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  • October 22, 2014
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  1. Tibetan mineral water firm seeks HK$1.6b IPO

    Posted Jun 21st 2011, 12:00am

    ... Lhasa-based mineral water company Tibet 5100 Water Resources is braving an ebbing stock market to raise up to HK$1.6 billion in an initial public offering in Hong Kong. The first Tibetan ... Water Resources is often called China's Evian, with its bottles priced five to six times other domestic mineral water products on the mainland. It says the water is sourced from a unique ...

  2. Shanghai Industrial to make a splash

    Posted Jun 13th 2012, 12:00am

    ... into water and environmental protection projects in two years and will list a water unit here that is already listed in Singapore. The conglomerate aims to raise its total daily processing volume of fresh water supply and sewage treatment projects to 10 million tonnes in the next 18 months, up from the current 8.5 million tonnes, said Zhou Jun, chairman of the firm's infrastructure ...

  3. Orient targets shale gas resources

    Posted Mar 06th 2012, 12:00am

    ... largest technically recoverable shale gas resources amounting to 1,275 trillion cubic feet, according to a report by the United States Energy Information Administration. This is about 50 per cent more than that of the US, the second-largest resources holder, although the report did not include Russia, Central Asia and the Middle East, either because they have significant quantities ...

  4. China Petrochemical escapes full resource tax

    Posted Oct 15th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Petrochemical, the mainland's second-largest oil and gas producer, will not have to pay the full resource tax rate as Beijing plans to charge less ... an average resource tax rate of 3.7 per cent, Bloomberg reported. This is lower than the 5 to 10 per cent range announced by the State Council on Monday under a reform of the tax that will take ...

  5. HK Resources pair under investigation by the ICAC

    Posted Jul 15th 2011, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The chairman and a director of Hong Kong Resources Holdings are under investigation by the Independent Commission Against Corruption for 'alleged ... charges yet, it said. Hong Kong Resources asked the stock exchange to suspend trading of its shares on July 4- the day ICAC staff visited the company's offices in Admiralty Centre to take ...

  6. Directors at Resources Holdings aid ICAC

    Posted Jul 08th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com Trading of shares in jewellery retailer Hong Kong Resources Holdings remained suspended for the fourth day after two of its directors, including lawyer and maverick deal maker Kennedy Wong Ying-ho, assisted the Independent Commission Against Corruption in an investigation. Hong Kong Resources asked the Hong Kong Exchanges & Clearing to halt ...

  7. Newton Resources to have another go at HK listing

    Posted Jun 21st 2011, 12:00am

    ... Toh Han Shih Hanshih.toh@scmp.com Newton Resources is expected to list in Hong Kong on July 4, after aborting a fund-raising plan last year amid a fraud scandal involving former ... Yao Zanxun said. 'In two to three years, we will double our mining resources. We have secured 100 per cent of our sales of iron concentrate for 2011 and 2012.' Six mainland steel ...

  8. Orient Resources shares surge on oil asset deal

    Posted Aug 17th 2007, 12:00am by Eric Ng

    ... Shares of property investor and building materials wholesaler Orient Resources Group surged as much as 46 per cent after chairman and controlling shareholder Zhong Hongwei announced ... into the oil business would enhance profit. Orient Resources has signed an agreement to acquire from United Petroleum & Natural Gas Investments the participation rights and obligations for an oil ...

  9. China Resources posts 12.3pc drop in profit

    Posted Nov 20th 2008, 12:00am by Carol Chan

    ... Carol Chan China Resources Enterprise warned of a tougher operating environment after posting a 12.3 per cent drop in third-quarter earnings. Profit for the three months to September ... to HK$2.16 billion on a turnover of HK$50.14 billion, excluding gains from the disposal of its petroleum business in June last year. China Resources, which operates supermarkets and produces Snow ...

  10. China Resources profit jumps 194pc

    Posted Sep 06th 2007, 12:00am by Carol Chan

    ... Carol Chan Red-chip conglomerate China Resources Enterprise yesterday posted a 194.49 per cent jump in first-half net profit on the sale of its petrol stations and said it would raise ... faster than expected so we need to revise the [expenditure] budget upwards,' he said. China Resources spent about HK$6.2 billion in the first half, mostly on beverage and retail acquisitions ...




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