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  1. Banco Delta Asia still in rough seas as diplomatic storm blows away

    Posted Mar 20th 2007, 12:00am by Staff Reporter

    ... reach. Banco Delta Asia, the tiny Macau-based lender that for the past 18 months was at the centre of a nuclear stand-off between the United States and North Korea, last week earned the dubious ... transactions related to alleged North Korean counterfeiting of US currency, manufacturing of fake cigarettes and trading in illegal drugs. For its part, bank chairman Stanley Au Chong-kit said it never ...

  2. Richard Li said to be eyeing ING Asia units

    Posted May 30th 2012, 12:00am

    ... which has to divest its insurance operations before the end of next year to qualify for state aid under European Union regulations, is looking to collect US$7 billion from selling the two units ... firm last month announced plans to sell the two units together or separately and has invited firms to submit bids. People familiar with the situation told the South China Morning Post that Li ...

  3. Esprit to leave US, Canada?

    Posted Aug 20th 2011, 12:00am

    ... May Chan may.chan@scmp.com Esprit Holdings, the Hong Kong listed clothing retailer, may be rethinking its businesses in North America and Asia, analysts said yesterday. The company ... for finance and head of investor relations, declined to comment. Analysts said it would be sensible for Esprit to exit the US market to focus on expansion in fast-growing Asia, especially ...

  4. North China in loan-share swap

    Posted Jul 25th 2006, 12:00am by Staff Reporter

    ... of State-owned Assets Supervision and Administration Commission of the State Council, which fully owns the firm, would get a 61 per cent stake, according to an announcement by North China's listed ... The company reported a loss of 187.6 million yuan last year when the price of its vitamin C fell 22 per cent to below US$3.50 per kilogram. Shares of North China's listed unit fell 2 per cent ...

  5. State Construction sees mainland sales rising to 40pc of revenue

    Posted Dec 08th 2009, 12:00am by Charlotte So

    ... Charlotte So China State Construction International Holdings expects mainland sales to contribute 40 per cent of its revenue by 2015 from 11 per cent at present, as it secures more ... to fund all their projects at once. This year, China State Construction secured 2.6 billion yuan worth of such projects, while its parent company, China State Construction Engineering Corp, signed ...

  6. China Gas plans LPG unit spin-off

    Posted Dec 07th 2009, 12:00am by Denise Tsang

    ... cross-strait trade promoter Taiwan Affairs Office of the State Council, China's No 2 oil firm Sinopec, Oman Oil, Gail (India), SK Group of South Korea and the Asian Development Bank. Although ...

  7. State sees 5-year lead in fuel market

    Posted May 25th 2005, 12:00am by Eric Ng

    ... rivals lack the refining facilities, fuel sources and pricing power to pose a big challenge to the state-owned oil companies, participants at an annual petroleum conference in Beijing heard ... of the market for fuel, a socially and politically sensitive commodity, has been relatively cautious,' said Zhou Chun, deputy director of the China Chamber of Commerce of Metals, Minerals & ...

  8. North Point Estate site for tender

    Posted Apr 28th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com The government will invite bids next month to develop the former North Point Estate site, but will require the winning bidder for the harbourfront ... feet. Commercial units will occupy the rest of the site. 'It's obvious that the government would like to maintain a stable supply of flats,' Lam said. 'I think ...

  9. Agricultural Bank bid to split rural finance unit fails

    Posted Sep 02nd 2008, 12:00am by Staff Reporter

    ... combining ABC's agriculture finance and non-agriculture business would affect the value of its listing as investors had concerns about farm-related units. The industry source said ABC's ... board since 2005 but the lender is increasingly being eclipsed by the other three listed state-owned banks- Industrial and Commercial Bank of China, China Construction Bank Corp and Bank ...

  10. State auditor's probes to remain a 'family business'

    Posted Jul 08th 2004, 12:00am by Staff Reporter

    ... of the government, reports to the central government, unlike counterparts in the United States who report to parliament,' the source said. 'Our scrutiny of ministries, government departments ... right to be informed.' Last month, the release of the state auditor's assessment of the finances of government bodies and state-owned enterprises revealed a number of scandals relating ...




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