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  • September 20, 2014
  • Last updated: 1:23pm
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Results 1 - 10 of 94 for offshore yuan trading

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  1. Business - Commodities - ACQUISITIONS

    Kingdream buys China Petrochemical unit for 1.6b yuan

    Posted Sep 18th 2014, 05:57am by Eric Ng

    ... machinery business into its Shenzhen-listed drilling equipment and chemicals manufacturing unit, Kingdream, for 1.6 billion yuan (HK$2 billion). Kingdream had agreed to buy all of China ... drill bits to a wider array of products used in both onshore and offshore oil and gas drilling and transportation," Kingdream said. "It will improve our product structure and expand ...

  2. Property - Hong Kong & China - ACQUISITIONS

    China South City buys 8 parcels in Xian for 1.48b yuan

    Posted Aug 05th 2014, 11:09am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China South City (CSC), a mainland developer of logistics property and trade centres, has bought the land use rights of eight parcels in Xian in Shaanxi province for a total of 1.48 billion yuan (HK$1.86 billion). The total area of the site is 893,271 square metres, with attributable gross floor space of about 2 million sq metres, a company filing ...

  3. Business - China Business - ACQUISITIONS

    China Shipping Development pays HK$1b to boost stake in Beihai Shipping

    Posted Sep 12th 2014, 12:41pm by JING YANG

    ... short of the projection. China Shipping Development recorded 39 million yuan (HK$49 million) in net profit for the first half of this year, reversing huge losses from a year ago. ...

  4. Business - Commodities - ACQUISITIONS

    China Molybdenum looks for more overseas mining acquisitions

    Posted Aug 20th 2014, 01:34am by BLOOM

    ... grades require more molybdenum," he said. "China's increasing demand for high-strength alloys, used from offshore drilling platforms to oil pipelines, and molybdenum chemicals used ... of next year, Li said, after a World Trade Organisation panel determined in March that the country did not adequately justify its restrictions. ...

  5. Business - Commodities - ACQUISITIONS

    Brightoil completes purchase of Bohai Bay oil blocks

    Posted Aug 11th 2014, 10:25am by Jasper Moiseiwitsch

    ... Anadarko Petroleum, a New York-listed firm that specialises in oil exploration. Brightoil has bought a 40 per cent stake in a 124 sq km offshore oil block, and a 29 per cent stake in an 88 sq km block. Both are in Bohai Bay and are producing. The marine bunkering and transportation firm says the acquisition takes it into offshore oil production for the first time and that its oil ...

  6. Property - Hong Kong & China - ACQUISITIONS

    SOHO China on lookout for acquisitions in prime locations

    Posted Aug 21st 2014, 02:03pm by Peggy Sito

    ... profit, excluding net valuation gains, rising about 128 per cent to 1.22 billion yuan (HK$1.54 billion) in the first half of the year on a stronger contribution from sales of commercial space and rental income. SOHO recorded turnover of about 4.75 billion yuan as property sales rose about 83 per cent to 4.59 billion yuan. Property rental income rose 84 per cent to 164 million yuan. Net ...

  7. Business - Commodities - ACQUISITIONS

    China Shenhua Energy to acquire plants from parent

    Posted Aug 25th 2014, 03:32pm by Eric Ng

    ... operators." Senior vice-president Wang Xiaolin said each of the near-zero emission coal-fired plants' upgrade cost would run into tens of millions of yuan, depending on their size and technology ... The construction cost of conventional coal-fired plants is about 4 million yuan (HK$5 million) per megawatt, which means the acquisition is likely to exceed 14 billion yuan. The acquisition is part ...

  8. Property - Hong Kong & China - ACQUISITIONS

    Hong Kong regulator's probe will not stop Sunac's proposed buyout of rival

    Posted Aug 26th 2014, 01:10am by Langi Chiang

    ... becomes an honorary chairman. Greentown's core net profit, which excludes revaluation gains, fell 59.2 per cent even as its revenue rose 23 per cent to 12.6 billion yuan in the first half as high land costs and low selling prices squeezed margins. The poor performance was mainly caused by an aggregate loss of 121 million yuan by joint ventures and associates compared with a gain ...

  9. Business - Money - ACQUISITIONS

    Mainland Chinese firms increasingly turn to back-door listings to raise funds

    Posted Aug 18th 2014, 04:01am by Daniel Ren

    ... on the SME board. The IT company, which lost 41 million yuan (HK$51.7 million) last year, agreed with Beijing Digital Grid Technology on a back-door listing deal that valued the listing shell at 2.1 billion yuan. "You must pay a lofty price if you want to engineer a back-door listing," Shao said. ...

  10. Business - Commodities - ACQUISITIONS

    Brightoil eyes assets of oil firms leaving China

    Posted Jul 17th 2014, 01:22am by Eric Ng

    ... shareholders yesterday approved the company's US$8.35 billion acquisition of minority stakes in two mature offshore oilfields about 100km southeast of Tianjin from United States oil firm Anadarko ... expanded into oil and gas production to balance its volatile and sometimes loss-making oil trading and shipping operations. ...




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