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  • October 26, 2014
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  1. Business - Companies - CARS

    Industry shake-up may see GM acquire ailing plants in China

    Posted Feb 07th 2013, 12:00am by BLOOM

    ... Bloomberg in Detroit and Beijing Industry shake-up may see GM acquire ailing plants The Chinese car industry is overdue for consolidation and General Motors, with local partner SAIC Motor, is interested in acquiring ailing carmakers, according to four people familiar with the companies' thinking. GM, already the top foreign carmaker in China, aims to increase sales by about 75 per ...

  2. China Mobile dives 8pc after industry revamp

    Posted May 27th 2008, 12:00am by Staff Reporter

    ... the nation's largest cellular operator will be the biggest loser in the restructuring of the telecommunications industry. China Mobile shares dropped HK$10.20 or 8.15 per cent to close at HK$114.90- ... avoid interconnection. Industry watchers said the tighter regulations were aimed at breaking the market domination of China Mobile, which has more than 400 million subscribers and adds more than ...

  3. Mainland steps up consolidation campaign in select industries

    Posted Sep 07th 2010, 12:00am by Kandy Wong

    ... Kandy Wong The mainland renewed its effort yesterday to consolidate key industries- such as cement, steel and vehicles- by issuing measures that would allow more private capital to invest ... machinery, rare earth and aluminium industries to consolidate through mergers and acquisitions. The goal is to form several giants in each sector that can compete globally. The State Council ...

  4. IPOs not a good option for companies in mining industry

    Posted Mar 22nd 2011, 12:00am by Sophie Yu

    ... Sophie Yu The Hong Kong government may want to make the city an IPO destination for resource industries, but for small mining and mining-related companies it makes much more sense to seek ... and investment representative office in South China, said it was difficult for growing enterprises to attempt listing here. 'Hong Kong Exchanges and Clearing usually only accepts mature ...

  5. Shanghai Industrial earnings rise sharply on HK$3.2b disposal gain

    Posted Aug 31st 2010, 12:00am by Staff Reporter

    ... Isabella Steger Shanghai Industrial Holdings (SIH), the listed arm of the municipal government, more than tripled net profit for the first six months of the year, largely because ... of HK$3.2 billion from the continuing offloading of pharmaceutical assets to its parent company, Shanghai Industrial Investment (Holdings). SIH will pay an interim dividend of 50 HK cents per share. ...

  6. Yanzhou Coal to grow as industry consolidates

    Posted Aug 24th 2010, 12:00am by Eric Ng

    ... the consolidation of the province's coal industry into two large groups. The provincial government wants six smaller miners- based in Zuzhuang, Zibo, Xinwen, Longkou, Feicheng and Linxin- to be merged ... with Shandong Energy's 84 million tonnes. 'We will meet the 2015 target by finding new coal resources, acquiring producing mines and boosting their output in China and overseas,' Li said. ...

  7. Centron expects sales to shoot up after telecoms industry revamp

    Posted Oct 07th 2008, 12:00am by Staff Reporter

    ... of the mainland telecommunications industry is completed this month. 'Our customers, which include China Mobile and China Unicom, have halted a lot of network expansion projects this year because of the industry restructuring,' said chief executive Dai Guoyu. 'After the restructuring, they will start to expand their network infrastructure again, especially the 3G network.' Mr Dai ...

  8. Scandal-hit dairy industry looks to NZ for clean assets

    Posted Aug 09th 2010, 12:00am by Kandy Wong, Sean Kennedy

    ... Kandy Wong and Sean Kennedy China's burgeoning dairy industry is expanding into the clean green pastures of New Zealand as it seeks to put the melamine poisoning scandal behind it. ... with the industrial chemical melamine, causing the deaths of at least six children and making more than 300,000 others ill. The melamine scandal was one of several 'incidents' in China's food ...

  9. Telefonica to enlarge holding in Netcom before industry shuffle

    Posted Sep 05th 2008, 12:00am by Staff Reporter

    ... Wong Ka-chun and Jeff Pao Telefonica, the second-largest telephone operator in Europe, will pay up to Euro802 million (HK$9.09 billion) to maintain its stake in China Netcom Group Corp, a mainland fixed-line operator that is merging with mobile operator China Unicom. Telefonica, which owns about 5 per cent of Netcom, had reached an agreement with asset management firm ...

  10. Industry data and Taiwan hopes spark rise in region

    Posted May 05th 2009, 12:00am by Staff Reporter

    ... for goods and services. 'China's PMI is definitely leading the market to refocus on export growth,' said Khiem Do, a strategist at Baring Asset Management. Investors are now switching ... at CASH Asset Management. The CLSA China Purchasing Manager's Index released yesterday showed an increase to a seasonally adjusted 50.1 last month from 44.8 in March. It is the first time ...




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