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  • November 26, 2014
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  1. Citic Pacific on shopping spree

    Posted Oct 15th 2003, 12:00am by Eric Ng

    ... cent bank deposit rate would be favourable for the company,' he said, adding the power acquisition should provide a 15 per cent return to shareholders. Citic is sitting on HK$26 billion ...

  2. Goldman cuts forecasts on energy, metals

    Posted Oct 14th 2008, 12:00am by Eric Ng

    ... 10.2 per cent on Friday to US$77.70. The rally was prompted by news that global governments would provide substantial loans, guarantee bank deposits and invest directly in financial ... Eric Ng Goldman Sachs has joined other brokerages in slashing their forecasts on energy and metal prices to reflect a looming recession caused by the global financial meltdown. The US bank ...

  3. Strong Petrochemical faces testing times

    Posted Dec 24th 2008, 12:00am by Eric Ng

    ... deposits to obtain additional banking facilities to fund planned trading volume expansion. Strong Petrochemical plans to pay out 30 per cent of its net profit as dividend for the year to March next ... especially given the fact this is a small-cap company offering investors little trading liquidity,' said Credit Suisse private banking vice-president of equity research, Timothy Fung. ...

  4. Shenzhen bank expects earnings to plunge 77pc

    Posted Jan 13th 2009, 12:00am by Eric Ng, Nick Westra

    ... that barred small and medium-sized banks from lending more than 75 per cent of their deposits. Meanwhile, concern that the Royal Bank of Scotland Group had obtained consent from Bank of China to sell ... Eric Ng, Natalie Chiu, Nick Westra and Wong Ka-chun Shenzhen Development Bank said yesterday it expected to post a 77 per cent plunge in profits for last year, becoming the first mainland ...

  5. Sinochem named in Iraq bribes report

    Posted Nov 01st 2005, 12:00am by Eric Ng, Stuart Biggs

    ... regime were made through intermediary companies in Iraq or deposited in Iraqi-controlled banks in Jordan and Lebanon. Cash deposits were also made to Iraqi embassies in places such as Moscow. One ...

  6. Campaign shuts down currency syndicates

    Posted Feb 25th 2005, 12:00am by Eric Ng

    ... illegally traded 520 million yuan worth of foreign currencies by asking clients to deposit yuan into a mainland bank account and transferring an equivalent in foreign exchange ... campaign. In a joint press conference yesterday, the Ministry of Public Security, the People's Bank of China and the State Administration of Foreign Exchange (Safe) said they meted out 19.43 ...

  7. Beijing Datang to spend $12b in expansion drive

    Posted Aug 26th 2003, 12:00am by Eric Ng

    ... billion yuan in money supply from the banking system by directing commercial lenders to keep more of their deposits with the People's Bank of China. 'We have many credit lines: 10 ... to dispose of non-core assets overseas. They include United States-based Sithe and Mirant Corp. Foreign investors also lack access to easy domestic bank financing enjoyed by state-owned firms. Backed ...

  8. Glass makers return mixed results

    Posted Aug 30th 2003, 12:00am by Eric Ng

    ... and the rest through bank loans. Luoyang Glass blamed its widening loss on a 110 million yuan provision for bad debts, owed by associate firms. It also blamed a 4 per cent rise in fuel cost. The H share was refused withdrawal of a 23 million yuan deposit placed at Guangdong Development Bank in 1998 on the grounds that a property company failed to repay a 21.85 million yuan loan to which ...

  9. CNOOC faces crunch time on Unocal

    Posted Jul 18th 2005, 12:00am by Eric Ng

    ... a US$2.5 billion compensation fund deposit at US investment bank JP Morgan, against which Unocal shareholders can make claims should CNOOC walk away from a potential takeover agreement. Unconfirmed ...

  10. Bond float plan sends Gome shares tumbling

    Posted Sep 24th 2009, 12:00am by Eric Ng

    ... Gome had 3.65 billion yuan of convertible bonds and 310 million yuan of bank loans outstanding at the end of June. It had cash of 2.71 billion yuan and pledged deposits of 7.4 billion yuan. ...




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