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  • October 23, 2014
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  1. Sinotrans units rise on news of state cash aid

    Posted Aug 14th 2009, 12:00am by Charlotte So

    ... with Changjiang Shipping Corp, a model for Beijing's effort to reduce the number of major state-owned firms. Shares in Sinotrans Shipping rose 7.98 per cent to HK$4.06 yesterday. Sinotrans Ltd closed ... yesterday, quoting an unnamed source. The merger of the two state-owned firms received the approval of the State-owned Assets Supervision and Administration Commission in December last year, although ...

  2. Lenovo unit to focus on smartphones and tablets

    Posted Jan 19th 2011, 12:00am by Staff Reporter

    ... United States campus in Raleigh, North Carolina. Since Hong Kong-listed Lenovo acquired the personal computer business of IBM in 2005, it has maintained two corporate headquarters in Beijing ... Bien Perez Mainland computer giant Lenovo Group plans to sharpen its focus on smartphones and media tablets through a new business unit that will be responsible for mobile internet ...

  3. US fines PPG unit for export to Pakistan

    Posted Dec 23rd 2010, 12:00am by Staff Reporter

    ... Bien Perez The United States government has imposed US$3.75 million in fines against a mainland subsidiary of PPG Industries, a global supplier of paints and coatings, for illegally ... of nuclear power plants. PPG Paints Trading was found to have falsely stated in its purchase orders for the shipments in question that its coatings were to be used at a nuclear power plant in China, ...

  4. State-run enterprises seek executives overseas

    Posted Sep 17th 2003, 12:00am by Eric Ng

    ... to fill top positions at state-owned firms such as China United Telecommunications and China Aluminum. The State-owned Assets Supervision and Administration Commission under the State Council has placed adverts in overseas editions of state newspapers for five deputy general managers and two chief accountants. The move is part of a worldwide recruitment campaign aimed at boosting ...

  5. Unicom denies link to takeover of Nigeria's state telecoms group

    Posted Feb 23rd 2010, 12:00am by Staff Reporter

    ... involved in the proposed privatisation.' Unicom added that parent firm China United Network Communications Group has also informed the Hong Kong-listed company that 'it has ... contradicting a public announcement made by the Nigerian government. Officials from the West African state had earlier declared the winning bidder, New Generation Telecommunications, comprised Unicom, ...

  6. Chinalco unit makes rare earth find in Australia

    Posted Jan 07th 2011, 12:00am by Naomi Rovnick

    ... Naomi Rovnick Shares in Chinalco-backed copper and gold prospector China Yunnan Copper Australia roared up 73 per cent yesterday when the Sydney-listed exploration minnow announced it had discovered rare earths at a site in Queensland state. CYC Australia, a loss-making company capitalised at A$45 million (HK$349 million), said it had found an unspecified quantity of various types ...

  7. State-backed firms told to slow buying sprees

    Posted Feb 23rd 2009, 12:00am by Kandy Wong, Martin Zhou

    ... Geely Automobile Holdings and Dongfeng Motor, as well as Shenzhen-listed Chongqing Changan Automobile, had held preliminary talks with Ford Motor of the United States on the acquisition of its ... Kandy Wong and Martin Zhou in Beijing Even as the mainland's state-backed commodity companies have been on an overseas acquisition spree, manufacturing firms have been advised ...

  8. Health industry praises new state policy

    Posted Dec 20th 2010, 12:00am by Staff Reporter

    ... Zhuang Pinghui A State Council policy paper aiming at removing barriers for private investment in mainland medical services is an important stride towards a more dynamic health care ... optimistic. 'This announcement will spur us on to open more hospitals and develop rapidly,' said Roberta Lipson, chairwoman of the Board of United Family Hospitals (UFH) and president ...

  9. ICBC in the race to buy stake in AXA insurance unit

    Posted Jul 15th 2010, 12:00am by Staff Reporter

    ... unit, the official Shanghai Securities News reported yesterday. ICBC aims to acquire a controlling stake in the Shanghai-based AXA-Minmetals Assurance as part of its plan to tap ... by AXA and 49 per cent by China Minmetals Group, a state-owned conglomerate. ICBC submitted the acquisition proposal, which would eventually turn AXA-Minmetals into a Chinese-controlled entity, ...

  10. State power generators seek more coal imports

    Posted Feb 14th 2009, 12:00am by Eric Ng

    ... Eric Ng The mainland's five state-owned national power generation groups are seeking to import more coal to enhance their bargaining power with coal producers, amid an impasse in annual contract negotiations. An official at Datang Power International, the listed unit of China Datang Group, confirmed that the Big Five were engaging in talks to procure coal from overseas ...




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