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  1. PCCW to control telecoms unit following IPO

    Posted Mar 30th 2011, 12:00am by Staff Reporter

    ... Bien Perez PCCW wants to do the spin-off listing of its telecommunications unit in Hong Kong. The proposed listing would be Hong Kong's first business trust IPO, and would only happen ... and the Securities and Futures Commission regarding the possibility of listing a business trust in the city. A business trust combines elements of a company with elements of a unit trust. It does not have ...

  2. Ping An bid to merge bank unit with SDB

    Posted Jul 01st 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Ping An Insurance (Group), the mainland's second-largest insurer, is in talks to merge its banking unit with Shenzhen Development Bank as a step towards becoming a financial conglomerate. Shares of the insurance giant and the Shenzhen bank were suspended yesterday as they work on an 'unprecedented major restructuring', according to exchange filings ...

  3. Lenovo restructures into two units

    Posted Mar 27th 2009, 12:00am by Staff Reporter

    ... The world's fourth-largest supplier of personal computers is being reorganised into two new business units: mature markets and emerging markets. 'Our goal is to create a faster, more streamlined ... Shaopeng, who was recently named president of Lenovo's Asia-Pacific and Russia geographic division, is to head the emerging markets unit, based in Beijing. His coverage includes the mainland, ...

  4. Changan Auto to get Avic unit stakes in shake-up

    Posted Nov 11th 2009, 12:00am by Kandy Wong

    ... Kandy Wong Two big state-owned military suppliers, Chongqing Changan Automobile and Aviation Industry Corp (Avic), yesterday agreed to restructure their vehicle units, part ... yuan (HK$81.2 billion) after the merger. Changan Automobile and Avic had combined vehicle sales of 1.53 million units in the first 10 months, which surpassed No 3 vehicle maker Dongfeng Motor ...

  5. Shanghai Media separating news unit to pave way for funding deals

    Posted Oct 22nd 2009, 12:00am by Staff Reporter

    ... and business units as Beijing loosens some of its strict censorship on the broadcasting sector. The mainland's second-largest media conglomerate would be the first major state-owned media group ... sector.' After the restructuring, Shanghai Media will become a for-profit holding company. It would own the non-news media production, advertising, distribution and investment units and be able ...

  6. Shaanxi merges three steel mills into one unit

    Posted May 13th 2009, 12:00am by Carol Chan

    ... Carol Chan Shaanxi's provincial government is responding to Beijing's calls for consolidation of the fragmented steel industry by merging its three mills into one company. Shaanxi Iron & Steel Group will control the operations of Shaanxi Lon ...

  7. HSBC card unit expects tough conditions in US

    Posted Apr 01st 2009, 12:00am by Staff Reporter

    ... Wong Ka-chun HSBC Holdings' credit card unit in the United States was expected to face a difficult environment over the next two years because of deteriorating economic conditions ... have to think about it again... Unless there is a further deterioration in assets, the unit could ride out the storm,' he added. HSBC said the US card business was profitable last year ...

  8. Swire expanding property unit after profit dives 77.5pc

    Posted Mar 13th 2009, 12:00am by Sandy Li

    ... to restructure the business of unit Hong Kong Aircraft Engineering. Shares of Swire rose 2.92 per cent to close at HK$45.75. ...

  9. CNPC's HK unit aims to double assets, profits

    Posted Feb 13th 2009, 12:00am by Eric Ng

    ... of listed CNPC (Hong Kong). After the restructuring, the Hong Kong firm will become the group's gas distribution unit and offload its oil and gas production assets. But Mr Li said the company ...

  10. Focus Media books loss from in-store display unit

    Posted Dec 11th 2008, 12:00am by Staff Reporter

    ... Frederick Yeung Focus Media Holding, the mainland's largest outdoor electronic display company, has booked a one-time loss of US$200 million in its fourth-quarter results after a display business bought last year failed to deliver its profit target. ...




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