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  • October 21, 2014
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  1. Developer denies defrauding four banks

    Posted Jul 19th 2005, 12:00am by Jonathan Li

    ... Jonathan Li A property developer carried out a string of bogus property transactions to defraud banks over mortgages worth more than $12 million, the District Court heard yesterday. The court was told Tai Chi-wah, 49, conspired with four others between January 2002 and May 2003 to defraud four banks in relation to $12.32 million in mortgages for four houses at the Villa Pinada ...

  2. Sharp rise in revenue, profit for developer

    Posted Apr 19th 2010, 12:00am by Wilson Lau

    ... into strategic co-operation agreements with the Bank of China and China Construction Bank, which will provide us with credit facilities of 19.05 billion yuan to support our future development ... Wilson Lau Property developer Glorious Property Holdings reported a sharp rise in its revenue and gross profit for last year, driven by strong demand for luxury residential projects ...

  3. Developing a special bond with China

    Posted Sep 21st 2010, 12:00am by Chris Davis

    ... the Organisation of Arab Petroleum Exporting Countries, oil-producing cartel Opec and numerous other international organisations. The kingdom is also a substantial contributor to the World Bank, the IMF, and a major provider of aid to developing countries. Al-Rowaily says Saudi Arabia has increased its oil-producing capacity by two million barrels per day in order to ensure supply and price stability. ...

  4. Mainland banks drive full speed into financing for new ships

    Posted Jan 13th 2011, 12:00am by Keith Wallis

    ... billion worth of ship finance loans between January and September last year. If the portfolios of smaller banks, including the Agricultural Bank of China, China Development Bank, China Merchants ... Keith Wallis Mainland banks are likely to have secured a record volume of ship finance deals last year as they supported Chinese and foreign shipowners with orders at Chinese shipyards ...

  5. Agricultural Bank of China seen as big future winner

    Posted Jul 05th 2010, 12:00am by Toh Han Shih

    ... and is doing similar road shows in Europe. Last month, Standard Chartered and Agricultural Bank signed an agreement to develop business opportunities together. Both banks agreed to explore ... Chinese bank went through without exception. We need to look at the journey of the development of China's banking industry.' Risk factors took up 30 pages in the bank's prospectus. ...

  6. China Mobile shares tipped to fall further over plan to buy bank stake

    Posted Mar 05th 2010, 12:00am by Staff Reporter

    ... a significant stake in Shanghai Pudong Development Bank. Chairman Wang Jianzhou has pitched the investment- possibly as much as 40 billion yuan- as key to growing the mainland carrier's mobile ... in Shanghai Pudong Development Bank will ensure deeper co-operation between China Mobile and the bank,' Wang said. He described the lender as 'the most suitable candidate for us to form ...

  7. Alibaba, Bank of China in e-commerce alliance

    Posted Jul 24th 2009, 12:00am by Staff Reporter

    ... business-management software supplier Alisoft.com and Taobao.com, the country's largest consumer e-commerce provider. Alibaba and Bank of China yesterday agreed to collaborate on developing ... Mainland internet giant Alibaba Group has forged a strategic long-term alliance with state-owned Bank of China Holdings to jointly pursue a range of e-commerce initiatives, including ...

  8. Insurance giant's bank stake raises eyebrows

    Posted Jun 22nd 2009, 12:00am by Wang Xiangwei

    ... from Shenzhen Development Bank and acquire the entire 16.76 per cent stake from Newbridge Capital, the Asian arm of the US private-equity group TPG, for 11.45 billion yuan in cash or 299.09 million H shares of the insurer. This will give the insurer about a 30 per cent stake in the bank. The announcement of the deal worth more than 22 billion yuan immediately triggered a sharp debate ...

  9. Bank pays HK$1.39b for tower in Central

    Posted Sep 02nd 2008, 12:00am by Yvonne Liu

    ... space to expand and prepare for our future development,' Mr Kwok said. Mr Fong said the bank could also generate extra gross floor area through redevelopment as the plot ratio of its ... Yvonne Liu Shanghai Commercial stuns market with HK$19,833 psf offer Shanghai Commercial Bank stunned the market by paying HK$19,833 per square foot, the highest since 2005, for its new ...

  10. Wenzhou group plans to launch private bank

    Posted Jun 18th 2004, 12:00am by Mark O'Neill

    ... signed strategic partnership agreements with Sinorich, while Shenzhen Development Bank said it had agreed to provide credit totalling one billion yuan. Sinorich is the second major private ... Mark O'Neill in Shanghai The Sinorich Consortium, a conglomerate launched in Wenzhou this week by nine private firms, wants to set up a bank as part of its growing financial muscle. ...




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