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  • April 25, 2014
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  1. Business - Commodities - ENERGY

    Husky bullish on gas exploration potential in South China Sea

    Posted Apr 02nd 2014, 05:45am by Eric Ng

    ... bullish on South China Sea potential The deepwater regions of the northern South China Sea have big gas exploration potential and are only in an early stage of development, a senior manager ... an 18-year deal with CNOOC to sell the output from the first two fields to CNOOC Gas & Power, a unit of CNOOC's parent China National Offshore Oil Corp. For the first five years, a price ...

  2. News - China - CORRUPTION

    Two more senior China Resources bosses held in wake of Song Lin graft probe

    Posted Apr 24th 2014, 05:01pm by Keith Zhai, Zhang Hong, Eric Ng, Sophie Yu, Peggy Sito

    ... under investigation for corruption, sources familiar with the matter have revealed. China Resources Capital Holdings chief executive Wu Ding, 49, was taken away hours after the Communist ... Keith Zhai, Zhang Hong and Eric Ng Inquiry at China Resources group is widening, sources reveal, with senior bosses taken away after graft probe of ex-chairman is announced Song Lin: Two ...

  3. Business - China Business - BUSINESS

    Beijing names outsider Fu Yuning chairman of China Resources after sacking of Song Lin

    Posted Apr 23rd 2014, 11:24pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Outsider takes China Resources helm Fu Yuning, a 15-year veteran of state-owned ports-to-financial services conglomerate China Merchants Group, has been appointed chairman of China Resources Holdings (CRH), five days after former head Song Lin was placed under investigation for corruption. The swift appointment by Beijing was seen as a move to shore ...

  4. Business - China Business - COMPANY PROFILE

    The colourful mainland and Hong Kong history of graft-hit China Resources

    Posted Apr 23rd 2014, 12:50am by Eric Ng

    ... of graft-hit China Resources China Resources (Holdings), which has been under the media spotlight in the past week over news that its former chairman has been probed by the Communist Party's graft ... and development," China Resources Holdings said in a statement on its website on Monday. ...

  5. News - China - CORRUPTION

    Fallen China Resources chief Song Lin was an honest child, uncle says

    Posted Apr 22nd 2014, 05:01pm by Angela Meng

    ... Angela Meng angela.meng@scmp.com China Resources chief 'was an honest child' More details have emerged from the relatives of the disgraced China Resources chairman about his ... higher. When the family came to the funeral of Song Lin's father, Song Jibin says he advised his nephew, who by then was on his way to becoming China Resources' general manager, ...

  6. China Gas dumps Hai Xia envoys from board

    Posted Apr 27th 2011, 12:00am

    ... Denise Tsang Infighting at China Gas Holdings reached new levels yesterday after shareholders dumped a former chairman and vice-chairman from the board in a marathon and sometimes ... chaebol with a 9.7 per cent interest in China Gas, Oman Oil with 5 per cent, Gail of India with 4.6 per cent and Asia Development Bank with 3.4 per cent, voted to remove Li and Xu. Hai Xia holds ...

  7. News - Hong Kong - CORRUPTION

    ICAC erases references to fired China Resources boss Song Lin

    Posted Apr 20th 2014, 05:27am by LANA LAM AND KEIRA LU HUANG

    ... Lana Lam and Keira Lu Huang Watchdog erases references to disgraced China Resources boss, who was head of ethics panel ICAC quickly distances itself from Song Lin Hong Kong's graft watchdog was quick to distance itself from fired China Resources boss Song Lin, erasing from its website references to his role as head of its ethics committee. Bosses at the Independent Commission ...

  8. News - China - CORRUPTION

    China Resources chairman Song Lin sacked in corruption scandal

    Posted Apr 20th 2014, 05:24am by Staff Reporters

    ... the party's organisation department, said Song, 51, was dismissed from his post as chairman and party boss of China Resources Holdings, the parent group of five Hong Kong-listed companies, including ... Staff Reporters Journalists' campaign ends in once HK-based Song Lin's dismissal for 'serious violations of discipline' after claims of affair with banker China ...

  9. Comment - Insight & Opinion

    Amid Ukraine fallout, China emerges as the surprise winner

    Posted Apr 22nd 2014, 06:00pm by Frank Ching

    ... context' A decade ago, when Chen Shui-bian was president in Taiwan, there was a movement to hold a referendum to declare the island independent of China. At the time, Beijing took the position ... that China was on its side, the United States actually moved closer to China. Putin is scheduled to visit China next month, and the expectation is that an agreement on natural gas will finally ...

  10. Business - Banking & Finance - CORRUPTION

    China Resources chief Song Lin sacked as UBS probes banker’s alleged affair, finance ties

    Posted Apr 19th 2014, 12:06am by George Chen, Ray Chan

    ... George Chen and Ray Chan UBS won business from China Resources soon after she joined bank Focus on banker's dealings with firm Song Lin, the top official of state-owned conglomerate China Resources who is under investigation for suspected corruption, has been sacked as chairman of the firm, the official Xinhua news agency said on Saturday. Citing an official ...




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