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  • August 23, 2014
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  1. Business - China Business

    Miner plans HK$405.65m rights issue to fund real estate deal with director

    Posted Aug 19th 2014, 11:20am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com China Yunnan Tin Minerals, an iron ore miner, has proposed a HK$405.65 million rights issue to finance its acquisition of an executive director’s interests ... and then a rights issue. It plans to consolidate every five existing shares into one consolidated shares and then raise net proceeds of between HK$404.26 million and HK$405.65 million by offering ...

  2. Business - Money

    Guotai Junan plans HK$2b rights issue to boost loans business

    Posted Aug 19th 2014, 09:42am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Guotai Junan International, one of the largest mainland brokerages listed in Hong Kong, plans a rights issue to raise up to HK$2.04 billion on the basis of one rights share for every five existing shares at HK$5.30 per rights share. The rights issue price represents a 10.47 per cent discount to the average closing price in the past 10 trading days ...

  3. Business - Money

    Chart of the day: Bullish signals for Jakarta stocks

    Posted Aug 22nd 2014, 01:21am by Nicole Elliott

    ... Nicole Elliott Chart of the day: Bullish signals for Jakarta stocks Indonesia's benchmark Jakarta Composite Index is eyeing the record high at 5,250 points set in May last year and doing so in a style that leaves little doubt that it will do so. The strength for the next leg up was gathered during a consolidation phase that came in right above what had previously been ...

  4. Business - China Business - LOGISTICS

    Truck drivers' strike disrupts operations a Ningbo Port

    Posted Aug 23rd 2014, 01:06am by Reuters

    ... thousand, who clashed with police. The Hong Kong-based workers rights group China Labour Bulletin said it involved as many as 10,000 truckers. Bonnie Xu, station leader for Ningbo at logistics firm ...

  5. Business - Comment - LAI SEE

    Sino Iron fiasco has Clive Palmer changing his attitude to China

    Posted Aug 23rd 2014, 01:03am by Howard Winn

    ... sold Citic the right to mine magnetite iron ore in the Pilbara region in exchange for royalty payments. Citic agreed to build the infrastructure, but the "deal of the century", ...

  6. Business - Money - LISTINGS

    Lukewarm retail response sees China Vast add to international IPO offering

    Posted Aug 22nd 2014, 10:36am by Enoch Yiu

    ... rights and construction costs for developing residential and commercial property. The remainder would be for developing industrial town projects and general working capital. China Vast built its ...

  7. Business - Commodities - MINING

    New Afghan mining law lacks transparency, say experts

    Posted Aug 23rd 2014, 01:06am by LYNNE O'DONNELL

    ... and affordable dispute resolution. Global Witness, a mining industry standards advocacy organisation in London, says these weaknesses do nothing to ensure that mining rights are not a source of conflict. ...

  8. Business - Companies - COMPETITIONS

    Waterless face wash wins NZ girls top contest award

    Posted Aug 23rd 2014, 01:06am by JUNE SUN

    ... but blindness-inducing eye disease that affects more than 60,000 people in Kenya, often because of a lack of clean water to wash their faces. "We were overwhelmed when we won the right to represent New ...

  9. Business - Money - TECHNOLOGY

    Stock trading? There’s an app for that

    Posted Aug 22nd 2014, 11:03am by James Griffiths

    ... service get notified right away so they can actually trade behind that." The Japanese stock market is also getting more app-friendly. On Tuesday, online brokerage SBI Securities said users ...

  10. Business - Companies - INTERNET

    Online liquor store Jiuxian lands 300m yuan investment

    Posted Aug 21st 2014, 06:37pm by James Griffiths

    ... quarter of this year fell by 20.7 per cent year on year. “We are right in the middle of a major structural change to the business. We need this shake-out and all these unprofessional companies ...




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