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  • October 31, 2014
  • Last updated: 10:16pm
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  1. Business - China Business - FUNDRAISING

    Shares in China Rongsheng Heavy jump on HK$3.2b fundraising plan

    Posted Oct 30th 2014, 10:47am by JING YANG, Toh Han Shih

    ... for the company, which would allow the company to seize suitable investment opportunities in the energy resources exploitation sector and develop into a more comprehensive energy service provider," ... Energy to "better reflect the expansion of the company's business with a more accurate display of the company's strategic positioning". The firm splashed out HK$2.2 billion ...

  2. Business - China Business - TELECOMMUNICATIONS

    Xiaomi takes No 3 spot in global smartphone market share

    Posted Oct 31st 2014, 06:04am by BIEN PEREZ

    ... to become the world's third-largest smartphone supplier. The Beijing-based company, which has been criticised for alleged blatant copying of Apple's iPhone and iPad, more than tripled ... of 29 banks, which have agreed to provide a three-year US$1 billion loan to the four-year-old company. This transaction, which will close today, marked Xiaomi's initial borrowing from ...

  3. News - World - Ebola virus

    Americans ‘can’t give in to hysteria or fear’ over Ebola: Obama

    Posted Oct 19th 2014, 03:39pm by Reuters in Washington

    ... of its handling of the crisis once the outbreak was under control. There is no cure or approved vaccine yet for Ebola but pharmaceutical companies have been working on experimental drugs. ...

  4. News - World - GEOLOGY

    National Guard to protect homes of those fleeing volcanic lava in Hawaii

    Posted Oct 31st 2014, 10:13pm by Reuters

    ... company said. ...

  5. News - China

    Beijing, Tianjin and Hebei sign tax cooperation agreement

    Posted Oct 31st 2014, 12:07pm by Mandy Zhou

    ... among cities can also be meaningful in helping businesses with possibly excessive tax burdens. “Many companies who are headquartered in Beijing but have their production bases in Hebei ... in order to attract companies.” The three cities differ greatly in their tax policies and overall economic power. Both Beijing and Tianjin have preferential tax policies in their flagship hi-tech ...

  6. Business - Companies - LISTINGS

    Fosun Pharmaceutical begins taking IPO orders from big investors

    Posted Oct 16th 2012, 12:00am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Shanghai pharmaceutical firm starts taking orders for much-delayed listing that is pitched as inexpensive and closely watched by market Fosun in I.P.O. push for big investors Shanghai Fosun Pharmaceutical will start taking orders from institutional investors today in a bid to raise up to US$593 million through a much-delayed initial public offering. ...

  7. Property - International - PROPERTY

    Chinese firm in talks to buy Australian property developer Meriton

    Posted Oct 29th 2014, 04:37am by Bloomberg

    ... Triguboff is in talks with a Chinese company to sell Australia's biggest homebuilder, which he founded more than 50 years ago. "It's of great interest for me to sell" Triguboff, 81, said in Sydney, adding that he last met with the interested buyer last week. He declined to identify the company. "I showed them my valuation, they're looking at their valuation; ...

  8. Business - Economy - PHARMACEUTICALS

    Ebolanomics touted as new business model required for battle against virus

    Posted Oct 24th 2014, 12:21pm by Reuters

    ... 2,400 people in four decades. Even now Ebola is unlikely to become a big money-spinner for pharmaceutical firms, since it afflicts the poor in Africa and the need for medical stockpiles ...

  9. Business - Money - COMMENT

    Shareholder value talk fails to live up to promise

    Posted Oct 30th 2014, 06:26am by Reuters

    ... James Saft Time to return to managerial culture with lower executive rewards and more long-term thinking Shareholder value talk fails to live up to promise The belief that companies exist ... of economist Milton Friedman, which reduces the competing interests and objectives of companies to one: a rising stock price. "The world's dumbest idea", investor James Montier of GMO ...

  10. Business - IPO

    Wuxi Sunlit Science and Technology plans Hong Kong listing

    Posted Oct 30th 2014, 11:32am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Producer of automation and control equipment aims to raise HK$247 million in IPO Wuxi Sunlit Science and Technology aims to raise HK$247 million from an initial public offering of H shares in Hong Kong. The company, which produces automation and control equipment, plans to offer 32 million shares, of which 3.2 million will be offered in Hong Kong ...




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