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  1. Sinopec faces setback

    Posted Jun 28th 2007, 12:00am by Eric Ng

    ... Eric Ng China Petrochemical Corp, the parent of listed China Petroleum & Chemical Corp (Sinopec), may suffer a setback in its overseas expansion after a court in Kyrgyzstan ruled ... of Commerce and China's embassy in Kyrgyzstan attempting to negotiate with the Kyrgyz government, the ministry said. A Kyrgyz court on June 14 ordered a China Petrochemical unit to cease all ...

  2. Lai See

    Posted Jun 21st 2011, 12:00am

    ... A High Court appeal in 2008 was rejected, and the Supreme Court turned down the Livedoor founder again in April this year. Before heading to prison, Horie gave a news conference wearing a T-shirt ... not be unconnected with the US$10 billion real estate fund he announced in March to invest in real estate in on the mainland. The fund, Straits Construction Investment (Holdings), also includes in addition ...

  3. HK bronze worth more than US gold thanks to bank deal

    Posted Aug 08th 2012, 12:00am

    ... Alvin Sallay Sarah Lee Wai-sze might have only won a bronze medal but will be be rewarded more than American gold medallists, who will only receive US$25,000 (just under HK$200,000), less ... every local athlete HK$3 million for bringing back a gold medal, HK$1.5 million for a silver and HK$750,000 for a bronze. So in monetary terms, a Hong Kong bronze is worth nearly four US golds. ...

  4. U.S. jobs data lifts markets in Asia

    Posted Aug 07th 2012, 12:00am

    ... The Hang Seng Index may settle above the 20,000-point level in the coming weeks after Friday's US jobs data sent stock markets soaring across Asia yesterday. Hong Kong's ... on year to US$180.21 billion in June, slowing from a 15.3 per cent increase in May. Forty-six of the 49 HSI constituent stocks rose yesterday. Scandal-stricken HSBC rebounded 2.2 per cent to close ...

  5. CNOOC in US$15b deal to snap up Canadian giant

    Posted Jul 24th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com China National Overseas Oil Corporation, the mainland's dominant oil and gas producer, will pay US$15 billion for Canada-based Nexen in what would ... California-based Unocal for US$18.5 billion after US political opposition. The proposed deal to acquire all of Nexen tops the US$14.32 billion paid for a 12 per cent stake in Australian mining giant Rio ...

  6. Lai See

    Posted Mar 02nd 2012, 12:00am

    ... intention to injure Cantor Hong Kong,' High Court Judge AT Reyes said of the four defendants. Apple is world's most valuable firm Apple's market cap has topped half a trillion US ... Ernst & Young was auditor to NCHK. A string of lawsuits followed the collapse of NCHK- one of which was against Ernst & Young and Wu, which was settled out of court. One of the issues ...

  7. Merry Garden IPO target US$207m

    Posted Jun 25th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Merry Garden, a Fujian-based producer of timber products, kicks off its initial public offering today, aiming to raise as much as HK$207 million in a test of investor sentiment in a sluggish economic environment. The company, ...

  8. US hedge fund raises stake in frayed Esprit

    Posted Jun 21st 2012, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com Esprit Holdings' biggest shareholder, US hedge fund Lone Pine Capital, raised its stake in the fashion brand, which is struggling with weak sales and a management upheaval. According to the Hong Kong stock exchange, Lone Pine, based in Greenwich, Connecticut, bought 1.39 million Esprit shares at HK$10.56 each on June 13, raising its ...

  9. Graff Diamonds sees sparkle in US$1b IPO

    Posted May 28th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Graff Diamonds, the London-based high-end jeweller whose customers have included European royalty and the late actress Elizabeth Taylor, will kick off its US ... product growth this year. 'We have seen an increasing number of Chinese clients who are interested in our jewellery,'' he said. Asian retail revenue has overtaken the US, more than ...

  10. Temasek puts US$2.4b shares on the block

    Posted May 03rd 2012, 12:00am

    ... May Chan may.chan@scmp.com Temasek appears to be taking short-term profits by selling US$2.4 billion worth of shares in Bank of China and China Construction Bank. The Singaporean sovereign wealth fund is selling 1.6 billion CCB shares at HK$5.99 to HK$6.10 each, a discount of 1. to 2.8 per cent to the stock's close of HK$6.16 yesterday, to raise as much as US$1.2 billion, ...




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