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  • November 23, 2014
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  1. GZI cuts development plans 25pc amid property slump

    Posted Sep 19th 2008, 12:00am by Carol Chan

    ... government, to cut its new property development plans this year by 25 per cent, but the group remains bullish about the sector's long-term prospects. The red-chip conglomerate's area for new development would fall to 880,000 square metres this year from the originally planned 1.18 million square metres, vice-chairman and general manager Zhang Zhaoxing said yesterday. The average selling ...

  2. Tianjin Development to expand in Binhai New Area

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

    ... Carol Chan Red-chip conglomerate Tianjin Development Holdings plans to expand its mainland financial business to tap emerging opportunities in Tianjin's Binhai New Area. 'Tianjin ... Jiansheng said after the port-to-winery conglomerate reported 120 per cent growth in first-half earnings. Mr Nie said Tianjin Development was exploring investments in commercial banking ...

  3. Raw materials sector in line for faster shake-up

    Posted Jul 04th 2009, 12:00am by Carol Chan

    ... Carol Chan Beijing will speed up consolidation of the raw materials sector with new policies to assist mergers and acquisitions, while hastening the development of high-technology ... mergers and acquisitions rules that include measures to deal with obsolete capacity elimination that will be worked out with the National Development and Reform Committee and the Ministry ...

  4. Wuhan Steel pays A$180m for half of Centrex mines

    Posted Dec 19th 2008, 12:00am by Carol Chan

    ... in a month, underscoring the company's ambition to secure overseas supplies of the raw material. Control of resources is important to the sustainable development of Wuhan Steel because it needs ... to jointly develop the Perth company's Wilcherry Hill and Hercules iron ore projects in South Australia. It also said it is interested in acquiring a share of Ironclad. Wuhan Steel will set up ...

  5. Evraz joins China Metallurgical for Cape Lambert mine project

    Posted Aug 01st 2008, 12:00am by Carol Chan

    ... Carol Chan Evraz Group, a mining firm partly owned by Russian billionaire Roman Abramovich, has teamed up with China Metallurgical Group Corp to develop the Cape Lambert Iron Ore project in Western Australia. The two companies would set up a joint venture to develop the 1.56 billion tonne iron ore project, Evraz said yesterday, without giving financial details. Evraz will have 75 per ...

  6. Angang denies plans to invest in Liaoning deposit

    Posted Jun 27th 2009, 12:00am by Carol Chan

    ... Steel Group, said in a statement that its parent was considering participating with a consortium in initial exploration and development. However, the company did not hold any stake in the deposit, nor had it signed any agreement with Shenzhen Yizongxin or the Liaoning Geological Bureau to invest in initial exploration and development. Some mainland newspapers said Benxi Steel would ...

  7. Heilongjiang targets 11pc economic growth

    Posted May 22nd 2009, 12:00am by Carol Chan

    ... on developing industries such as technology, pharmaceuticals and new energy, in addition to its four traditional pillar industries- equipment manufacturing, oil, food processing and wood processing- ... double-digit GDP growth and pave the way for future economic development, Heilongjiang was accelerating investments in infrastructure facilities such as expressways, railways, airports, and utilities ...

  8. Ansteel to study building plants in Australia

    Posted Jul 28th 2009, 12:00am by Carol Chan

    ... Development to conduct the study, according to a statement posted on the state government's website. Ansteel has a 36 per cent stake in Gindalbie and is jointly developing with that firm ...

  9. Chinalco takes up full count of Rio Tinto rights

    Posted Jul 03rd 2009, 12:00am by Carol Chan

    ... developments at the global mining giant. The subscription, which cost the Beijing-based company about US$1.5 billion, enabled it to maintain its 9 per cent stake in Rio. 'This was an economically ... opportunities to advance its strategic objectives,' the spokesman said, adding that the company, as Rio's largest single shareholder, would continue to monitor developments at the miner. ...

  10. Jiangsu Shagang acquires 45pc of Australian miner

    Posted Sep 26th 2008, 12:00am by Carol Chan

    ... in a transaction to create a company with a market value of A$1 billion (HK$6.52 billion) and ore reserves of 403 million tonnes, Grange said yesterday. Grange, which is developing the US$1.6 billion ... as much as 49.9 per cent of Murchison. 'The merger provides Grange with the financial capacity to accelerate the development of Southdown on favourable terms,' said Grange chairman ...




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