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  • October 21, 2014
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  1. TV maker threatens to move offshore

    Posted Aug 21st 2003, 12:00am by Staff Reporter

    ... yuan (HK$112.48 million) joint venture with a Guangzhou city government-backed firm. The venture holds the rights to domestic TV brand Rowa, which has a foothold in the Guangdong market. ...

  2. CNOOC parent bond to raise 80b yuan for rapid expansion

    Posted Mar 20th 2009, 12:00am by Eric Ng

    ... Eric Ng China National Offshore Oil Corp, the parent of listed CNOOC, plans to raise up to 80 billion yuan (HK$90.87 billion) to finance major expansion by issuing mid-term corporate bonds by March 2011. Registration of the bond issue by the nation's dominant producer of offshore oil and gas had been accepted by the National Association of Financial Market Institutional ...

  3. CNOOC secures 45b yuan nod for Huizhou project

    Posted Feb 23rd 2009, 12:00am by Eric Ng

    ... Eric Ng China National Offshore Oil Corp, the mainland's third-largest oil producer, has won approval to spend 45 billion yuan (HK$51.12 billion) to expand its only refinery ... the official. 'Given the decline in raw material prices, we can expect to reap substantial savings and complete the project below the 45 billion yuan budget.' Beijing last week unveiled broad ...

  4. Transport venture sets sights on oil imports

    Posted Jan 01st 2005, 12:00am by Annette Chiu

    ... is the second-largest shareholder in the venture, with 16 per cent, while the remaining 2 per cent will be held by China National Offshore Oil Corp, China National Petroleum Corp and China National Chemicals Import and Export Corp. According to media reports, the joint venture has a registered capital of 2.2 billion yuan with a net asset value of about 6.5 billion yuan. 'We signed the agreement ...

  5. Merchants eyes 15b yuan port project

    Posted Jun 16th 2009, 12:00am by Denise Tsang

    ... Denise Tsang in Zhangzhou China Merchants Holdings (International) plans to invest in a 15 billion yuan (HK$17.01 billion) port development in Zhangzhou, Fujian, in a move to cash in on burgeoning trade ties across the Taiwan Strait, according to top city officials. The Hong Kong-listed port operator is likely to take an unspecified stake in the planned project, which involves ...

  6. Changchun seals 26.2b yuan worth of deals

    Posted Mar 30th 2009, 12:00am by Kandy Wong

    ... billion yuan (HK$29.72 billion) worth of projects. The investments include joint development of a vehicle park, a commercial complex, as well as projects for wind power and agricultural processing ... in these projects.' Changchun was part of efforts by the provincial government to attract investments from Hong Kong. Projects offered by Changchun are worth 153.2 billion yuan. Hong Kong-listed firms, ...

  7. Cathay cargo venture set to take off

    Posted Nov 18th 2010, 12:00am by Anita Lam

    ... in February to invest 1.7 billion yuan (HK$1.98 billion) in the latter's cargo unit. Cathay will control 49 per cent of Air China Cargo, including a stake to be held by an offshore trust. ... own freighter routes there,' Lau said. 'Air China, on the other hand, could learn a lot from Cathay about the management and operation of the trade as few existing mainland airlines ...

  8. Beijing slashes taxes on share trade

    Posted Jun 14th 2005, 12:00am by Jamil Anderlini

    ... remained sceptical. The Shenzhen and Shanghai stock exchanges are trading at near eight-year lows. The Ministry of Finance and the CSRC jointly announced that tax liabilities on shareholder ... of 3.48 trillion yuan at the end of March, but only 1.1 trillion yuan of this was tradable on the Shenzhen and Shanghai exchanges. The non-tradable equity looms over the markets. Investors know ...

  9. Sichuan raising 60b yuan for reconstruction projects

    Posted Nov 05th 2009, 12:00am by Denise Tsang

    ... Denise Tsang The Sichuan provincial government has put 100 projects worth 60 billion yuan (HK$68.11 billion) up for grabs in a move to speed up post-earthquake reconstruction. In a rare provincial-level trade symposium in Hong Kong yesterday, Sichuan vice-governor Huang Xiaoxiang led almost 200 businesspeople and government officials seeking funds for logistics services, trade ...

  10. Overseas takeovers may lead to backlash, CNOOC warns

    Posted Aug 27th 2009, 12:00am by Eric Ng

    ... global economic slump meant trade and investment protectionism will persist, and that a less aggressive, co-operative approach will serve mainland companies better. CNOOC yesterday unveiled a 55 ... takeover bid for United States oil firm Unocal in 2005, a deal that faced stiff political opposition in Washington. His comment came as he denied that CNOOC, the mainland's dominant offshore ...




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