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  • September 23, 2014
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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. 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 ...

  3. Business - Banking & Finance

    Dagong in US, Russia ratings link-up

    Posted Oct 24th 2012, 12:00am by AFP

    ... Agence France-Presse in Beijing Dagong in US, Russia ratingslink-up Ratings agency Dagong said yesterday it was linking with United States and Russian partners to form an "independent" group to rival US-based agencies it claims have "proven inadequate". The Chinese firm would set up the joint venture with Egan-Jones Ratings (EJR), based in Pennsylvania, ...

  4. Pay-TV channel business eyes media assets

    Posted Apr 07th 2010, 12:00am by Staff Reporter

    ... Bien Perez Lionsgate Entertainment Corp, a leading independent film studio and television programming distributor in North America, has formed a joint venture with US private investment firm Saban Capital Group to run Hong Kong-based Tiger Gate and expand its fledgling pay-TV channel business across Asia. The partners say they intend to use Tiger Gate, which introduced horror ...

  5. 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- ...

  6. Mainland group sells cable-making business to Tyco

    Posted Aug 21st 2003, 12:00am by Staff Reporter

    ... Zhejiang Jiuli to focus on stainless-steel goods as US firm taps growing Asia market Zhejiang Jiuli Group, the mainland's biggest manufacturer of fire-resistant cables, has sold the business to United States giant Tyco International, the company said yesterday. Tyco is one of the world's biggest manufacturers of electrical and electronic components, undersea ...

  7. Business Digest

    Posted May 22nd 2004, 12:00am by Staff Reporter

    ... standard chartered secures US$75m qfii quota Standard Chartered Bank's Hong Kong unit has received approval from the State Administration of Foreign Exchange for a US$75 million ... The blue-chip company saw container leasing volume in the first four months rise 12.7 per cent to 840,000 teu, Mr Liu said. Cosco has earmarked US$150 million for new containers this year. It will spend ...

  8. Business digest

    Posted Dec 01st 2004, 12:00am by Staff Reporter

    ... figure for the project, but observers say a US$70 million convertible bond is in the works with proceeds earmarked for the investment. China Gas follows blue-chip gas utility Hong Kong and China Gas (Towngas) to Xian Hi-tech Industrial Development Zone. Last week, Towngas said it would build a 300 million yuan gas-fired heat and air-conditioning project for the central business ...

  9. Business Digest

    Posted May 12th 2004, 12:00am by Staff Reporter

    ... to disclose details of its advances to an entity if such advances exceed 25 per cent of its latest audited net asset value. Ben Kwok bp seals US$1b in deals with mainland firms BP yesterday sealed US$1 billion worth of agreements with mainland firms, including a 50-50 joint venture with Sinopec to build a 500,000-tonne-a-year acetic acid plant in Nanjing. The firm also signed a letter ...

  10. Business Digest

    Posted Jul 22nd 2005, 12:00am by Staff Reporter

    ... air china places new order for 20 airbus jets Air China signed a contract with European aircraft maker Airbus yesterday for 20 A330 jets worth US$3.1 billion, as it aggressively boosts its ... a Spanish embassy official said. 'China and Airbus signed a contract for the purchase of 20 A330 Airbus planes. The deal is worth US$3.1 billion,' the official said.AFP cetv set to break ...




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