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1. Gemdale buys land in Shaoxing for RMB 1.36 bln
Gemdale Corp<600383>, which is principally engaged in developing residential property projects, won the bid for 14 pieces of land covering 450,000 square meters in Shaoxing, Zhejiang Province for RMB 1.36 billion in total, sources reported.The price is slightly higher than the RMB 1.353 billion starting price...
17 Nov 2009
2. ShangHai ShiMao buys land in Hangzhou for RMB 601 mln
ShangHai ShiMao Co Ltd<600823>, a subsidiary of Shimao Property <0813>, on Tuesday won the bids for two pieces of land in Hangzhou, Zhejiang Province for RMB 601 million in total, according to a statement filed with the Shanghai Stock Exchange.The company acquired one parcel for RMB 332.37 million or RMB...
13 Nov 2009
3. 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
4. Bank of Ningbo reduces size of private placement
Bank of Ningbo Co Ltd<002142>, one of three listed municipal commercial lenders in China, announced yesterday that it plans to downsize its private placement plan.The lender now plans to issue a total of 383.8 million shares, rather than the 450 million it planned previously. The issue price will still be RMB...
5 Nov 2009
5. Youngor buys land in Ningbo for RMB 1.18 bln
Youngor Group Co Ltd<600177>, which is engaged in manufacture of apparel and textile products and in property development, yesterday announced that it has won the bid for two pieces of land in Ningbo, Zhejiang Province for RMB 1.18 billion in total, sources reported.The Shanghai-listed firm spent RMB 474...
4 Nov 2009
6. Novartis to buy 85% stake in Chinese flu-vaccine producer
Novartis AG, the world's third-largest pharmaceutical company, said yesterday that it has reached an agreement with Zhejiang Tianyuan Bio-Pharmaceutical, one of the largest private makers of influenza vaccines in China, to buy an 85% stake in the Chinese firm.The Swiss company did not disclose any...
4 Nov 2009
7. China Guangdong Nuclear Power buys equipment worth RMB 1 bln
China Guangdong Nuclear Power Group, one of China's two major nuclear power plant operators, yesterday signed agreements worth as much as RMB 1 billion in total with 30 private enterprises of Zhejiang Province for nuclear power equipment procurement, sources reported.The agreement will enable...
3 Nov 2009
8. Hangzhou sees property transactions total RMB 14.32 bln
Hangzhou, the capital of Zhejiang Province, saw property transactions total RMB 14.32 billion in the first four months of this year, a year-on-year increase of 24.1%. The growth rate was 1.6 percentage points higher than in the same period of last year, according to market sources. In the first four months, Hangzhou
20 May 2009
9. Hangzhou Binjiang reaps RMB 2.15 bln in Jan-Apr
Hangzhou Binjiang Real Estate Group Co Ltd<002244> generated a total of RMB 2.15 billion in sales revenue in Hangzhou, Zhejiang Province in the first four months of this year, accounting for 11.2% of the total sales revenue of RMB 19.2 million in the city, according to data from local real estate website
11 May 2009
10. Bank of Ningbo sees Q1 net profit up 4.82%
Bank of Ningbo Co Ltd<002142> reported that its net profit increased 4.82% from the previous year to RMB 354 million in the first quarter of this year. The earnings per share were RMB 0.142 for the first three months of 2009.The bank earned operating revenue of RMB 955.22 million in the first quarter, indicating a
29 April 2009
11. Silvertie Holding acquires Zhejiang property for RMB 373 mln
Silvertie Holding Co Ltd<600683>, principally engaged in real estate development, domestic trade, and the export and import business, announced on Apr. 21 that its wholly-owned subsidiary has purchased a piece of undeveloped land in Fenghua City, Zhejiang Province for RMB 373 million, sources reported.
23 April 2009
12. Zhejiang's foreign trade may rebound
Eastern China's Zhejiang Province, experienced narrowing declines in its exports and imports in March, the official Xinhua News agency reported, citing recent statistics released by the local customs.Zhejiang's export value in March fell only 8.9% year on year to US$9.81 billion, compared with the 38.3% year-on-year
21 April 2009
13. Baosteel to invest RMB 2 bln in Shanghai-Hangzhou Express Railway
Baosteel Group, parent of China's largest steel maker, Baoshan Iron and Steel Co<600019>, decided to invest RMB 2 billion in the project company for the Shanghai-Hangzhou Express Railway, which has just finished the required commercial registration procedures, sources reported.
14 April 2009
14. Ping An Bank launches new credit center in Hangzhou
Ping An Bank Co Ltd, the banking unit of Ping An Insurance (Group) Co<601318><2318>, has launched a credit center for small and medium-sized enterprises (SMEs) in Hangzhou, the capital of Zhejiang Province, the Shanghai Daily reported.The move is in line with the bank's effort to boost credit to small
31 March 2009
15. Hangzhou issues 2nd batch of consumer coupons
Hangzhou, the capital of Zhejiang Province, on Wednesday offered a batch of coupons worth RMB 600 million to city residents and visitors, sources reported.Around RMB 250 million in consumer coupons will
20 March 2009
16. Zhejiang sees property prices decline in Feb
Zhejiang Province, a southern coastal area of China, saw a slide in property prices of 0.5% in February compared with January, the fifth consecutive monthly decrease, sources reported.In the first two months of this year, the property prices and vacancy rate of the province slipped 0.45% and 1.6% year on year,
19 March 2009
17. CITS to open branch in Ningbo
China International Travel Service (CITS), a Chinese tourism conglomerate, has obtained the approval from the China National Tourism Administration (CNTA) to open a branch in Ningbo City, Zhejiang Province, sources reported.The new branch aims to explore the higher margin travel market in the city and
16 March 2009
18. Shanghai Zhangjiang Hi-Tech net profit up 39.18% in 2008
Shanghai Zhangjiang Hi-Tech Park Development Co Ltd (ZJHTC)<600895> said its net profit amounted to RMB 528 million in 2008, up 39.18% year on year, with earnings per share (EPS) standing at RMB 0.38, sources reported.The company realized operating revenue of RMB 1.76 billion in 2008, of which operating
11 March 2009
19. Hangzhou to offer RMB 150 mln in tourism vouchers
Hangzhou, the capital of Zhejiang Province, will offer tourism vouchers worth a total of RMB 150 million to attract domestic tourists from the Yangtze River Delta Region and from Hong Kong, Macao and Taiwan, according to a representative of Hangzhou Tourism Committee, sources reported.
10 March 2009
20. Chinese telecom giants to invest RMB 100 bln in Zhejiang
China's three telecom giants, namely China Mobile<941>, China Unicom (Hong Kong) Ltd<600050><762> and China Telecom Corp Ltd<728>, Saturday signed strategic cooperation agreements with Zhejiang provincial government to invest more than RMB 100 billion in the
9 March 2009
 
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