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  1. Ripples from Li's lifeline go beyond CSCL

    Posted May 22nd 2004, 12:00am by Russell Barling

    ... with Tom.com and Vanda Systems & Communications Holdings. 'He's not infallible. He has placed a lot of shares with investors recently that have not been successful,' he said. ... Li's offering, and US$130 million was a small price to pay. The Cheng family-controlled NWS Holdings has a stake in Hong Kong's No3 terminal operator CSX World Terminals (HK) and owns ...

  2. Business - Banking & Finance - BANKING

    Hefty price puts ANZ plan to buy HK bank on hold

    Posted Sep 19th 2012, 12:00am by George Chen, Lulu Chen

    ... George Chen and Lulu Chen Australian lender had hoped to expand its presence in Asia but families controlling possible candidates hold out for more cash Hefty price puts ANZ plan to buy HK bank on hold Australia and New Zealand Banking Group, Australia's third-largest bank by market value, has abandoned a plan to expand in Hong Kong by acquiring a local bank, mostly because ...

  3. Business - Commodities - ACQUISITIONS

    Citic Resources says no to aluminium smelter purchases

    Posted Feb 26th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com The energy and metals arm of state-owned Citic Group will be 'cautious' about new asset deals Citic says no to smelter purchases Citic Resources Holdings, the energy and metals arm of state-owned conglomerate Citic Group, will continue to look for acquisition opportunities but will pursue them in a "cautious" manner, its chief ...

  4. Samling defends its business after Norwegian fund dumps holding

    Posted Mar 02nd 2011, 12:00am by Amanda Lee

    ... entire holding in a Samling subsidiary last month over environmental concerns. Samling Global made the comment yesterday after announcing a 34 per cent increase in net profit for the second half of 2010. The state fund of Norway, which has more than US$500 billion in assets, said it had disposed its holdings in Samling's Malaysia-listed subsidiary, Lingui Developments, because ...

  5. Business - China Business

    China Taiping Insurance may buy asset from parent firm

    Posted Jan 15th 2013, 12:00am by Kwong Man-ki

    ... parent, increasing its holding to 75 per cent. Belgian-based Ageas owns 24.9 per cent of Taiping Life. China Taiping said in an announcement that it would consider increasing its shareholding ...

  6. China telecoms firms may hold security risks for US

    Posted Jan 15th 2011, 12:00am by Kristin Jones

    ... with scuppered deals. In 2002, Hutchison Whampoa backed out of taking part in a bid to acquire a majority stake in Global Crossing, a company with strategically important holdings in high-traffic ...

  7. HK holds ship tied to Iran blacklist

    Posted Dec 23rd 2010, 12:00am by Irene Jay Liu

    ... Irene Jay Liu and Chris Ip Hong Kong officials have detained a ship linked to Iranian companies which the United States blacklisted in order to punish Iran for its nuclear and weapons activities. The Decretive, a Maltese-flagged container vessel, was deta ...

  8. Business - Commodities - ENERGY

    China Gas to buy Fortune Oil's gas assets

    Posted Dec 18th 2012, 12:00am by Eric Ng

    ... Oil's gas assets China Gas Holdings, one of the nation's largest city-gas distributors, has agreed to pay US$400 million for the gas assets of London-listed petroleum and gas distributor ... shareholders and Beijing's clearance after anti-monopoly vetting. Fortune and China Gas' largest shareholder Liu Minghui have a joint venture that holds 18.4 per cent of China Gas. ...

  9. Anshan Steel puts US plan on hold

    Posted Aug 20th 2010, 12:00am by Eric Ng

    ... Eric Ng Anshan Iron & Steel Group, one of the mainland's top producers of the alloy, has put its plan to invest in a US steel plant on hold in the face of political opposition. ... not received notice from the US government on any imminent investigation, but said strong political opposition saw it put the plan on hold. The investments of several mainland firms in the US have run ...

  10. Ruckus over family ties not holding developer back

    Posted Aug 25th 2010, 12:00am by Sandy Li

    ... Sandy Li For Hong Kong property developer Tony Yau Tang-tit, being the brother of a senior government official can have its drawbacks. This was certainly the case last year when Common Empire Development, of which he is an executive director, was in the s ...




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