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Results 1 - 10 of 10791 for china resources power

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  1. Business - Comment - MONEY MATTERS

    Silence over China Resources Power scandal shows directors in bad light

    Posted Jun 28th 2014, 01:04am by Shirley Yam

    ... in bad light What have the independent directors of China Resources Power Holdings been doing these days? In July last year, a journalist from the mainland's state media alleged Song Lin, the chairman of parent company China Resources Group, had been bribed to get the power producer to overpay for a coal mine. The company denied it had overpaid for the mine but conceded ...

    http://www.scmp.com/business/article/1542055/silence-over-china-resources-power-scandal-shows-directors-bad-light
  2. Business - Companies - GOVERNANCE

    Fresh lawsuit against China Resources Power looms

    Posted May 05th 2014, 05:38am by Eric Ng

    ... against CRP looms Minority shareholders of China Resources Power Holdings (CRP) plan a fresh lawsuit against the firm's directors if they can raise sufficient funds, sources close to the case ... known as China Resources Taiyuan, was formed in mid-2010 for the acquisition. It also agreed to assume 1.37 billion yuan of debt owed by companies owning the assets, according to court ...

    http://www.scmp.com/business/companies/article/1504442/fresh-lawsuit-against-china-resources-power-looms
  3. Business - China Business - MINING

    China Resources ignores calls from activist over mine 'irregularities'

    Posted Jul 05th 2014, 01:51am by Eric Ng

    ... Yuning to cancel its power unit's three coal investment deals, which Li said were full of irregularities. Speaking to reporters outside China Resources' headquarters in Wan Chai, Li, a former Shanxi Evening News journalist, urged Fu, who is not a director of China Resources Power Holdings, to use his influence to cancel the coal investments worth more than 30 billion yuan ...

    http://www.scmp.com/business/china-business/article/1547027/china-resources-ignores-calls-activist-over-mine
  4. Business - Companies - CORRUPTION

    China Resources sealed billions in deals without tenders, auditor finds

    Posted Jun 21st 2014, 03:14am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com In one case, auditors find HK-listed power unit sealed HK$14.7b deals outside usual practice China Resources bypassed tenders in huge contracts China Resources ... executives are already under investigation for corruption. Units under Hong Kong-listed China Resources Power in 2012 awarded contracts for project construction and engineering works, as well ...

    http://www.scmp.com/business/companies/article/1537292/china-resources-sealed-billions-deals-without-tenders-auditor
  5. Business - Commodities - ENERGY

    CRP 'has no plans' to play Hong Kong's power game

    Posted Mar 18th 2014, 01:11am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com CRP 'has no plans' to play HK's power game China Resources Power played down a recent call by two of its senior executives for Hong Kong to "nationalise" local power supply assets after it posted a 47 per cent profit rise for last year. President Wang Yujun said the opinion expressed by Li Jinying, deputy general manager of its new energy ...

    http://www.scmp.com/business/commodities/article/1451160/crp-has-no-plans-play-hong-kongs-power-game
  6. Business - Companies - COURTS

    Shareholders drop suit against China Resources Power directors but may launch a wider one

    Posted Jan 07th 2014, 03:19pm by Eric Ng

    ... bosses Six minority shareholders of China Resources Power have withdrawn their claim of a breach of fiduciary duties by the firm's directors after the High Court judge rejected ... the matter [about the leaked letters]," a CRP source said at the time. "In any case, the general manager of China Resources Coal ultimately responsible for obtaining permits had been ...

    http://www.scmp.com/business/companies/article/1399789/shareholders-drop-suit-against-china-resources-power-directors
  7. Business - Commodities - LEGAL

    China Resources Power bosses deny coal mine-purchase fraud accusation

    Posted Aug 20th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com China Resources Power chiefs deny irregularities Senior executives of China Resources Power maintain they are not aware of any irregularities concerning ... quality coal. China Resources Power's investment in them was not in conflict with its goal of enhancing coal self-sufficiency, since it could "swap" output with other coal miners ...

    http://www.scmp.com/business/commodities/article/1297911/china-resources-power-bosses-deny-coal-mine-purchase-fraud
  8. Business - Money - MERGERS

    China Resources Power shares surge on failed deal

    Posted Jul 22nd 2013, 02:43pm by Charlotte So

    ... surge on failed deal Shareholders of China Resources Power saw HK$4 billion added to the value of their holdings yesterday as the company's stock jumped 5 per cent after a merger deal with China Resources Gas lapsed. Some 64 per cent of CR Power's independent shareholders voted against the deal yesterday, in a result widely expected. The company is banned from trying ...

    http://www.scmp.com/article/1288423/china-resources-power-shareholders-reject-merger
  9. News - China - INVESTIGATION

    Beijing launches audit of China Resources

    Posted Jul 20th 2013, 12:00am by Eric Ng

    ... in the acquisition of three coal mines and related assets by China Resources' subsidiary China Resources Power Holdings (CRP) in early 2010. A joint venture 49 per cent-controlled by CRP bought an 80 ... Eric Ng eric.mpng@scmp.com Beijing launches audit of China Resources Beijing has launched an audit of China Resources (Holdings) after top managers of the conglomerate's electricity ...

    http://www.scmp.com/news/china/article/1286604/beijing-launches-audit-china-resources-holdings
  10. Business - Companies - GOVERNANCE

    China Resources investors await answers after overpaying accusation

    Posted Jul 24th 2013, 12:00am by Eric Ng

    ... Eric Ng in Taiyuan eric.mpng@scmp.com Sources say asset valuations used by buyers to justify prices amid doubts about impartiality of mine appraisers China Resources investors await answers Nearly a week after a whistle-blower publicly accused the management of China Resources Power of negligence in a major acquisition of coal assets, investors are nowhere nearer to learning ...

    http://www.scmp.com/business/companies/article/1289414/china-resources-investors-await-answers-after-overpaying

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