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Results 1 - 8 of 8 for state-owned enterprises

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  1. Crisis finds state enterprise earnings declining 43.7pc in first two months

    Posted Mar 25th 2009, 12:00am by Kandy Wong

    ... Kandy Wong State-owned enterprises saw their total profits slump 43.7 per cent in the first two months from the same period last year to a combined 121.7 billion yuan (HK$138.11 billion) ... announced in November. State-owned enterprises have posted falling profits for five consecutive months since the second half of last year, leading to a drop in revenue for the government. Finance ...

  2. Don't expect rush of state firms, HK told

    Posted Aug 12th 2008, 12:00am by Kandy Wong

    ... needs, although Hong Kong is a good location for the state firms to seek out global acquisitions, according to analysts and economists. Li Rongrong, chairman of the State-owned Assets Supervision ... to outward-looking companies, including the support of the English-speaking professional services sector and sophisticated international financial services'. But Mrs Ulrich also said state-owned ...

  3. Beijing asserts right to review Rio-BHP deal

    Posted Jun 16th 2009, 12:00am by Kandy Wong

    ... action against it. Rio walked away from a planned US$19.5 billion equity tie-up with state-owned Aluminum Corp of China (Chinalco) earlier this month and instead proposed a US$116 billion iron ... the global iron ore supply, and it's therefore understandable that both Chinese enterprises and related industries have expressed their concern over the deal,' he said. Earlier this month, ...

  4. Takeover hopes give Kingway 23.5pc boost

    Posted Sep 05th 2008, 12:00am by Kandy Wong

    ... target in the mainland beverage industry. Kingway, the second-largest brewer in Guangdong province, closed at HK$1.05. The stock climbed 13.33 per cent in the previous session after United States ... in Guangdong province, with the remaining 34 per cent produced in Tianjin, Xian and Chengdu. Kingway, which is 21 per cent owned by Heineken Asia-Pacific Breweries China, is also facing fierce ...

  5. Firm outgrows window company role as economy opens

    Posted Apr 09th 2009, 12:00am by Eric Ng, Kandy Wong

    ... Pacific took on the US$4.2 billion Sino Iron Project in 2006 that would not only supply ore to its own steel plants but also many others on the mainland. The project is a key part ... the change to fast growth and the opening up of the mainland's economy, which gradually eroded the need for window companies as a fund-raising channel, as many state and privately controlled ...

  6. British brewer shops for China assets

    Posted Mar 30th 2006, 12:00am by Kandy Wong

    ... SABMiller was still in the market for further investment, but it had no interest in taking over Yangjing beer, owned by Hong Kong-listed Beijing Enterprises Holdings. 'We intend to maintain our ... there is no tax on beer and which offers 'a very good margin', Mr Parker said. SABMiller is profitable in China, he added. China overtook the United States as the world's biggest beer ...

  7. CRE sells gas, chemical units for HK$2.78b

    Posted Oct 20th 2006, 12:00am by Kandy Wong

    ... proceeds. The disposal is part of continuing efforts to divest non-core assets and focus on the consumer sector, it said. CRE, a state-backed conglomerate that started its restructuring last year, ... that pointed to further disposals and potential mergers and acquisitions in the future, Goldman Sachs analysts Milk Warren and Edward Chan said. CRE is 54.9 per cent owned by China Resources ...


    Posted Apr 09th 2009, 12:00am by Kandy Wong

    ... But he also thrived as a businessman, feeling much at home with the intricacies of the international capital markets and the practices of state enterprises. Thus, he was able to help China ... and vice-chairman of Citic (Hong Kong) in 1987. Under his leadership, the firm- a subsidiary of the State Council-controlled China International Trust & Investment Corp, or Citic Group- took over ...



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