction in the first half of this year and will go into
15 April 2009
3. Henan Shenhuo Coal reaps RMB 1.15 bln in profit in 2008
Henan Shenhuo Coal Industry and Electricity Power Co Ltd<000933>, engaged in the manufacture, processing and sale of coal and aluminum products, as well as the generation of electricity, posted RMB 1.15 billion in net profit for 2008, a year-on-year increase of 36.98%, sources reported.
14 April 2009
4. Henan Coal and Chemical Industry to invest RMB 22.37-bln in new projects
Henan Coal and Chemical Industry Group Co Ltd (HNCC), a state-owned enterprise with registered capital of RMB 12.2 billion, has started 15 projects worth RMB 22.37 billon in total, sources reported. The 15 projects include 9 chemical projects together worth RMB 16.84 billion and 4 coal projects worth a
9 April 2009
5. Sieyuan Electric sells 5.8 mln shares in Henan Pinggao Electric
Shenzhen-listed Sieyuan Electric Co Ltd<002028>, a power equipment manufacturer and seller in China, sold around 5.8 million shares in Henan Pinggao Electric Co Ltd<600312> on the Shanghai Stock Exchange between Feb. 18 and Mar. 31 this year, sources reported.
3 April 2009
6. Central China Real Estate aims for RMB 3.5 bln in contracted sales
Hong Kong-listed Central China Real Estate Ltd<832>, a property firm headquartered in Henan Province, intends to hit RMB 3.5 billion in contracted sales revenue in 2009, of which it has already earned 30%, sources reported.Wu Po Sum, Executive Chairman of Central China Real Estate, said on Mar. 30 that the
2 April 2009
7. Henan Pinggao Electric to issue new shares
Henan Pinggao Electric Company Limited<600312>, a Chinese power transmission and conversion equipment provider, today announced that its board of directors passed a share issuance proposal enabling the company to issue up to 150 million shares to finance its key projects, sources reported.
24 March 2009
8. Henan Shuanghui posts 24.38% growth in 2008 net profit
Henan Shuanghui Investment & Development Co (HSIDC)<000895>, the listed unit of China's largest meat processor Shuanghui Group, reported a 24.38% year-on-year increase in its net profit for last year, which amounted to RMB 699 million.According to the company's annual report filed with the Shenzhen
23 March 2009
9. BOC to extend an RMB 200 bln credit line to Henan
Bank of China (BOC)<601988><3988>, the nation's second-largest lender, yesterday signed a strategic cooperation agreement with the Henan provincial government to enhance the province's economic development, the Shanghai Securities News reported.BOC plans to extend a total of RMB 200 billion in
4 March 2009
10. CDB grants RMB 150 bln credit line to Henan Province
China Development Bank, one of the country's major policy banks, yesterday signed a financial development cooperation agreement with Henanâ??s provincial government to extend an RMB 150 billion credit line to the province during the next three years.The funds will be used to support key projects in
25 Feb 2009
11. Higher prices boost China Molybdenum H1 net up
Luoyang, Henan province-based China Molybdenum Co<3993>, one of China's largest molybdenum manufacturers, released its financial report for the first half of this year with its net profit amounting to RMB 1.24 billion, a steady increment of 13% year-on-year. According to the company's filing with the Hong Kong
27 Aug 2008
12. China Unicom Henan to invest RMB 3 bln in GSM expansion
China Unicom<600050><762>, the second largest mobile telecom carrier in China, is planning to invest RMB 3 billion to further upgrade GSM network for its Henan branch this year, according to a company's announcement. Newspaper reports said China Unicom Henan branch has invested a total of
30 July 2008
13. Pingdingshan Coal starts construction of PVC plant
Henan Pingdingshan Coal Group Co, China's second largest state-owned coal producer, has started construction of a one million ton polyvinyl chloride (PVC) plant in Henan province. The project, which is expected to become the largest facility of its kind in China, will boost Pingdingshan Coal's presence in the
16 July 2008
14. New World Department acquires land in Zhengzhou
New World Department Store China<825>, a Hong Kong-based department store operator, said it has sealed a deal to acquire a property in Zhengzhou city of Henan province. New World Department Store, a wholly-owned subsidiary of New World Development Co. Ltd, will spend approximately RMB 307.32
14 July 2008
15. Taiwan's second largest life insurer to expand in China
Shin Kong Life Insurance Co, a wholly owned subsidiary of the Shin Kong Group and the second largest domestic life insurer in Taiwan, is moving to get a foothold in the vast mainland insurance market by joining hands with Hainan Airlines<600221><900945>, the fourth biggest Chinese carrier. Shin Kong Life
9 July 2008
16. Minsheng Bank launches Zhengzhou branch
China Minsheng Banking Corp Ltd (CMBC)<600016>, the first national joint-stock commercial bank in the country, has launched its branch in Zhengzhou, Central China's Henan province. Henan is a large province of China in terms of population, economy, industry, agriculture, culture and tourism. It ranks the
23 June 2008
17. Central China to list in HK on Jun. 5
Central China Real Estate Group, a mainland property developer based in Henan province, has set the trading date for its Hong Kong IPO on Jun. 5, 2008.The roadshow is scheduled to commence from next Monday, and the company will offer the shares from May 23, 2008.The company expects to raise about
15 May 2008
18. Citigroup to set up investment banking JV in China
Citigroup Inc and Henan-based Central China Securities have signed cooperative agreement for a joint venture (JV) investment bank, after Credit Suisse and Morgan Stanley's recent move to strengthen their presence in China. China decided to accept the foreign institutions' application for security joint ventures
28 Jan 2008
19. Legacy Mining eyes 80% interest in major China gold property
Legacy Mining Ltd has inked a Letter of Intent with a China-based joint venture gold company, Mercury Enterprise Co. Ltd. (MEC), to take over up to 80% of a gold property, Miaozihe Gold Mine, located near west Zhengzhou, the capital of China's Henan Province.The deal has gained the permission from the Land and
16 Jan 2008
20. Shell wins 16th coal gasification contract in China
Shell signed a coal gasification contract of 600,000 tons methanol project with Hebi Coal Industry Group Co in Beijing on Dec. 12, sources reported. The contract has won the government approval and becomes Shell’s
14 Dec 2007
 
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