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1. Yaxing Chemical to acquire chemical assets in Weifang
Weifang Yaxing Chemical Co Ltd<600319> recently announced that it will acquire chemical assets from a local chemical maker in Weifang, a key city in Shandong Province, sources reported. Yaxing Chemical will spend RMB 160.53 million to acquire equipment that can produce 12,000 tons of the blowing agent ADC per year...
19 Nov 2009
2. Shimao mulls investing RMB 30 bln in urban construction in Ji'nan
Shimao Group, the parent of Shimao Property Holdings Ltd<0813>, is considering spending around RMB 30 billion on an urban construction project in Luokou District, Ji'nan, Shandong Province, said a senior officer, sources reported.The huge project will include five-star hotels, office buildings, stores and...
18 Nov 2009
3. CIMC to buy stake in Yantai Raffles for US$1.7 bln
China International Marine Containers (Group) Co Ltd<000039><200039>, the world's biggest shipping container maker, on Monday announced that it will acquire a stake of up to 44.79% in Yantai Raffles Shipyard Pte Ltd for US$1.7 billion, sources reported.Hong Kong-based investment holding company...
18 Nov 2009
4. Lanxess sees double-digit growth in China sales in Q3
Lanxess AG, a global player in the fields of chemicals, plastics and rubber, said Thursday that its sales in the Greater China region increased 21% year on year to EUR 172 million in the third quarter of this year, due to the ongoing boom in the construction business.The China sales accounted for 12.5% of the...
16 Nov 2009
5. Xinyuan Real Estate buys land in 2 mainland cities
Nov. 9, 2009 (China Knowledge) - Xinyuan Real Estate Co Ltd, China's first U.S.-listed property firm, has won the bids for two pieces of residential land, one in Xuzhou, Jiangsu Province and one in Ji'nan, Shandong Province for RMB 1.31 billion in total, sources reported. The Xuzhou project, which cost RMB...
9 Nov 2009
6. Yantai Raffles buys Sanlian Longkou Shipyard
Singapore-headquartered Yantai Raffles Offshore Ltd, a subsidiary of Yantai Raffles Shipyard Ltd, has paid RMB 291 million to acquire 100% equity interest in Sanlian Longkou Shipyard in Shandong Province, sources reported.The shipyard, which has an existing land area of more than 400,000 square meters, is...
6 Nov 2009
7. Shanghai Industrial Development to raise up to RMB 4.2 bln
Shanghai Industrial Development Co Ltd<600748>, which is principally engaged in property development, yesterday announced that it plans to issue up to 300 million shares for RMB 14.43 per share or RMB 4.2 billion at most, sources reported.The proceeds from the issuance will be used to fund the development of...
4 Nov 2009
8. Shandong Gold Group to issue RMB 1 bln in corporate bonds
Shandong Gold Group, parent of Shandong Gold Mining Co Ltd<600547>, said its directorate has approved a proposal to issue RMB 1 billion in corporate bonds to domestic institutional investors on the interbank market on May 26, the Shanghai Securities News reported.
28 May 2009
9. Lanxess launches rubber R&D center in Qingdao
Lanxess AG, the world's leading chemicals maker, on May 21 launched the second phase of its expansion of its rubber R&D center in Qingdao City, Shandong Province, the Shanghai Daily reported.As part of its strategy to increase profits in Asia through research, the Germany-based specialty chemicals maker spent a total
27 May 2009
10. Shandong Jiufa to purchase Nanshan Group's property branch
Shandong Jiufa Edible Fungus Co Ltd<600180>, a China-based company primarily engaged in production and distribution of edible fungus products, announced on May 25 that it will purchase Nanshan Group's property branch by means of an asset swap and bond issuance, sources reported.
25 May 2009
11. Shandong Luxi Chemical to invest RMB 4.85 bln in 5 projects
Shandong Luxi Chemical Co Ltd<000830> obtained approval from the board of directors to invest around RMB 4.85 billion in five chemicals projects in the next three years, sources reported. The company will launch five key projects that will output 200,000 tons of organic silicon, 120,000 tons of methane chloride,
18 May 2009
12. Qingdao Mesnac to issue new shares for R&D projects
Shenzhen-listed Qingdao Mesnac Co Ltd (MESNAC)<002073>, a Chinese company doing business in the software industry and in equipment manufacturing, will issue up to 45 million shares to collect funds of RMB 608 million for R&D and manufacturing projects, sources reported.MESNAC today said in a
5 May 2009
13. ShangHai ShiMao acquires land in Qingdao for RMB 911 mln
ShangHai ShiMao Co Ltd<600823>, principally engaged in the development and distribution of real estate, on Apr. 29 teamed up with a property firm in Qingdao City and purchased a piece of undeveloped land for RMB 911.46 million in Qingdao, Shandong Province, sources reported. The land, located in the city's
4 May 2009
14. Shandong Chenming Paper's net profit up 10.9% in 2008
Shandong Chenming Paper Holdings<000488><200488><1812>, a key paper producer in China, today announced its annual report for fiscal year 2008, which shows net profit reaching around RMB 1.1 billion, up 10.9% year on year.The company's revenue increased 3.7% from a year earlier to about RMB 15.43
9 April 2009
15. Anheuser-Busch to build beer project in Tangshan
Anheuser-Busch, the world's second-largest brewer, will spend an initial US$40 million this year to complete the first phase of a new brewery project in Fengnan District, Tangshan City, Hebei Province, according to the local Commercial Bureau.When the first phase of construction is complete, the facility will
8 April 2009
16. Wanjie High-tech wins RMB 5.09-bln property project
Shandong Wanjie High-tech Co Ltd<600223> said one of its wholly-owned subsidiaries won a bid for an urban redevelopment project for RMB 5.09 billion in Qingdao, Shandong Province, sources reported. Located in Qingdao's southern area, the project will cover land area of 122,183 square meters (sq m) and
8 April 2009
17. Jiangsu Baolong Group begins RMB 2-bln resort in Shandong
Jiangsu Baolong Group has begun constructing a RMB 2 billion resort in Haiyang, Yantai City, Shandong Province, sources reported.The resort project, the fourth large project the group is building in the province, has a potential floor area of 900,000 square meters and will include five-star hotels, shopping malls and
6 April 2009
18. Aeon to open Ministop convenience store in Qingdao
Aeon Co Ltd, the largest retailer in Japan, announced that it will open its first Chinese convenience store in Qingdao, a coastal city in Shandong Province, the Japan Economic Times reported.Aeon will open a convenience store under the Ministop brand this summer, and plans to increase the number of its
6 April 2009
19. Weihai Huadong Automation to issue 35 mln shares
Shandong-based Hi-Tech firm Weihai Huadong Automation Co Ltd<002248> today announced it will issue up to 35 million shares to finance a technological innovation plant for large-sized numerical control machine tools, sources reported.The share issuance will bring in around RMB 350 million. RMB 254
20 March 2009
20. Shandong Bohui Paper to issue RMB 975 mln in convertible bonds
Shandong Bohui Paper Industry Co Ltd<600966>, a Chinese paper manufacturer, today announced that it will issue up to RMB 975 million in five-year convertible bonds, dropping its original plan to issue corporate bonds, sources reported.The company's board of directors has passed a proposal to issue convertible
19 March 2009
 
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