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  • September 3, 2014
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  1. Business - Companies - INVESTIGATIONS

    Tianhe Chemicals hits back at analysts' claims of fraud

    Posted Sep 02nd 2014, 01:06pm by Toh Han Shih

    ... Analytics alleged. Another mainland company, Fujian Nuoqi, was hit by scandal just months after it listed in Hong Kong in January. In July and August, the garment retailer announced its chairman ...

    http://www.scmp.com/business/companies/article/1583571/tianhe-trading-halted-after-anonymous-analytics-allegations
  2. Comment - Insight & Opinion

    Due diligence by IPO sponsors paramount

    Posted Sep 02nd 2014, 04:49am by SCMP Editorial

    ... SCMP Editorial Due diligence on IPOs paramount The recent case of mainland fashion retailer Fujian Nuoqi is a reminder of why the Securities and Futures Commission wanted to amend the law to make sponsors of initial public offerings criminally liable for defective prospectuses that mislead investors. The company revealed that its chairman had disappeared, before announcing ...

    http://www.scmp.com/comment/insight-opinion/article/1583248/due-diligence-ipo-sponsors-paramount
  3. News - China - SMUGGLING

    Suspected 'snakeheads' face prosecution in Guangdong

    Posted Sep 01st 2014, 01:55pm by Kathy Gao

    ... Kathy Gao kathy.gao@scmp.com Nearly 500 people paid at least US$17,000 each to be smuggled off the mainland for either Brazil or Panama, police in Jiangmen say Thirteen suspects who smuggled nearly 500 Chinese nationals out of the country would be prosecuted soon, state media quoted police in southern Guangdong province as saying. The suspects, based in Guangdong and Fujian ...

    http://www.scmp.com/news/china/article/1582900/suspected-snakeheads-face-prosecution-guangdong
  4. Business - China Business - EARNINGS

    Titan Petrochemicals back in black after selling off assets

    Posted Sep 01st 2014, 11:06am by Ray Chan

    ... to HK$2.5 million from HK$20 million. Guangdong Zhenrong bought a majority stake in Titan from Fujian businessman Tsoi Tin-chun, paid off the debt of the shipyard Titan runs and bought its fuel ...

    http://www.scmp.com/business/china-business/article/1582812/titan-petrochemicals-back-black-after-selling-assets
  5. Business - China Business - FUNDRAISING

    361 Degrees plans offshore yuan bond issue

    Posted Sep 01st 2014, 10:01am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Fujian-based sportswear firm 361 Degrees International is looking to raise fresh capital through an offshore yuan bond offering after reporting interim results last month. In a filing with the Hong Kong stock exchange on Monday, the Chinese retailer said it had appointed Merrill Lynch International, CLSA and ING Bank’s Singapore branch as bookrunners ...

    http://www.scmp.com/business/china-business/article/1582768/361-degrees-plans-offshore-yuan-bond-issue
  6. Property - Hong Kong & China - PROPERTY

    Drop in mainland China home prices causing alarm

    Posted Sep 01st 2014, 04:10am by DANIEL REN; LANGI CHIANG

    ... metre, against nearly 40,000 yuan a year ago. In the same district, hundreds of homeowners now offer up to a 30 per cent discount. Most are steel traders from Fujian province who have to cash out ...

    http://www.scmp.com/property/hong-kong-china/article/1582415/drop-mainland-china-home-prices-causing-alarm
  7. Business - Companies - INVESTMENT

    KKR buys stake in China's biggest chicken producer

    Posted Aug 28th 2014, 05:03am by BLOOM

    ... largest chicken breeder and processor for about US$400 million. KKR will buy 18 per cent of Fujian Sunner Development, the Chinese company said in a statement. It said the firms will form a partnership to expand Fujian Sunner's operations to provide meat that is safe to eat. Food quality has become a major concern in China in recent years following a string of incidents in which ...

    http://www.scmp.com/business/companies/article/1581316/kkr-buys-stake-chinas-biggest-chicken-producer
  8. Magazines - 48hrs

    Outtakes

    Posted Aug 27th 2014, 10:55pm by BEN SIN

    ... and Fujian-born songwriter Tang Yi. Not only does each bring a specific skill set, they'll also bring a language — Cantonese, English and Putonghua. The group have been dubbed "Femme Genre" ...

    http://www.scmp.com/magazines/48hrs/article/1581070/outtakes
  9. News - China - HEALTH CARE

    Foreign-funded hospitals planned in seven Chinese cities or provinces

    Posted Aug 27th 2014, 04:28pm by Victoria Ruan

    ... investors will be allowed to establish foreign-funded hospitals from scratch or through mergers and acquisitions in the municipalities of Beijing, Tianjin and Shanghai, and Jiangsu, Fujian ...

    http://www.scmp.com/news/china/article/1581138/china-giving-foreigners-100-cent-ownership-hospitals-first-time
  10. Business - China Business

    Mainland pilot scheme paves way for foreign-owned hospitals

    Posted Aug 27th 2014, 01:33pm by Victoria Ruan

    ... scratch or through mergers and acquisitions in the municipalities of Beijing, Tianjin and Shanghai, as well as in Jiangsu, Fujian, Guangdong and Hainan provinces, a notice posted on the Ministry ...

    http://www.scmp.com/business/china-business/article/1581121/mainland-pilot-scheme-paves-way-foreign-owned-hospitals

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