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  • November 29, 2014
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  1. General Electric plans US$2b investment in mainland ventures

    Posted Nov 10th 2010, 12:00am by Eric Ng

    ... Eric Ng General Electric plans to invest more than US$2 billion over two years on the mainland to improve product development and fund manufacturing joint ventures in the power distribution and railway sectors. The United States-based corporate giant has also announced the appointment of vice-chairman John Rice to expand GE's businesses outside the US and relocate him ...

  2. IRB unseats Sevens' 'white knight'

    Posted Mar 23rd 2011, 12:00am by Alvin Sallay

    ... the union didn't have any issues with us carrying on.' But the IRB's strict rules preventing any other financial institution having a presence have killed any hopes of the investment ... individual tournaments. HSBC has a long-standing heritage in rugby, and is excited about investing in such a thriving area of the game.' ...

  3. CNOOC confirms discussions to invest in major oilfield in Uganda

    Posted Apr 01st 2010, 12:00am by Eric Ng

    ... Eric Ng CNOOC, China's dominant offshore oil and gas producer, has confirmed it is in talks with the Ugandan government and potential partners to invest in a major oilfield in the central Africa nation. The deal could become CNOOC's second major acquisition in Africa after it paid US$2.27 billion for a stake in a Nigerian oil project in 2006. 'We are working ...

  4. BASF plans to invest Euro1b in Greater China

    Posted Sep 30th 2009, 12:00am by Eric Ng

    ... Eric Ng German chemical giant BASF plans to invest more than Euro1 billion (HK$11.3 billion) in Greater China and hire thousands of employees by 2013, expecting mainland sales to grow ... of Euro2billion for the region by 2013. 'We want to invest close to our customers in the markets, [and] most of the budget is allocated for China,' he said. 'But there is still room ...

  5. Angang denies plans to invest in Liaoning deposit

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

    ... Carol Chan Angang Steel said yesterday the company and its state-owned parent had no plans to invest in the Benxi iron ore mine to exploit a newly discovered deposit that local officials ... based in Liaoning province, the home of the new find, would invest in the deposit. In a statement filed with the Hong Kong and Shenzhen stock exchanges, Angang said the company and its parent ...

  6. COSL readies bond issue to fund investment

    Posted Jan 22nd 2009, 12:00am by Eric Ng

    ... by issuing corporate bonds this year to help fund its 12.88 billion yuan of capital investment, according to chief executive Yuan Guangyu. The company was also looking at sales of new shares ... be institutional ones such as private equity funds, he said. 'Because of the financial market slump, investors are turning to the real economy for investment targets, and some are hoping to put money ...

  7. Mideast, N Africa ripe for investment

    Posted Jul 27th 2008, 12:00am by Nick Westra

    ... respectively, so far this year to Wednesday, according to Bloomberg data, foreign investment interest in the region is increasing. 'A lot of asset management houses are offering opportunities in Mena investments,' Mr Wijono said. 'It's picking up quickly and the window of opportunity is not going to stay open for a long time.' SHK Fund Management has teamed up ...

  8. Foreign firms target HK for bio-diesel investment

    Posted May 26th 2008, 12:00am by Joyce Man

    ... a good legal system and business environment. With many restaurants, there is plenty of raw material- used cooking oil- for bio-diesel manufacturing, InvestHK special projects head Ivy Chian ... similar plans but had cancelled them after a feasibility study. Bio-diesel companies from Canada, the United States and the mainland also have expressed interest to InvestHK, she said. 'There ...

  9. CPC signs pact with Saudi on refinery

    Posted Mar 18th 2011, 12:00am by Eric Ng

    ... Eric Ng Asia's largest oil refiner China Petrochemical Corp, parent of listed China Petroleum & Chemical (Sinopec), signed a memorandum of understanding with the world's largest oil producer Saudi Aramco. The firms will invest in a proposed oil refining plant in Yanbu, a city on Saudi Arabia's west coast. CPC will hold 37.5 per cent of the Red Sea Refining ...

  10. 'Laggard' Fujian signs US$8.66b worth of deals in Hong Kong

    Posted Mar 30th 2011, 12:00am by Sophie Yu

    ... will invest US$960 million to build four five-star hotels in the Fujian cities of Fuzhou, Xiamen, Quanzhou and Putian, plus a logistics base at Putian. Kerry Group is the controlling shareholder ... in cross-border yuan settlement, import and export trade-financing and investment banking. NetDragon Websoft will pump US$500 million into the third phase of a park in Fuzhou, focusing on the animation ...




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