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  1. China is as China does

    Posted Oct 12th 2011, 12:00am

    ... Kevin Rafferty Fraser Howie is scathing about foreigners' blinkered views, particularly those of his financial colleagues who believe they are God's gift to a reforming China. 'The managements of these top firms genuinely believe that China is reforming and say 'we will be in there and China needs us.' So often I hear management talking about, 'China ...

  2. China Overseas lifts sales mark

    Posted Aug 11th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com China Overseas Land and Investment has lifted its full-year property sales target by a quarter to HK$100 billion, despite believing ... interim results that China Overseas Land achieved a record high of HK$65.15 billion in property sales in the first half of this year, an increase of 24.7 per cent from the year-earlier half. ...

  3. Battle over China Gas takes new turn

    Posted Aug 03rd 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com The reinstatement by China Gas Holdings of former managing director Liu Minghui as a non-executive director, and his likely reappointment as an executive ... brokerage's analyst who covers China Gas but asked not to be named due to company policy. Liu was managing director from July 2002 to January last year when he was removed, after it was revealed ...

  4. PetroChina invests in Qatar natural gas project

    Posted Jul 27th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com PetroChina has agreed to acquire a 40 per cent interest in an oil and gas exploration project in Qatar, the latest in a string of overseas investment deals by Chinese state-backed oil and gas companies. PetroChina, the nation's largest oil and gas producer, has signed an agreement to buy from French energy company GDF Suez 40 per cent ...

  5. China Gas may be in play if bid fails

    Posted Jul 05th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Gas has been in the news for the arrests of its top managers for suspected embezzlement, for a board row over the dismissal of an ex-chairman and now ... on its proposed US$2.2 billion joint bid with state-backed China Petroleum & Chemical (Sinopec) at HK$3.50 per share. That is a 25 per cent premium to China Gas' last traded price before ...

  6. ENN may sweeten its bid for China Gas

    Posted Jul 07th 2012, 12:00am

    ... Charlotte So charlotte.so@scmp.com One of China Gas' suitors, ENN Energy, says it may enhance its takeover offer after its shareholders voted yesterday in support of the bid, which was also extended by a month. With several other potential buyers joining the fray by raising their stakes in China Gas, which pushed up its share price, the offer by the consortium of ENN ...

  7. Sinopec plans China's biggest refinery

    Posted Jul 05th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Petroleum & Chemical (Sinopec) plans to spend 19.3 billion yuan (HK$23.7 billion) to build the nation's largest oil refinery in the eastern ... China Petrochemical Corp. It did not provide further details. But according to a Xinhua report last month, the project would have an annual refining capacity of 32 million tonnes ...

  8. Buy-back plan gives Soho China a boost in HK

    Posted Jun 29th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Hong Kong-listed mainland developer Soho China is planning to buy back up to US$200 million worth of shares, saying its share price doesn't reflect ... for the continued growth of the group's operation.' As of the end of last year, Soho China, which focuses on commercial property development in Beijing and Shanghai, had a total cash and bank ...

  9. Firms square off over China Gas

    Posted Jun 18th 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com The battle for the control of China Gas, one of the mainland's largest piped-gas suppliers, with 151 projects, is heating up as a key July 6 deadline looms. Since a consortium comprising ENN Energy, a smaller rival of China Gas, and Sinopec, China's No 2 oil firm, revealed an unsolicited US$2.2 billion bid for the company ...

  10. China Vanke to launch offshore push from HK

    Posted Jun 16th 2012, 12:00am

    ... Peggy Sito peggy.sito@scmp.com China Vanke, the biggest mainland-listed property developer by sales, plans to set up an overseas headquarters in Hong Kong in the second half of this year, ... details, but he said the company would first consider investing in developed markets such as the United States. A spokeswoman for China Vanke declined to elaborate. The new headquarters plan comes ...




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