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  1. Acquisitions pay off

    Posted Oct 07th 2005, 12:00am by Staff Reporter

    ... HSBC, the parent of Hong Kong's biggest bank, will continue to acquire new businesses in emerging markets, after stronger than expected interim results released underscored the success of the strategy. China's contribution to group pretax earnin ...

  2. Shimao says acquisition will hurt its earnings

    Posted Jul 22nd 2005, 12:00am by Staff Reporter

    ... Foster Wong Shimao International Holdings yesterday issued a warning on its upcoming interim results, citing the recent acquisition of a loss-making commercial complex project in Suifenhe, ... be 'materially and adversely affected' by a goodwill impairment arising from last month's $496.22 million acquisition of Mr Hui's Suifenhe Shimao Development Project in Suifenhe. Under new ...

  3. Zijin may raise funds for acquisitions

    Posted Apr 09th 2005, 12:00am by Andy Chen

    ... Andy Cheng Mainland gold miner Zijin Mining Group will decide in July whether it will raise funds for its acquisition strategy. Chairman Chen Jinghe said yesterday the group, which runs the mainland's largest gold mine, planned acquisitions in Russia, Mongolia and other regional countries. 'If a large-scale acquisition is to be done, we may raise funds, possibly through new ...

  4. ICBC Asia in US$96m acquisition

    Posted Feb 08th 2005, 12:00am by Annette Chiu

    ... Annette Chiu Stanley Wong, a director and deputy general manager of Industrial and Commercial Bank of China (Asia), says the acquisition of Chinese Mercantile Bank will be completed next month. ICBC Asia shareholders approved the US$96.06 million deal yesterday. It will buy 75 per cent of the bank from parent ICBC and 25 per cent from Citic Ka Wah. ...

  5. $1b for acquisitions

    Posted Oct 07th 2005, 12:00am by Staff Reporter

    ... Giordano International has enough capital to embark on a $1 billion acquisition spree, the casual wear retailer said. The firm, which announced a profit rise of 10.65 per cent to $187 ... two years,' he said. With cash reserves of $727 million as at June, Mr Lau said the retailer could spend about $800 million to $1 billion on acquisitions. Giordano operates more than ...

  6. Yanzhou Coal seeks acquisitions

    Posted Aug 22nd 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu Yanzhou Coal Mining Company will seek acquisition opportunities in the second half, after reporting a 53.9 per cent year-on-year growth in net profit to 1.88 billion yuan for the first six months. Chairman Wang Xin revealed the company's intention to expand by acquisition in its interim results announcement yesterday. 'It is expected that the overall domestic ...

  7. Cosco goes full steam on acquisitions

    Posted Sep 23rd 2005, 12:00am by Russell Barling

    ... Russell Barling Cosco International Holdings vice-chairman Liu Guoyuan said the firm would keep looking for shipping-related acquisitions to boost core revenues after it announced yesterday that its recurrent interim earnings had jumped 34 per cent to $129 million. Ship trading and supply services- carried out largely in support of the activities of its parent, China Ocean ...

  8. On a learning curve in the tough game of acquisitions

    Posted Oct 01st 2005, 12:00am by Eric Ng

    ... Eric Ng AFEW YEARS ago, the overseas mergers and acquisitions by Chinese companies were hardly international news. But last December's US$1.75 billion acquisition by Lenovo Group ... of weaker players, if it manages to cut costs and raise efficiency of the merged entity. In the competitive global mergers and acquisitions arena, success has been minor compared to the number ...

  9. Eye on more acquisitions

    Posted Sep 05th 2005, 12:00am by Staff Reporter

    ... Wing Hang Bank chairman and chief executive Patrick Fung Yuk-bun says the bank is keen to look for further acquisitions on the mainland and in Macau following the lender's takeover of Chekiang First Bank. Wing Hang already has a branch each in Shenzhen and Shanghai but hopes to open a first sub-branch in the booming southern city later this year, ultimately growing to a network ...

  10. Fortune Reit sells shares to fund retail acquisitions in HK

    Posted Jun 16th 2005, 12:00am by Staff Reporter

    ... The proceeds will be used to finance the acquisition, announced in March, of six retail properties in Hong Kong for $3.4 billion, which will almost double the value of Fortune Reit's portfolio. ... said Yung Yu-ming, a fund manager with Ara Asset Management (Singapore), which manages Fortune. 'Our acquisitions don't necessarily come from Cheung Kong. What we are looking ...




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