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  • April 20, 2014
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  1. CNOOC reaches deal to buy half of Australian energy company

    Posted Dec 09th 2010, 12:00am by Eric Ng

    ... but expensive and difficult to extract oil and gas resources, to help plug the gap between China's growing energy demand and domestic conventional energy supply. The company signed an agreement ... Exoma chairman Brian Barker said the company plans to drill 20 to 25 wells next year and about the same number in 2012. The total exploration budget for the two years is A$50 million. ...

  2. HK bus companies find the mainland's roads hard going

    Posted Nov 29th 2010, 12:00am by Anita Lam

    ... of New World First Bus (China), which holds 51 per cent of the joint venture Kunming New World First Bus. Operator of 55 bus routes in Kunming, the company incurred a record loss of 50 million ... for the company in 2005, when the fuel price was about 3.5 yuan per litre. The price has since almost doubled to 6.5 yuan per litre. 'There are no benchmarks and guidelines as to the calculation ...

  3. Flights of fancy by airline companies

    Posted Sep 14th 2010, 12:00am by Kevin Rafferty

    ... ambitions to build the world's largest airline company This is the number of airlines that British Airways hopes to buy: 12 ...

  4. Boutique hotel company expanding portfolio as demand rises

    Posted Oct 28th 2009, 12:00am by Sandy Li

    ... Sandy Li Boutique hotel developer National Properties Holdings plans to expand its hotel apartment portfolio over the next three years to tap into what it believes is fast-growing demand for smaller luxury hotels in Hong Kong. 'We have several projec ...

  5. Geely to move assets into listed company

    Posted Mar 06th 2004, 12:00am by Eric Ng

    ... a software company, but it formed joint ventures with Zhejiang Geely on car manufacturing last year, effectively paving the way for car assets to be injected into Guorun. Mr Li, who was speaking on the sidelines of the National People's Congress yesterday, has acquired an effective stake of about 20 per cent in Guorun. A company owned by Mr Li and three other investors owns about 60 per cent ...

  6. Motorbike companies buck trend and race ahead

    Posted Oct 18th 2004, 12:00am by Staff Reporter

    ... Leu Siew Ying The sun appears to be setting on the mainland's motorcycle industry, which experienced heady growth in the 1990s, but Jiangmen is planning to survive the crisis caused by overcapacity and bans on the two-wheelers in major cities. A late ...

  7. Correct company mindset key to success

    Posted Nov 08th 2003, 12:00am by Ken Lo

    ... Ken Lo OVER THE PAST several years, news of large company lay-offs has received scant attention, even when the lay-offs have happened at Sony, one of the world's most widely known ... (flat-screen TVs, car stereos), and instead rely on joint ventures with foreign companies as Samsung did in earlier years. To overcome the gap and reach the required product quality necessary to launch ...

  8. Pact to speed up expansion of retail companies

    Posted Jul 01st 2003, 12:00am by Peggy Sito

    ... $2.5 billion, while the minimum asset requirement is reduced to $10 million from $300 million. In addition, Hong Kong companies will be permitted to operate retail distribution businesses ... on jewellery and watches would also boost the company's business in view of the rising purchasing power and growing demand for luxury goods in China. Import tariffs on jewellery products range ...

  9. Business - Companies - FOOD

    Mengniu sets up yogurt venture with Danone

    Posted May 21st 2013, 12:00am by CCC

    ... in China Mengniu jumped more than 10 per cent yesterday after the company said it will introduce the French dairy-foods maker Danone as a strategic shareholder, with the two firms agreeing to set up a yogurt joint venture. The deal boosted investor confidence in the company, based in Inner Mongolia, which is expected to benefit from its new European partner's management ...

  10. Business - Money - EXCHANGES

    Index launch of exchanges' joint venture clears way for derivatives

    Posted Mar 18th 2013, 12:00am by Enoch Yiu

    ... and Shenzhen stock exchanges will launch two new indices today and will this month allow the first batch of financial companies to use the indices for launching derivative products. China Exchanges ... would be made this month." He did not disclose the names of the companies that are expected to get the first shot at the new indices but brokers believe these would be among the companies ...




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