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  • November 28, 2014
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  1. Beijing Auto plans to list assets in HK

    Posted Sep 28th 2005, 12:00am by Toh Han Shih

    ... Beijing Automotive injected its car manufacturing operations into its joint-stock unit, the plan was to increase the subsidiary's sales to one million vehicles worth 100 billion yuan in 2008, and at least 1.3 million vehicles in 2010, he said. 'We hope to make it into the Fortune 500 by 2010.' The company sold 531,000 cars worth 47.6 billion yuan last year, mainly sport-utility ...

  2. Johnson Electric profit drops 33pc

    Posted Jun 06th 2006, 12:00am by Toh Han Shih

    ... on April 27. We maintain our sell rating as we expect their business model may no longer be so value-creating, given the increasing manufacturing costs in China, higher debt or potential dilution ... continue to lose market share to overseas competitors and this is likely to maintain pressure on demand. 'With used [car] prices falling, willingness to accept price [increases] in the market ...

  3. Proton chooses production site in Dongguan

    Posted Feb 07th 2005, 12:00am by Toh Han Shih

    ... Toh Han Shih Malaysian manufacturer hopes to make Lotus sports cars in China one day Malaysian car manufacturer Perusahaan Otomobil Nasional (Proton) plans to set up a plant in Dongguan's Humen township, where initially it will produce 50,000 saloons a year. Proton has signed an agreement to establish a manufacturing joint venture with Humen-based Guangdong Gold Star Heavy ...

  4. Rail and port cargo volumes start to revive

    Posted Aug 05th 2009, 12:00am by Toh Han Shih

    ... 10 percentage points faster than June's growth rate, the transport ministry said. Mainland demand for iron ore is driven by factors such as infrastructure, car manufacturing and stronger ... infrastructure and cars to tackle the economic crisis. As a result, average daily rail cargo traffic grew 0.3 per cent to 9.14 million tonnes last month, the first positive year-on-year growth since ...

  5. Container and truck maker CIMC says earnings may drop up to 60pc

    Posted Jan 24th 2009, 12:00am by Toh Han Shih

    ... container cars. CIMC also has a car manufacturing joint venture with mainland carmaker Chery Automobile that will start operations next year. CIMC shares fell 2.01 per cent to 6.83 yuan in Shenzhen ... manufacturer of containers. It is also involved in vehicle manufacturing, petrochemicals, marine fabrication and the production of food, beverage and airport equipment. On January 9, a subsidiary CIMC ...

  6. Wuhan aiming to ship cargo directly to Asia

    Posted Aug 24th 2009, 12:00am by Toh Han Shih

    ... to travel between Wuhan and Asian ports because of the time saved on transshipment in Shanghai. 'Hubei needs to import car parts from Japan for its car manufacturing industry, so ...

  7. Sofa maker seeks global partners

    Posted Nov 04th 2005, 12:00am by Toh Han Shih

    ... are an important future strategy for us in upgrading our expertise and gaining customers,' Mr Lee said. 'Our growth areas are global alliances, cars and our manufacturing facility in Haining, ... Toh Han Shih Kasen International Holdings, the biggest Chinese leather sofa manufacturer, is seeking international partnerships. The Hong Kong-listed firm was holding talks with US ...

  8. Electric car buzz drives BYD shares to new high

    Posted May 23rd 2009, 12:00am by Toh Han Shih

    ... to 32 per cent from 23 per cent in 2007. 'BYD's share price reflects the optimism over China's car sales,' said Mr Chan. On May 8, the China Automobile Manufacturers ... Toh Han Shih BYD's share price raced to a record high yesterday, driven by market bullishness about the mainland carmaker's electric car hopes. The stock rose 11.01 per cent ...

  9. State firms plan tie-up to form car parts giant

    Posted May 26th 2009, 12:00am by Toh Han Shih

    ... turnover was 6.58 billion yuan and net profit was 503.78 million yuan last year. Shandong Auto is a manufacturer of vehicles and car parts. Shares of Weichai Power closed up 5.8 per cent yesterday ... Toh Han Shih Three state-owned companies in Shandong- two diesel engine manufacturers and a maker of earth-moving equipment- said yesterday they planned to merge to form a giant vehicle, ...

  10. Firms join pre-Christmas fund rush

    Posted Nov 30th 2005, 12:00am by Toh Han Shih

    ... million before tomorrow's trading debut, a source familiar with the deal said. The car-parts manufacturer offered 200 million shares at $1.98 to $2.56 each through sole sponsor and bookrunner ... their retail tranches to market today, competing to raise a combined $2.34 billion before the Christmas holidays. Silk apparel manufacturer China Ting Group, which is set to have the largest offering ...




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