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  • September 2, 2014
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  1. New Zealand partner stresses safety efforts

    Posted Sep 13th 2008, 12:00am by Bill Savadove

    ... market, and Groupe Danone of France has been locked in an acrimonious dispute with one of its Chinese partners, Wahaha. When Fonterra bought its stake in Sanlu for a reported 864 million yuan ... Bill Savadove in Shanghai New Zealand dairy giant Fonterra, which owns a 43 per cent stake in Sanlu, said yesterday that it was working to ensure the safety of consumers, but a spokeswoman ...

  2. KKR plans US$300m mainland dairy start-up

    Posted Dec 01st 2008, 12:00am by Staff Reporter

    ... of the scandal, such as Sanlu Group, China Mengniu Dairy and Inner Mongolia Yili Industrial Group, were also looking into private equity investment, sources said. '[The dairy firms are] trying ... it.' A source at another private equity group said it had been approached for funds by the same company which KKR was now poised to buy into but had declined because they had not invested ...

  3. Green groups oppose Deripaska firm's listing

    Posted Mar 14th 2011, 12:00am by Eric Ng, Toh Han Shih

    ... Group has a terrible environmental and social track record, which includes Rusal, a company that survives due to cheap electricity produced by ESE.' EN+, a Russian conglomerate controlled ... China because of the difficulty in predicting the environmental impact. 'Some environmental groups will always oppose any hydropower project no matter what. The most important thing ...

  4. Fosun, US group link up to form US$600m fund

    Posted Jan 14th 2011, 12:00am by Celine Sun

    ... Celine Sun in Beijing Fosun Group, the mainland's largest non-state-owned investment conglomerate, has teamed up with Prudential Financial, the second-largest life insurer ... and foreign enterprises with businesses in China. The deal is a significant move for both parties. To the US group, the fund is the single largest investment fund supplied to a third-party management ...

  5. Rights groups to urge UN chief to act on IIs

    Posted Oct 26th 2010, 12:00am by Alan Morison

    ... Alan Morison in Phuket Thai human rights groups cited a South China Morning Post investigation into the illicit trade in illegal migrant workers from Myanmar in calling on the United ... the groups yesterday said: 'The South China Morning Post revealed migrants are being sold to traffickers during deportations in waters between Southern Thailand and Kawthuang [Myanmar] ...

  6. Ace Group to buy New York Life operations

    Posted Oct 28th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu US-based insurer ACE Group announced it will spend US$425 million (HK$3.29 billion) in cash to buy the Hong Kong and South Korean operations of New York Life. ACE chairman ... and on our [other] markets in Asia and Latin America where we have strong market positions.' Established 25 years ago, ACE Group is in the insurance and reinsurance business in 50 countries. ...

  7. Hotel groups eye mainland

    Posted Oct 20th 2010, 12:00am by Peggy Sito

    ... Investment and one of a group of financiers who established Red Planet earlier this year. 'We will look seriously at the market in the first quarter of next year. And our first hotel is expected to be operating in the next 18 months.' As an investment holding company, Red Planet builds the hotels and Tune Hotels will operate them. Tune Hotels is part of Tune Group, the private investment ...

  8. Group that promotes cross-strait ties to open office in HK- five years after Macau chapter

    Posted Jul 31st 2009, 12:00am by Gary Cheung

    ... Gary Cheung Beijing plans to let Hong Kong play a more active role in united front work towards Taiwan through the establishment of a Hong Kong chapter of a group that aims to promote ... the council is a united front group that seeks to promote cross-strait ties and reunification. It has set up chapters around the world- 130 branches in more than 80 countries. 'Both Hong Kong ...

  9. Business - Companies - HOSPITALITY

    Park Hotel puts Hong Kong at heart of growth plans

    Posted May 02nd 2013, 12:00am by Sandy Li

    ... at core of growth push Park Hotel Group, controlled by Law Kar-po, is expanding in the city 10 years after it bought the four-star Park Hotel in Tsim Sha Tsui at a bargain price during the Sars outbreak. The group made its first foray into the hotel industry after it paid HK$522.5 million for the 16-storey Park Hotel in 2003. Given limited opportunities in the city's hospitality ...

  10. No-layoffs policy pays off for food group

    Posted Mar 14th 2009, 12:00am by Rosheen Rodwell

    ... This is particularly welcome in the restaurant industry, which has been hit hard by the economic downturn. The King Parrot Group, a family-run company that owns 35 restaurants across the city, has noticed significantly fewer group bookings in recent months and is finding that customers are spending 20 per cent less than they did before the financial crisis. The group predicts that will be a challenging ...




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