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

    New Hope plans to build 50 food factories overseas in next five years

    Posted Aug 22nd 2014, 11:13am by Toh Han Shih

    ... agricultural companies. It plans to spend US$500 million in the next five years building food processing factories overseas, mainly in Southeast Asia, vice-president Wang Hang said at the China Goes Global conference in Shanghai on Wednesday. "We will build 10 factories every year for the next five years," he said. "In recent years, we have been globalising." Wang ...

  2. Business - Companies - EARNINGS

    Sinofert expects second-half pickup despite over-capacity concerns

    Posted Aug 22nd 2014, 09:41am by Eric Ng

    ... million) for the year’s first six months. It was within the 55 to 65 per cent profit decline warning it flagged early this month. Chief executive Wang Hongjun said product prices have rebounded ... are cautiously optimistic on second-half product prices Wang Hongjun, Sinofert “Low product prices have rendered many small and mid-size players in losses, which is favourable to over-capacity reduction ...

  3. Business - Companies - MANAGEMENT

    Troubled lighting firm NVC declares 'emergency' and moves headquarters

    Posted Aug 20th 2014, 11:41am by Enoch Yiu

    ... of the board." The company said this month that it was forming an emergency committee, comprising executive directors Wang Donglei and Xiao Yu and independent director Wei Hongxiong. Production ... Changjiang, who is based in Chongqing and is still in charge of the Chongqing operation. NVC announced on August 8 that the board had voted to dismiss Wu and install Wang as interim chief executive. ...

  4. Business - Companies - ACQUISITIONS

    Fosun shrugs off debt concerns as it looks for more overseas acquisitions

    Posted Aug 22nd 2014, 09:28am by Toh Han Shih

    ... European company that owns thousands of hotels", said Wang Jie, a vice-president and general counsel of the state-owned firm. "Money is not a concern. The challenge is getting human talent," Wang said. He declined to say whether Hong Kong-listed subsidiary Shanghai Jin Jiang International Hotels (Group), would take part in the acquisition of the European firm if the deal goes ...

  5. Business - Companies - BOARDROOM

    NVC Lighting chief Wu Changjiang fights dismissal as board row deepens

    Posted Aug 15th 2014, 11:47am by Toh Han Shih

    ... announced on August 8 that the board voted to dismiss Wu as chief executive and install Wang Donglei as interim chief executive. But in a filing to the stock exchange on Thursday night, NVC said Wu ... 8 meeting dismissed three vice-presidents: Wu's brother Wu Changyong, Mu Yu and Wang Minghua. The latest ructions in the boardroom have played out after disputes dating to 2012. Wu Changjiang ...

  6. Comment - Blogs

    Weibo: Execs joust in smartphone war, remember Robin Williams

    Posted Aug 20th 2014, 11:51am by Doug Young

    ... those executives were busy sparring on prices, another group were poking fun at comedian Wang Zijian, after media reported the actor famous for performing in the traditional xiangsheng cross-talk genre was preparing to launch his own smartphone line. Wang's move would come after another celebrity, English language instruction guru Luo Yonghao, also launched his own line ...

  7. Business - Banking & Finance - REFORM

    Bocom mulls stock incentives for executives

    Posted Aug 23rd 2014, 01:06am by BLOOM

    ... banking stocks, said Wang Yichuan, an analyst at Changjiang Securities in Wuhan. Executives appointed by the government at state-owned firms will be replaced by private-sector managers as reform ...

  8. Business - Commodities - RESOURCES

    Zijin Mining not optimistic on gold and copper prices

    Posted Aug 18th 2014, 02:11pm by Eric Ng

    ... output, improving downstream operations’ efficiency and seeking opportunistic acquisitions. The president of the Fujian-based miner, Wang Jianhua, said  yesterday he was not optimistic ... not necessarily have to be less than that of gold,” Wang said. “The key is a good understanding of the resources.” On Sunday night Zijin posted a 1 per cent year-on-year rise in first-half net profit ...

  9. Business - Commodities - ACQUISITIONS

    China Molybdenum looks for more overseas mining acquisitions

    Posted Aug 20th 2014, 01:34am by BLOOM

    ... metal," said Wang Min, a rare-metal analyst with Beijing Antaike Information Development. Shares in China Molybdenum have climbed 59 per cent this year, outstripping the 7.1 per cent increase ...

  10. Business - Commodities - ENERGY

    Coal prices set to stay low on mainland China for next 12 months

    Posted Aug 18th 2014, 04:01am by Eric Ng

    ... with the completion of new railways. The association's head, Wang Xianzheng, last month called on miners to cut output by at least 10 per cent to restore the demand-supply balance. The Shanghai Securities News quoted Wang Jinli, chairman of the sales unit of state-owned Shenhua, as saying the company has cut this year's planned output by 11 per cent. China Coal Energy, the listed unit ...




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