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  1. Uranium unit offers HK$610m for United Metals

    Posted Jun 25th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang China National Nuclear Corp's (CNNC) uranium development unit has offered to buy control of a listed metals firm in Hong Kong for HK$610 million, a deal that will give ... for each of 284.4 million shares in United Metals Holdings and buy HK$106 million worth of convertible notes. Sino-U is a CNNC platform for uranium reserves and production in foreign countries, ...

  2. Business - Companies - REGULATION

    US national-security clearance of Softbank-Sprint deal hits Huawei

    Posted May 31st 2013, 12:00am by BLOOM

    ... Bloomberg in Washington US clearance of Softbank's Sprint deal hits Huawei The US national security clearance of SoftBank Corp's US$20.1 billion acquisition of Sprint Nextel Corp imposes the first restrictions on a third-party supplier over claims of Chinese spying. Tokyo-based SoftBank and Sprint on Wednesday said they had been notified their proposed deal was cleared ...

  3. Ping An bid to merge bank unit with SDB

    Posted Jul 01st 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing Ping An Insurance (Group), the mainland's second-largest insurer, is in talks to merge its banking unit with Shenzhen Development Bank as a step towards becoming ... in SDB after the merger, which will lay the foundation for comprehensive cooperation in the future.' Ping An is in the process of buying a 29.99 per cent stake in SDB, the nation ...

  4. HSBC's US unit turns in first profit in 3 years

    Posted May 08th 2010, 12:00am by Naomi Rovnick

    ... down a notch. 'You can't dodge [a downgrade], because if the sovereign is downgraded, you go with them,' Geoghegan said. But he added: 'Our headquarters is in the United Kingdom, and we would not change that... because of credit ratings.' Investors price corporate bonds based on what it costs their home nations to borrow cash. Hong Kong has an AA+ credit ...

  5. CNPC's HK unit aims to double assets, profits

    Posted Feb 13th 2009, 12:00am by Eric Ng

    ... acquisitions from its parent. Speaking after a special shareholders' meeting yesterday, chairman Li Hualin said his company would eventually acquire all of PetroChina and China National Petroleum ... of listed CNPC (Hong Kong). After the restructuring, the Hong Kong firm will become the group's gas distribution unit and offload its oil and gas production assets. But Mr Li said the company ...

  6. ChemChina back at bidders' table as Dow restarts auction for unit

    Posted Jun 22nd 2009, 12:00am by Staff Reporter

    ... Tim LeeMaster China National Chemical Corp, the mainland's largest chemicals maker, has returned to the bidders' table after Dow Chemical restarted an auction for its agricultural chemical unit, Dow AgroSciences, which could fetch as much as US$7 billion, market sources said. ChemChina was up against Monsanto, the largest producer of seeds in the world, ...

  7. CCB unit plans 5b yuan investment fund for health-care sector

    Posted Nov 05th 2008, 12:00am by Staff Reporter

    ... Jane Cai China Construction Bank Corp's investment banking arm plans to launch a fund that invests in the nation's health-care sector, aiming to raise up to five billion yuan (HK$5.67 billion) in the initial stage. The fund would invest in sectors including pharmacy, medical equipment manufacturing and medical institutions and services. It was not revealed when ...

  8. Nationalism versus monopoly

    Posted Mar 26th 2009, 12:00am by Sara Yin

    ... pride. But, above all, it is a story of how China rebuffed a United States bid to take control of a prized local company, perhaps to avoid the formation of a monopoly, perhaps for the sake of national pride. Early episodes The story began last September. Beverage makers Huiyuan and Coca-Cola ranked numbers one and two on the mainland, a lucrative drinks market. On September 3, Coca-Cola ...

  9. Bank of China plans to boost stake in HK unit

    Posted Apr 01st 2009, 12:00am by Staff Reporter

    ... shareholding' in the banking subsidiary on the secondary market. The nation's third-largest lender said this would be done in the coming 12 months and would depend on future share price movements. ... These are things that could make investors walk away from the stock.' Last week, BOCHK reported a net profit drop of 78.36 per cent to HK$3.34 billion last year due to a massive write-down in United ...

  10. Bocom opens first rural unit in Sichuan county

    Posted Sep 27th 2008, 12:00am by Staff Reporter

    ... to tap the nation's rural areas. The Shanghai-based bank opened a rural outlet in Dayi county with a registered capital of 60 million yuan (HK$81.4 million), it said. It was the first rural lender established by one of the country's largest banks. 'The establishment of the new unit resulted from increasing demand for financing in the area and will help Bocom secure ...




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