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  1. Companies pile into market in $2b flurry

    Posted Jul 15th 2005, 12:00am by Carmen Chan

    ... Carmen Chan and Fiona Lau ACC Acoustic Technologies, Hong Kong Economic Times seek to list next month At least four companies are lining up to tap the Hong Kong market for a total of about ... won stock exchange approval for its $200 million offering. The company is set to start briefing investors on the share sale today, with its listing planned for early next month. Mainland ...

  2. Lukewarm IPO response fails to deter companies

    Posted Jun 30th 2005, 12:00am by Staff Reporter

    ... will not rule out any possibility of business co-operation with them.' The company enjoyed 122 per cent profit growth of $19.7 million in 2003, but its total profits slipped 8.2 per cent to $40.3 ... Alltronics' irrigation controllers, carbon monoxide detectors, smart cards and audio equipment accounted for about 60 per cent of the company's turnover last year. The firm has seen steady profit ...

  3. Companies to brave chilly waters with IPOs

    Posted Mar 30th 2004, 12:00am by Staff Reporter

    ... two more companies are launching Hong Kong share offerings today. Shandong Molong Petroleum Machinery, a manufacturer of petroleum extraction machinery, plans to raise up to $105.08 million ... for new routes. Sources earlier said the company planned to sell 53 million shares. Retail subscription for both IPOs will open today, with trading scheduled to begin on April 15. Shandong ...

  4. Translation company seeks $20m in GEM float

    Posted Nov 27th 2003, 12:00am by Staff Reporter

    ... for translation services. Established in 1998, the fledgling company said it would use the proceeds mainly to invest in marketing and its online translation platform- www.lingoworld.com- which ... on turnover of about $40 million last year. In 2001, net profit was about $6 million on turnover of about $30 million. The company expects its online translation platform- which mainly serves ...

  5. Companies profit little from consumer drive

    Posted Nov 07th 2003, 12:00am by Staff Reporter

    ... that may not translate into profitable companies. Chinese consumers spent US$764 billion last year on consumer goods and have been increasing their spending at almost 15 per cent per year, making ... occurred in medicine, education, and travel- all things to which a wealthy middle-class chooses to devote its free cash. But many issues with China and its companies suggests this explosion ...

  6. Online travel company eLong has grand plans for the mainland

    Posted Nov 20th 2004, 12:00am by Staff Reporter

    ... E-commerce travel companies Ctrip and eLong have built internet portals, combining them with traditional telephone sales, to tap the growing domestic travel market. Both firms have tapped western ... big fans. The company raised US$70 million in an initial public offering on October 28, listing on Nasdaq at US$13.50 per share. The stock is now trading at US$24.30. ELong posted a 9.3 ...

  7. BenQ pays US$5m for film company

    Posted Sep 20th 2004, 12:00am by Tim Culpan

    ... TIM CULPAN in Taipei Borrowing a page from Sony's acquisition play book, Taiwanese electronics maker BenQ has set up shop in Hollywood by buying a film production company. BenQ ... and Sledge. Mr Sheng said his company would focus on making English-language films. Producing these was expected to help the Taiwanese film industry cross the international language barrier, which ...

  8. IBM partner has large-scale plan to aid commerce

    Posted Jun 28th 2005, 12:00am by Danyll Wills

    ... Danyll Wills Object Valley has a one-stop solution for all business needs IBM, THE WORLD's largest computer company, may not seem the obvious choice for an SME to turn to for help ... and help was difficult to find. 'There are all kinds of issues: document management; human knowledge; document recording; and now operational compliance. 'How is a small company going ...

  9. Moulin creditors hopeful of rescue

    Posted Jun 24th 2005, 12:00am by Enoch Yiu, Toh Han Shih

    ... liquidation yesterday, with creditor banks hoping that a rescue of the troubled company will salvage billions in outstanding loans. There were now 29 banks, led by HSBC Holdings, negotiating ... doesn't mean Moulin will go into liquidation,' Mr Sutton said. 'The focus will be on finding investors for the company and attempting a corporate rescue.' He said Moulin faced debts ...

  10. Zhejiang three aim for 2.2b yuan

    Posted Jan 20th 2005, 12:00am by Eric Ng

    ... Eric Ng Three Zhejiang companies aim to raise a total of up to 2.2 billion yuan through Hong Kong main board listings within the next two years. Hangzhou-based Greentown Real Estate Group vice-chairman Shou Bonian said his company was looking for a listing sponsor and had been in talks with JP Morgan. The 10-year-old company claims to be the largest property developer in the province ...




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