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  • April 17, 2014
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  1. Homeowners plan to sue giant developer

    Posted Sep 13th 2010, 12:00am by Staff Reporter

    ... Alice Yan Hundreds of Shanghai homeowners are planning to sue China Vanke, the mainland's biggest publicly traded developer, accusing it of selling a building in their housing estate ... residents say they paid about 50 per cent more for their flats in 2001 than it would have cost to buy elsewhere in the district, because of their trust in the Vanke brand. They lived ...

  2. Citic Capital fund invests in Shanghai, Dalian projects

    Posted Feb 04th 2009, 12:00am by Peggy Sito

    ... Fund II, launched in 2005, Citic Capital teamed up with China Vanke to invest in Foshan, Dongguan and Suzhou. In the third fund, Mr Ching said China Vanke and Shanghai Real Estate could ... the government's massive subsidised housing programmes for low-income earners,' Mr Ching said. 'However, the most interesting point about China is its huge market which presents numerous ...

  3. Analysts warn of earnings decline at property firms

    Posted Aug 16th 2010, 12:00am by Peggy Sito

    ... China Vanke said its first-half net profit rose 11 per cent from a year earlier because of stronger sales while Poly Real Estate, a major subsidiary of state-owned Poly Group, announced that its ... and all these will affect their earnings in 2011 and 2012.' Lee said earnings were expected to peak this year and a slide would start from there. China Overseas Land & Investment, ...

  4. Developers upbeat on second half

    Posted Jun 03rd 2009, 12:00am by Yvonne Liu

    ... Chiang said. According to mainland media reports, China Vanke chairman Wang Shi agrees the property market has turned around. 'But China is a big market. The markets of each city have ... unemployment rates, and in China the majority of unemployed are in the low-income group and are not potential buyers of property,' Mr Lee said. Home sales on the mainland reached 162 million ...

  5. China Southern chairman moves to China Eastern

    Posted Dec 13th 2008, 12:00am by Charlotte So

    ... Charlotte So Liu Shaoyong, chairman of China Southern Airlines, has been appointed chairman of rival China Eastern by the central government, putting him in a position to help restructure mainland carriers. Mr Liu had already relocated to an office at China Eastern Air Holding, his secretary said yesterday. Mr Liu replaces Li Fenghua as head of the Shanghai-based carrier, a move ...

  6. China Shenhua wants to be the Wal-Mart of coal

    Posted Mar 29th 2011, 12:00am by Eric Ng

    ... Eric Ng China Shenhua Energy has budgeted 15.9 billion yuan (HK$18.86 billion) this year to expand transportation and logistics infrastructure as part of its strategy to become ... centre in Gaolan, Zhuhai. China Shenhua has a 40 per cent stake in the venture. Chief executive Ling Wen said the project would cost 'several billion' yuan. The firm has a 40 per cent ...

  7. China Telecom's growth disappoints

    Posted Mar 23rd 2011, 12:00am by Sophie Yu

    ... Sophie Yu China Telecom, the mainland's largest fixed-line operator by subscriber numbers, yesterday reported slower than expected net profit growth for last year, at 9.3 per cent. ... and more for its fixed-line business. China Telecom, also the country's third-largest wireless network operator, said it would purchase code division multiple access (CDMA) networks next year ...

  8. Rights issue targets China's 10m new homes

    Posted Mar 19th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih China State Construction International Holdings plans to raise at least HK$3.58 billion through a rights issue to build more infrastructure projects on the mainland, the firm announced yesterday. Shares of the construction firm, a subsidiary of state-owned China Overseas Holdings, fell 2.8 per cent to HK$7 yesterday. CSC will issue 597.36 million rights shares at HK$6 ...

  9. Japanese carmakers in China face damaging supply crunch

    Posted Mar 18th 2011, 12:00am by Staff Reporter

    ... Neil Gough Supply chain disruptions in the wake of last week's earthquake and tsunami in Japan may spell trouble for Japanese carmakers in China if the situation worsens or current ... and continuing uncertainties over when normal operations there will resume have raised concerns over potential forced stoppages at car factories in China, the world's biggest car market. Japan ...

  10. China, where luxury brands are in

    Posted Mar 05th 2011, 12:00am by Celine Sun

    ... Celine Sun in Beijing China's middle-class consumers are more interested in luxury goods and cars than those in Britain, the United States, Germany and Singapore, a survey on upmarket ... Tiffany. 'Luxury brands [in China] rank highly in the study and more than in any other markets we surveyed,' said Oliver Cartwright, regional managing director of Clear Asia. In China ...




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