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  • August 23, 2014
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  1. Business - Companies - FUNDRAISING

    Li & Fung to issue bonds to fund offshore acquisitions

    Posted Nov 02nd 2012, 12:00am by Celine Sun

    ... perpetual bonds to fund overseas acquisitions. Despite the plans to take on more debt, the stock rose nearly 1 per cent yesterday as investors bet the supplier would be able to use the acquisitions ... for business development and acquisitions. The company said the sizing and pricing of the bonds would be finalised after a book-building process. Bloomberg quoted a source as saying the company might ...

  2. Business - Companies - BROKERAGES

    Acquisition talk sparks rally in CASH Financial and associate Net2Gather

    Posted Sep 20th 2012, 12:00am by Jeanny Yu

    ... Jeanny Yu Jeanny.yu@scmp.com Associate firm also gains after a potential investor is said to be interested in broker Acquisition talk sparks rally in CASH Financial Shares in CASH Financial Services Group, a Hong Kong-based brokerage firm, and its associate Net2Gather (China) Holdings surged yesterday on speculation that a potential investor is interested in acquiring ...

  3. Business - Companies

    Wahaha seeks global acquisitions

    Posted Sep 14th 2012, 12:00am by Bloomberg

    ... Bloomberg in Shanghai Wahaha hunts for overseas acquisitions Hangzhou Wahaha Group, the beverage business owned by the mainland's richest man, is hunting for global acquisitions ... to rely on making overseas acquisitions." Wahaha reported a profit of US$1 billion on US$11 billion in sales last year. Its overseas drinks business, which sells tea products in South Korea ...

  4. Business - Companies - SHIPPING

    Cosco International seeks acquisitions to boost profits

    Posted Aug 23rd 2012, 12:00am by Keith Wallis

    ... an eye out for acquisitions Cash-rich Cosco International, the shipping services offshoot of China's largest shipping firm Cosco, is eyeing acquisitions both inside and outside its parent as it seeks to develop synergies with existing businesses. Chairman Ye Weilong said: "Several potential acquisitions are now under intensive study" following a detailed assessment of its ...

  5. Chu Kong on quest for acquisitions

    Posted Mar 24th 2012, 12:00am

    ... Eric Ng Eric.mpng@scmp.com Chu Kong Petroleum and Natural Gas Steel Pipe is seeking to acquire steel pipe makers serving the infrastructure and water industry. The Panyu, Guangdong-based firm, which makes pipes mainly for the oil and gas sector, has been ...

  6. Acquisition costs slash Sohu profit

    Posted Feb 07th 2012, 12:00am

    ... Bien Perez bien.perez@scmp.com Mainland internet media, gaming and search giant Sohu.com said yesterday that charges related to acquisitions caused a 39 per cent fall in net profit last ... months to December, which fell from US$41.5 million a year earlier owing to US$27.5 million in business acquisition-related impairment charges. Fourth-quarter revenue grew 42 per cent to US$246 ...

  7. Cosco sticks to its acquisition strategy

    Posted Sep 01st 2011, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Cosco International, the marine fuel, paint and ship-trading subsidiary of the mainland's largest shipping company, is targeting acquisitions ... the planned acquisition of marine fuels company Chimbusco, a 50-50 joint venture between Cosco Group and PetroChina, was taking so long, Wang replied that as Cosco was a state-owned enterprise ...

  8. Acquisitions propel CR Gas earnings

    Posted Aug 24th 2011, 12:00am

    ... into the second half, bolstered by acquisitions. CR Gas says it expects much of its growth from the proposed purchase of seven city piped-gas projects from its parent China Resources Holdings, a state-owned conglomerate. The acquisition is a HK$1.71 billion deal that is pending minority shareholders' approval on August 31. In the first half of this year, the seven projects recorded sales ...

  9. Yanzhou aims to grow by acquisition

    Posted Aug 23rd 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Yanzhou Coal Mining, the listed unit of the nation's fourth-largest coal producer Yankuang Group, will continue to acquire more assets abroad to help it reach its target of tripling its sales in 2015 from last year. Chief financial officer Wu Yuxiang said the Shandong province-based company would prefer to undertake its acquisitions ...

  10. Zijin budgets 5b yuan for foreign acquisitions

    Posted Aug 11th 2011, 12:00am

    ... it planned to spend 5 billion to 6 billion yuan on new projects this year. It also budgeted 5 billion yuan for overseas acquisitions- with Central Asia and Australia as prime targets, he said. ... Zijin said the cash raised would help buy copper concentrate for a new smelter, and pay for overseas acquisitions. Chen declined to say how the proceeds will be split, but plans were subject ...




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