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  1. Mitsubishi Motors to solicit new rescue funds

    Posted May 06th 2004, 12:00am by Staff Reporter

    ... Agence-France Presse in Tokyo Mitsubishi Motors will seek 400 billion yen (HK$28.34 billion) to 500 billion yen in rescue funds from group companies and other investors after its major ... sought 700 billion yen in financial aid, including 400 billion yen from DaimlerChrysler, to rehabilitate itself. The newspaper said Mitsubishi group companies were expected to accept new shares ...

  2. Minister drives home green message in Tokyo

    Posted Apr 25th 2009, 12:00am by Staff Reporter

    ... for the Environment Edward Yau Tang-wah visited Nissan, as well as rivals Mitsubishi and Toyota to discuss the development of electric and environment-friendly cars. Under the memorandum, a working group ... to bringing this technology to the world in the very near future'. It was the second agreement on electric vehicles that Hong Kong had entered into in two months. Earlier, Mitsubishi Motors ...

  3. Citic Pacific lending banks named in court

    Posted Mar 11th 2011, 12:00am by Austin Chiu, Naomi Rovnick

    ... that Citic Pacific's board of directors was aware of the losses as early as September 7. The company's eventual loss for that year was HK$12.69 billion. Bank of Tokyo-Mitsubishi granted ... Industrial Bank of China and Japan's Bank of Tokyo-Mitsubishi UFJ in 2008. The loans were made just weeks before Citic Pacific's October 20 admission that it would slip up to HK$15.5 ...

  4. Techfaith's Nasdaq IPO to raise US$150m

    Posted Apr 09th 2005, 12:00am by Staff Reporter

    ... in the mainland. Last year, Techfaith set up a joint venture with NEC Corp to develop 3G phones. It also designs handsets for a variety of domestic and international firms, including Alcatel, Mitsubishi ... this year. The company is looking to sell about 20 per cent of its enlarged share capital, which indicates a market capitalisation of up to US$750 million. It will also value the company at between ...

  5. 'King of rice cookers' dies in hospital

    Posted Jul 22nd 2010, 12:00am by Simpson Cheung

    ... was born in Hong Kong on November 7 1927, to a Japan-born Chinese. His father worked in the Hong Kong branch of Mitsubishi before he opened a shop called Yue Shun Cheung with his two brothers, ... but was forced to leave because of the civil war. In 1949 his father sent him to study in Japan for two years. He returned to Hong Kong and founded Shun Wo Company in 1952, mainly importing ceramics. ...

  6. Techfaith eager to convert plan into investor dollars

    Posted Feb 02nd 2005, 12:00am by Staff Reporter

    ... formed in July 2002, designs and builds handsets for companies such as Alcatel, NEC, Kyocera, Mitsubishi, Siemens, TCL, Ningbo Bird and Lenovo. ... capital for its third-generation mobile-phone business. The Beijing-based company, backed by Qualcomm Ventures and Intel Capital, is aiming to raise about US$175 million by selling 20 per cent ...

  7. Great Wall Auto seeks US$150m

    Posted Nov 24th 2003, 12:00am by Denise Tsang

    ... 70,000 today, sources said. It sold 40,000 units last year. The listing would also build up the company's war chest in preparation for increased competition as a result of China's entry ... segment. Rising car ownership on the mainland- coupled with the growing affluence of Chinese consumers- helped lift the company's turnover to 2.6 billion yuan last year, more than double ...

  8. Lai See

    Posted May 25th 2005, 12:00am by Ben Kwok

    ... it to Tokyo-Mitsubishi Bank in 1987. As to who holds the liability for such notes, Lai See will get back to you in due course. profit surge at FCC sparks stinginess On the subject of HSBC, Foreign Correspondents' Club (FCC) members may be surprised to discover they now own 44,000 shares of the biggest company in Hong Kong. According to the club's latest financial statements, it has dispensed ...

  9. 'Green' companies grew revenues by 3,711pc in last 3 years

    Posted Oct 23rd 2010, 12:00am by Staff Reporter

    ... Bien Perez Mainland companies involved in so-called green technology, new media, communications, and e-commerce sectors led this year's ranking of the country's fastest-growing hi-tech enterprises, according to Deloitte. The global consulting firm yesterday said the top-ranked companies named in its annual Technology Fast 50 China programme were United Cleaning ...

  10. Little company, micro loans, big business

    Posted Aug 28th 2010, 12:00am by Staff Reporter

    ... A typical borrower might be a company employee who moonlights as an online store operator and needs money for procurement. She goes to CreditEase with documents supporting her source of income, ... is that Tang's company does not take deposits or directly make loans. Instead, it finds individuals who are willing to lend directly to the borrowers whom the company has pre-screened. The borrower ...




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