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  • September 20, 2014
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  1. News - China - Mooncake

    Workers strike for ‘mooncake’ bonus at Guangdong subsidiary of Apple supplier

    Posted Sep 10th 2014, 07:41pm by Chen Yifei

    ... Chen Yifei yifei.chen@scmp.com A day after the Mid-Autumn Festival, hundreds of workers from Dongguan Masstop, a subsidiary of Apple supplier Wintek, went on a strike to demand ... to Dongguan Masstop were picked up by a staff, who said the media person was occupied and unavailable for comment. Gongguan Masstop is fully owned by manufacturer Wintek Corporation and started ...

  2. Business - Commodities - LAWSUITS

    Citic subsidiary faces more legal action over metals stored in Qingdao

    Posted Aug 28th 2014, 09:39am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Another company has joined the race to file lawsuits to secure rights to metals stored at Qingdao port, which has been at the centre of a fraud scandal. Citic Resources said Shanxi Coal Import & Export, a subsidiary of Shanxi Coal International, had launched legal action against Citic Australia Commodity Trading, a trading firm owned by Citic ...

  3. News - China - CORRUPTION

    Pegasus consulting, subsidiary of Edelman, 'cooperating' with CCTV graft probe

    Posted Jul 25th 2014, 07:38pm by Patrick Boehler, Keith Zhai

    ... Patrick Boehler and Keith Zhai Pegasus consulting, cofounded by detained star anchor Rui Chenggang, is 'helping with probe' Edelman-owned firm 'aiding' CCTV graft investigators The graft inquiry at China Central Television has expanded to a Beijing company co-owned by US public relations giant Edelman and one of its co-founders is cooperating ...

  4. Comment - Insight & Opinion

    Reform of state-owned enterprises crucial to improve quality of Chinese economy

    Posted Aug 13th 2014, 03:08pm by Hu Shuli

    ... or tertiary subsidiaries, some of which are listed businesses. This will not help reduce the proportion of state-owned stakeholders in these companies. If parent companies do not carry out reforms, ... Hu Shuli Hu Shuli says resources need to be redirected from inefficient state-owned sectors to efficient ones to counter serious losses of productivity Urgent reform of state-owned firms ...

  5. Business - China Business - DISPOSALS

    Lijun to sell unit to firm partly owned by ex-chairman, ex-director

    Posted Aug 29th 2014, 01:30pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Chinese antibiotics maker Lijun International Pharmaceutical (Holding) has agreed to sell its drug-making subsidiary in Xian, Shaanxi province, to a firm partly owned by its former chairman and a former director, who both recently stepped down. The company said on Friday morning that it would sell Xian Lijun Pharmaceutical, which makes ...

  6. Business - Money - LISTINGS

    Tencent subsidiary backs Cheetah Mobile IPO

    Posted May 08th 2014, 01:15am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Tencent subsidiary buys into Cheetah's US float While the initial public offering of e-commerce giant Alibaba is drawing much attention from investors, mainland security software company Cheetah Mobile has quietly added a subsidiary of Tencent as a major subscriber to its own offering in New York today. In its regulatory filing in Hong Kong, ...

  7. Business - China Business - LISTINGS

    Investors in Cinda subsidiary cry foul

    Posted Dec 12th 2013, 03:29am by Ray Chan

    ... subsidiary cry foul A consortium of minority investors in a loss-making subsidiary of China Cinda Asset Management has petitioned for financial compensation a day before the trading debut ... exchange and the Securities and Futures Commission, the minority group at Happy Life, which was majority-owned by Cinda, had requested Cinda shares in exchange for their equity stakes in Happy Life ...

  8. News - China - AGRICULTURE

    China turning state-owned farms into agricorporations to take on world players

    Posted Aug 14th 2014, 03:04am by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com Central government earmarks the cream of its vast network of state-owned farms for mergers to rival world's agribusiness giants China fields big plans for state agriculture Beijing is amalgamating a number of state-owned farms and companies into specialised agricultural corporations to rival international food giants. The Agricultural Cultivation ...

  9. In Brief

    Posted Jun 19th 2006, 12:00am by Staff Reporter

    ... on the Shanghai Stock Exchange. The plan covers 54.75 per cent of issued Hongdu Aviation shares owned by Hongdu Aircraft and 2.4 per cent held by unlisted shareholders. Bien Perez hualing subsidiaries agree supply framework Hualing Holdings' wholly owned subsidiary Guangzhou Hualing and partly-owned units, Foshan Hualing, Hefei Hualing, and China Refrigeration, have agreed on a supply ...

  10. News - Hong Kong - BUSINESS

    ParknShop staff complain of being made to move to new subsidiary

    Posted Jul 22nd 2013, 12:00am by JOLIE HO, NG KANG-CHUNG

    ... said: "The recent internal reorganisation is a legal process of changing employment entity only. The new legal entity ParknShop (HK) is a wholly owned subsidiary of A.S. Watson & Co. ... subsidiary, a move seen by unionists as tycoon Li Ka-shing's preparation to hive off the supermarket chain from his business empire. The complaints came as Chief Secretary Carrie Lam Cheng ...




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