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  • October 21, 2014
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  1. Comment - Insight & Opinion

    Nexen deal shows how Chinese firms can do business in US

    Posted Mar 18th 2013, 12:00am by John Gong

    ... anti-China rhetoric in an effort to derail a Chinese company's offer. Another objection may be concern about losing businesses or jobs to China. Shenzhen-based BGI's US$117.6 million ... way of doing business is usually under the table. In the US, you need to do it in full public view. That should involve hiring a public relations company to communicate why the acquisition ...

  2. Li & Fung targets doubling of US onshore business

    Posted May 14th 2009, 12:00am by Staff Reporter

    ... revenue from the onshore business to US$3 billion by the end of next year from US$1.5 billion. Sales from the US, its biggest market, accounted for 62 per cent of the sourcing giant's turnover of HK$110 billion last year. The company has already acquired several businesses in the US. In July last year, it bought handbag importer Van Zeeland for HK$2.57 billion and in April ...

  3. HSBC profit expected to rise by 25.5pc on US business

    Posted Aug 02nd 2004, 12:00am by Louis Beckerling

    ... Louis Beckerling HSBC Holdings, the world's third-biggest bank by market value, will look to a big boost from its United States consumer business to help lift net profit 25.5 per cent year on year to US$5.14 billion when it reports its interim results today, according to forecasts by analysts. However, weighing on the group's bottom line will be a lower contribution ...

  4. Business - Companies - REGULATION

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

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

    ... according to Mike Rogers, the chairman of the House Intelligence Committee. The panel's report in October recommended that US companies doing business with Huawei and ZTE find another vendor. ... 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 ...

  5. Dell plans big expansion in its mainland business

    Posted Nov 05th 2010, 12:00am by Staff Reporter

    ... Bien Perez Computer maker Dell aims to boost investments in China to more than US$25 billion a year over the next decade amid plans to expand delivery of information-technology services to its second-biggest market after the United States, a senior executive said yesterday. That estimate would top a commitment to spend more than US$100 billion over the next 10 years ...

  6. Samling defends its business after Norwegian fund dumps holding

    Posted Mar 02nd 2011, 12:00am by Amanda Lee

    ... Amanda Lee Samling Global, the Hong Kong-listed forestry firm, said yesterday that the Norwegian Pension Fund may not have understood its business when the sovereign wealth fund dumped its ... of 2010. The state fund of Norway, which has more than US$500 billion in assets, said it had disposed its holdings in Samling's Malaysia-listed subsidiary, Lingui Developments, because ...

  7. Li & Fung to privatise IDS logistics business

    Posted Aug 11th 2010, 12:00am by Amanda Lee

    ... a total of US$140 million to buy three companies: Jackel Group, which runs packaging, perfume and personal-care businesses, denim clothing company HTP Group, and Cipriani Accessories, a designer, ... company has set itself a US$1 billion core operating profit target and also aims to boost its turnover to US$20 billion by December 31 this year. Managing director William Fung Kwok-lun said he ...

  8. Rackspace data centre expansion plans to heat up busy sector

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

    ... declined to provide financial details, but noted that the company has invested more than US$20 million since September 2008 in the city, where its existing data centre serves more than 350 ... amount, US firm Cloudkick, which provides technology that automates management of servers used to deliver software, storage and tools as a service over the internet to enterprise subscribers. ...

  9. Online broker shuts local business for second time

    Posted Jul 27th 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick American online stockbroker E*Trade has closed its Hong Kong trading business for the second time in seven years. The company, which only restarted local share trading a year ... Chan said. 'We want to focus on US investing because that is our core competency.' E*Trade, which will continue offering Hongkongers a platform to buy and sell US companies' ...

  10. SiS sells core business to Jardine unit

    Posted Nov 30th 2010, 12:00am by Staff Reporter

    ... Bien Perez SiS International Holdings has agreed to divest its core information technology distribution business and sell it for US$130 million to rival Jardine OneSolution, a part of Hong ... Cisco Systems, IBM, Lenovo Group, Hewlett-Packard, Symantec, Canon, Fuji Xerox and Microsoft. SiS chairman Lim Kia Hong said the disposed business 'requires a different structure, ...




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