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  1. Resources firms eye US$2b listings

    Posted Mar 05th 2004, 12:00am by Denise Tsang, Eric Ng

    ... Eric Ng in Beijing, Bei Hu and Denise Tsang Shenhua Group and Tangshan Guofeng Steel hope to take advantage of an industry boom Shenhua Group Corp, China's largest coal producer, and medium-sized steelmaker Tangshan Guofeng Steel plan to raise up to US$2 billion in separate overseas listings, taking advantage of a resources industry boom, according to banking sources. Shenhua, ...

  2. China Resources cuts spending after profit fall

    Posted Apr 01st 2009, 12:00am by Staff Reporter

    ... Jasmine Wang China Resources Enterprise will scale back capital expenditure to HK$6 billion this year after posting a 4 per cent fall in underlying net profit last year. Underlying profit, ... with the result,' said chairman Song Lin, who will step down from the post to concentrate on other businesses of parent China Resources (Holdings) on April 30. Managing director Chen Lang said the company ...

  3. China Resources sets sights on acquisitions

    Posted Sep 04th 2008, 12:00am by Carol Chan

    ... Carol Chan Red-chip conglomerate boosts war chest after 17pc growth in underlying earnings Red-chip conglomerate China Resources Enterprise is on the prowl for acquisitions after a 17 per ... acquisition opportunities for us as we have plenty of cash and a very low gearing ratio,' said managing director Mark Chen Shulin. Mr Chen said China Resources was in talks with several potential ...

  4. China Resources earnings contract 13.6pc in quarter

    Posted May 23rd 2008, 12:00am by Kandy Wong

    ... Kandy Wong Strong consumer business offsets shortfall from property China Resources Enterprise said yesterday first-quarter net profit fell 13.6 per cent to HK$639 million, dragged down ... profit attributable to shareholders increased 3.8 per cent on the strong performance of its consumer business. Sales grew 31.8 per cent to HK$15.87 billion. China Resources, a state-backed ...

  5. China Resources makes deeper push into piped-gas market

    Posted Jun 02nd 2004, 12:00am by Denise Tsang

    ... Denise Tsang The purchase of a 20pc stake in Zhengzhou Gas, worth about $207m, takes the red chip further away from its core business China Resources Enterprise will buy a 20 per cent ... Gas' state-owned parent, Zhengzhou Gas Group, yesterday signed a framework agreement that would see Zhengzhou Gas Group sell 250.3 million H shares in the company to China Resources ...

  6. Chinalco keeps vision of mining global resources

    Posted Jun 06th 2009, 12:00am by Carol Chan

    ... Carol Chan State-owned Aluminum Corp of China (Chinalco) will keep its dream of developing into a leading global diversified resources company alive despite the failure of its US$19.5 ... firms that have been keen to get their hands on natural resources to fuel China's rapid growth. Mei Xinyu, a researcher at the Ministry of Commerce's Research Institute of Foreign ...

  7. Citic seals $218m power deal

    Posted Dec 01st 2003, 12:00am by Denise Tsang

    ... largest trust firm, China International Trust & Investment Corp, said it had signed a contract on Friday forming a 70-30 joint venture with state-owned Wuxi Power. The joint venture, which ... venture provides an opportunity for the group to further expand its power business in China,' the blue chip said. The Wuxi joint venture will be added to Citic Pacific's existing ...

  8. Huaneng turnaround fires up power stocks

    Posted Oct 22nd 2009, 12:00am by Eric Ng

    ... cent to HK$2.54, China Resources Power Holdings surged 4.8 per cent to HK$18.06 and China Power International Development climbed 7.3 per cent to HK$2.35. Datang last night also posted a net ... to take a 30 per cent stake in a joint venture with controlling shareholders China Huaneng Group and Huaneng International Power Development that would build four nuclear power reactors ...

  9. Minister welcomes new player in power industry

    Posted Mar 31st 2005, 12:00am by Denise Tsang

    ... power to Hong Kong by buying electricity from China Power International's power plants, Mr Poon said. 'By leveraging cheaper resources in the mainland, we are confident that our ... welcomed the planned investment by media firm Vertex Communications and Technology Group, which has joined up with mainland giant China Power International Holding in a joint venture ...

  10. Coal giant Shenhua to focus on power operation

    Posted May 18th 2005, 12:00am by Eric Ng

    ... Eric Ng China Shenhua Energy, the nation's largest coal producer, has earmarked a large chunk of capital expenditure for its power business and has an option to buy a start-up power firm from its parent. Although its power operation accounts for only about 19 per cent of this year's turnover and 10 per cent of operating profit, Shenhua is expected to pour 44 per cent ...




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