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1. 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
2. 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
3. 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
4. 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
5. CNOOC to invest RMB 30 bln in coal-to-gas project in Shanxi
China National Offshore Oil Corp (CNOOC), the country's largest offshore oil company, on May 15 signed a contract with Datong Coal Mine Group to inject RMB 30 billion into a coal-to-gas project in Datong City, Shanxi Province, sources reported.The huge project, which will be completed within three years, will
18 May 2009
6. Xi'an Electric Manufacturing to issue financing bills
Xi'an Electric Manufacturing Corp yesterday announced that it will issue one-year financing bills on the interbank market on May 20, sources reported.The company hopes to raise up to RMB 700 million through the issuance.The financing bills will be issued at face value and the yield will be determined in the
14 May 2009
7. Shaanxi to integrate three iron and steel firms
China's northwestern Shaanxi Province will integrate three iron and steel firms to form an industry giant, to be called Shaanxi Iron and Steel Group, to improve the competitive strength of the local iron and steel industry, sources reported.The Shaanxi government approved the merger and acquisition (M&A) plan,
14 May 2009
8. Xi'an starts 5 low-rent apartment projects
Xi'an, the capital of Shaanxi Province, plans to spend RMB 1.2 billion to build five low-rent apartment projects, sources reported.The five projects, to cover a land area of more than 300 Mu and a floor area of 630,000 square meters (sq m) in total, will consist of over 9,800 apartments in all, and will be completed
30 April 2009
9. Shanxi's 1st seamless steel tube production line operational
A seamless steel tube production line in Shanxi Dehui Seamless Steel Tube Co Ltd started production last week, sources reported.The production line, first of its kind in the province, will have an annual production of 250,000 tons of seamless steel tubes with a diameter of 219 mm.
27 April 2009
10. Lu'an Environmental Energy posts RMB 695.02-mln profit for Q1
Shanxi Lu'an Environmental Energy Development Co<601699>, which is principally engaged in the exploration, production and sale of coal, announced on Apr. 23 that its net profit surged 30.42% to RMB 695.02 million in the first quarter of this year, sources reported.In the period from January to March
24 April 2009
11. Shanxi Coking Coal Group Q1 sales revenue hits RMB 13.11 bln
Shanxi Coking Coal Group Co Ltd, parent of the country's largest publicly traded coke producer Shanxi Coking Co Ltd<600740>, recorded sales revenue of RMB 13.11 billion for the first quarter of this year, up 1.47% compared with the same period of last year.The company said in its quarterly report that it produced
24 April 2009
12. Shaanxi International Trust sees net profit down 37.73% in Q1
Shaanxi International Trust Co Ltd<000563>, a real estate and finance company based in Xi'an, Shaanxi Province in China, announced that it earned net profit of RMB 11.68 million in the first quarter of 2009, down 37.73% from the previous year.According to the company's quarterly report, its operating revenue
22 April 2009
13. Shanxi Guoyang New Energy posts RMB 1.45-bln profit for 2008
Shanxi Guoyang New Energy Co Ltd (GYNE)<600348>, principally engaged in the production, washing, dressing, processing and sale of coal, as well as the generation and sale of electricity and heat, announced on Apr. 17 that its net profit hit RMB 1.45 billion in 2008, soaring 83.75% from a year earlier.
21 April 2009
14. China's Shanxi Province to close 1,600 coal mines in 3 years
China's Shanxi Province will launch an unprecedented reform for the coal industry for the next three years, with the number of its coal mines cut to 1,000 from the current 2,600, according to a decision announced by the local provincial government on Wednesday.By 2011, Shanxi, whose coal output accounts for one
20 April 2009
15. ShaanXi Provincial Natural Gas 2008 profit up 15.17%
China's ShaanXi Provincial Natural Gas Co Ltd<002267>, which is mainly engaged in the construction and operation of long-distance pipelines of natural gas, posted net profit of RMB 295.59 million for 2008, a year-on-year increase of 15.17%, sources reported.Last year, the Shenzhen-listed company's operating
14 April 2009
16. CCB to extend RMB 120 bln in credit to Shaanxi
China Construction Bank Corp (CCB)<601939><939>, one of the country's Big Four state-owned commercial banks, on Tuesday signed a memorandum of understanding (MOU) with the provincial government of Shaanxi, to extend an RMB 120 billion credit line to the province in the next three years, the
9 April 2009
17. PetroChina Coalbed Methane invests in Hancheng project
PetroChina Coalbed Methane Co, a subsidiary of China National Petroleum Corporation (CNPC), recently decided to invest a total of RMB 1.58 billion to develop the coalbed methane project in Hancheng, a city in northwestern China's Shaanxi Province.The company will initially pour RMB 1 billion into the project this
1 April 2009
18. Shaanxi government to buy 77,000 tons of refined lead, zinc
Shaanxi Non-ferrous Metals Company, which is owned by the Shaanxi provincial government in southwestern China, has agreed to buy 77,000 tons of refined lead and zinc from four local smelters to boost sales of those companies hit by the shrinking demand, the China Daily reported, citing an official
23 March 2009
19. Shanxi Lu'an reaps net profit of RMB 2.85 bln in 2008
Shanxi Lu'an Environmental Energy Development Co Ltd<601699> posted unaudited net profit of RMB 2.85 billion for 2008, a sharp increase of 96.61% from RMB 1.45 billion in 2007, sources reported.Last year, the Shanghai-listed company recorded revenue of RMB 16.67 billion, an increase of 61.01% from a
13 March 2009
20. Star River Property acquires land property in Shanxi
Star River Property Holding Ltd, headquartered in Guangzhou, Guangdong Province, has purchased a piece of undeveloped land for RMB 1.3 billion in Taiyuan, Shanxi Province, sources reported.The mixed-use property will cover an area of 679,893 square meters. An insider commented that this investment, in
2 March 2009
 
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