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  • August 29, 2014
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  1. Business - China Business - GOVERNANCE

    Fujian Nuoqi red flags should have been spotted before IPO, analysts say

    Posted Aug 27th 2014, 01:27am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Nuoqi's IPO red flags were missed, analysts say Fujian Nuoqi should have disclosed more information on its two failures to list on the mainland before floating its shares in Hong Kong, and CCB International, the sole sponsor of the share sale, may possibly be disciplined, analysts said. The mainland fashion retailer had not given any ...

    http://www.scmp.com/business/china-business/article/1580995/fujian-nuoqi-red-flags-should-have-been-spotted-ipo-analysts
  2. Business - Money

    Lenders freeze Fujian Nuoqi deposits as hunt for chairman continues

    Posted Aug 20th 2014, 11:27am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Nuoqi bank deposits frozen Troubled mainland menswear retailer Fujian Nuoqi said several banks had frozen its deposits and demanded repayment of 454.5 million yuan (HK$573.4 million) in loans. Facing cash flow and debt problems, Nuoqi said it had decided to remove its missing chairman, Ding Hui, as a director because of recent unauthorised acts ...

    http://www.scmp.com/business/money/markets-investing/article/1577592/lenders-freeze-fujian-nuoqi-deposits-hunt-chairman
  3. News - Hong Kong - FORCED EXPULSION

    Hong Kong women seek official help with forced eviction in Fujian

    Posted Mar 30th 2013, 12:00am by Johnny Tam

    ... Johnny Tam johnny.tam@scmp.com Two permanent residents allege thugs gave them a thrashing over redevelopment compensation HK women seek official help with eviction in Fujian Two Hong Kong ... prompted by their refusal to accept an offer of compensation over a local government redevelopment project, they said. The attack, they claimed, saw the family evicted from the house in a Fujian ...

    http://www.scmp.com/news/hong-kong/article/1202768/hk-women-seek-official-help-forced-eviction-fujian
  4. Business - China Business - INVESTIGATIONS

    Fujian Nuoqi alerts police to cash transfers of missing chief Ding Hui

    Posted Aug 02nd 2014, 12:50am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Nuoqi alerts police to chairman's cash transfers Lax internal controls and poor corporate governance are seen as being behind the troubles of Fujian ... in Quanzhou, Fujian province. "I expect criminal charges will be brought if the chairman can be apprehended. The ongoing issue is the lack of an extradition treaty between Hong Kong and [the ...

    http://www.scmp.com/business/china-business/article/1564558/fujian-nuoqi-alerts-police-cash-transfers-missing-chief-ding
  5. Business - China Business - COMPANIES

    Executive director at trouble-hit Fujian firm steps down

    Posted Jul 26th 2014, 01:39am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Executive at trouble-hit Fujian firm steps down An executive director of mainland menswear manufacturer Fujian Nuoqi, which this week was at the centre ... Weibo microblogging platform on Wednesday night, when Chen Liling, the general manager of a footwear material provider in Quanzhou, in Fujian province, accused Ding and his wife of racking up ...

    http://www.scmp.com/business/china-business/article/1559387/executive-director-trouble-hit-fujian-firm-steps-down
  6. Guangdong plans to boost eastern cities

    Posted Sep 01st 2009, 12:00am by Chloe Lai

    ... of cities. The provincial government also saw opportunities for the eastern cities to promote economic integration between Fujian and Taiwan, as the four cities were geographically and culturally close to Fujian, they said. But they were sceptical on whether the vision could be realised, as the Guangdong government must provide substantial support such as investment projects. 'The ...

    http://www.scmp.com/article/691159/guangdong-plans-boost-eastern-cities
  7. Hongxing aims to beat foreign players in sportswear sector

    Posted May 25th 2009, 12:00am by Staff Reporter

    ... an internationalised image to woo Chinese consumers.' Mainland sportswear makers, including Fujian Peak Group, are grappling with an invasion by big foreign names, as an increasing number of youngsters ... sponsor of the Shanghai ATP Masters 1000 to be held in October. The Fujian-based company reported net profit of 56 million yuan (HK$63.6 million) for the first quarter of this year, down 50.9 per ...

    http://www.scmp.com/article/681423/hongxing-aims-beat-foreign-players-sportswear-sector
  8. CR Land buys two sites in Fuzhou for 1.8b yuan

    Posted May 30th 2008, 12:00am by Peggy Sito

    ... Peggy Sito China Resources Land has bought two sites in Fuzhou, the capital of Fujian province, for 1.8 billion yuan (HK$2.02 billion) in an auction without any rival bids, as developers face a credit crunch as a result of Beijing's austerity measures. The two residential-commercial sites in Jinshan district, the new expanded city centre, were withdrawn in the previous ...

    http://www.scmp.com/article/639524/cr-land-buys-two-sites-fuzhou-18b-yuan
  9. Magazines - 48hrs - TRAVEL

    Steeped in history: Wuyishan in Fujian

    Posted Jun 11th 2014, 10:49pm by LUCY GREWCOCK

    ... Text: Lucy Grewcock Wuyishan in Fujian province offers everything from demanding mountain hikes to serene rafting trips, and is home to some of the world’s most prized tea Covered in greenery, criss-crossed by clear streams, and home to a host of endemic species, the Wuyishan mountains rise out of Fujian province, forming a natural border with Jiangxi to the north. Of the 70 ...

    http://www.scmp.com/magazines/48hrs/article/1526746/steeped-history-wuyishan-fujian
  10. News - China

    Bus with Taiwanese tourists falls into river in Fujian, two dead

    Posted May 25th 2014, 11:54am by AP

    ... and injuring 11, state media reported. The bus carrying 26 people fell into a section of a major river in Fujian province at around noon Friday, China’s official Xinhua News Agency said. The 24 ... and a tour guide, both non-Taiwanese — were also rescued. The bus belonged to a travel company in Fujian’s Xiamen city. Xinhua said police were questioning the driver. More than 700 soldiers, police ...

    http://www.scmp.com/news/china/article/1519424/bus-taiwanese-falls-china-river-two-dead

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