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  1. US firm expands welding business in China

    Posted Jan 14th 2004, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai A major United States welding company yesterday announced it would acquire controlling stakes in three welding businesses in China, its fastest-growing ... stakes in the three, one with Tenwell Development of Singapore and two with Kuang Tai Metal Industrial. The acquired entities will have a combined revenue this year of US$55 million. Lincoln ...

  2. 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 ...

  3. Genting HK swings to profit as casino business picks up

    Posted Aug 31st 2010, 12:00am by Staff Reporter

    ... of group revenue. Revenue from passenger ticket sales rose 23.5 per cent to US$50.48 million. Profitability was improved at the Asian cruise business through a renewed focus on cost cutting, ... of US$11.32 million in the first half compared with a loss of US$35.26 million a year earlier. Sales, mainly gaming revenues from onboard casino operations, rose a modest 5.1 per cent to US ...

  4. 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 ...

  5. 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. ...

  6. 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, ...

  7. Yardway in push for sewage treatment business

    Posted Dec 30th 2010, 12:00am by Lulu Chen

    ... was Yardway Group, a new player in the waste water treatment business, which has now joined forces with state conglomerate Beijing Capital to expand into the largely untapped village and township ... out that most of the mainland's rural regions do not have a system for collecting sewage treatment fees, a potential challenge for companies in this line of business. According to Liu ...

  8. Lufthansa Technik aims to double business in Shenzhen on growth

    Posted May 19th 2010, 12:00am by Charlotte So

    ... is reportedly eager to double its stake back to where it was when the business was set up in 2000. Outperformer Lufthansa Technik Shenzhen achieved revenue last year of, in US dollars,: $30m ... times to US$30 million last year from 2004. Breckau projected that revenue from the Shenzhen workshop would continue to outperform the global market due to the swift growth of airline fleets ...

  9. Shanghai Industrial sells non-core businesses for HK$2.86b

    Posted Jul 28th 2009, 12:00am by Carol Chan

    ... it will focus on its core businesses. The flagship of eastern China's economic hub sold its 8.21 per cent stake in Semiconductor Manufacturing International Corp (SMIC) to its parent company, ... and property projects. Both SMIC and Bright Dairy posted losses last year. SMIC reported a net loss of US$440.23 million for last year, ballooning from a net loss of US$19.47 million in 2007. Bright ...

  10. Oracle solutions link businesses, social networks

    Posted May 13th 2008, 12:00am by Staff Reporter

    ... companies understand and anticipate the needs and buying patterns of customers. Social CRM delivers collaborative applications that become 'smarter' by combining business data with online ... a new wave of low-cost, software-as-a-service (SaaS) products that are being made available on the mainland. SaaS is a business model in which automated business-management applications- ...




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