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  1. United Coalbed, allies eye 2b yuan spending

    Posted Feb 16th 2009, 12:00am by Eric Ng

    ... Eric Ng China United Coalbed Methane, a 50-50 natural gas joint venture between PetroChina and China National Coal Group, plans to invest 2 billion yuan (HK$2.27 billion) with its foreign partners this year on exploration and production, a company source said. The state-owned firm, which is undergoing a shareholding restructuring, expects its partners to chip in between 1.2 billion ...

  2. 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, ...

  3. Manulife unit buys into joint-venture fund house

    Posted Nov 25th 2009, 12:00am by Staff Reporter

    ... The mainland has been forecast by the Economist to surpass the United States in gross domestic product on a purchasing power parity basis by 2017. 'This is a very exciting opportunity to grow our ...

  4. State train makers under fire for poor standards

    Posted Nov 28th 2009, 12:00am by Toh Han Shih

    ... tipped as the favourite to win the contract to supply high-speed trains to the fledgling fast rail system in the United States. It is also in advanced talks to sell high-speed trains to Britain. ... at CNR Changchun, CSR Sifang and CNR Tangshan. CNR Changchun and CNR Tangshan are subsidiaries of China CNR Corp, one of the mainland's two dominant state-owned train manufacturers. CSR ...

  5. Citic Resources to spin off manganese unit

    Posted Sep 08th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster Citic Resources Holdings, a unit of state-owned conglomerate Citic Group, plans to spin off its manganese unit to raise funds for expansion, streamline the group's ... Resources said Guangxi Dameng would transfer a 40 per cent stake in the venture to Dameng in exchange for shares in the listed unit. The company's stake in Dameng would drop below 50 per cent, ...

  6. CVC unit aims to seal three mainland acquisitions this year

    Posted Jul 07th 2008, 12:00am by Staff Reporter

    ... Tim LeeMaster CVC Asia Pacific, the regional unit of United States buyout company CVC Capital Partners which opened a Beijing office last week, hopes to have three more mainland deals ... high profile individuals, such as Fang Fenglei, who helped Goldman Sachs set up its mainland securities unit, and former Merrill Lynch head of China Wilson Feng, are organising yuan-denominated ...

  7. Partners in talks to split China United assets

    Posted Jul 30th 2008, 12:00am by Eric Ng

    ... Eric Ng China National Coal Group, parent of listed China Coal Energy, is in talks with PetroChina on splitting the assets of their joint venture, China United Coalbed Methane, due to disagreements on the venture's development, says China Coal chairman Jing Tianliang. The decision was revealed after Beijing late last year announced it would cancel China United's exclusive ...

  8. News Corp unit plans first joint production venture with CCTV

    Posted Feb 16th 2005, 12:00am by Staff Reporter

    ... pay-television channel, China DTV Media. The two sides have yet to finalise revenue-sharing and other details. The deal will also require approval from the country's media regulator, the State ... a fully licensed Sino-foreign television production unit, partnering China Film Group's Hua Long Film Digital Production. A similar venture between Viacom and Shanghai Media Group, to produce ...

  9. Tsingtao targets wider lead in beer sales growth

    Posted Apr 09th 2009, 12:00am by Staff Reporter

    ... Jasmine Wang Tsingtao Brewery, one of the nation's top beer producers, said it aims to achieve sales volume growth that is 2 percentage points above the industry average this year after delivering a less than expected 25.34 per cent rise in net profi ...

  10. In brief

    Posted Dec 16th 2004, 12:00am by Staff Reporter

    ... hang lung lifts note size Hang Lung Properties has raised the size of its five-year floating-rate note 50 per cent to $1.5 billion. Lead manager HSBC will take up $500 million of the note, with the rest to be split among six co-lead managers. moiselle ear ...




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