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  • August 20, 2014
  • Last updated: 2:52pm
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  1. Business - Companies - FOOD

    Mengniu sets up yogurt venture with Danone

    Posted May 21st 2013, 12:00am by CCC

    ... in China Mengniu jumped more than 10 per cent yesterday after the company said it will introduce the French dairy-foods maker Danone as a strategic shareholder, with the two firms agreeing to set ... at HK$27.05, up 10.4 per cent yesterday. The Hang Seng Index climbed 1.8 per cent. Under the agreement, Danone will own an indirect interest of about 4 per cent in Mengniu through forming a joint ...

  2. News - Hong Kong - COURTS

    Cheung Kong No 2 said joint venture was a bad deal, says ex-LDC chief

    Posted Jan 18th 2013, 12:00am by Austin Chiu

    ... The Center, a 346-metre steel skyscraper in Central, was built. Razack was testifying in the High Court yesterday for Cheung Kong rather than his former employer LDC. The real estate and construction ...

  3. Business - Companies

    China Southern flies to Henan Airlines' rescue

    Posted Sep 25th 2012, 12:00am by Charlotte So

    ... crashed in Yichun, Heilongjiang, in 2010, killing more than 40 people. China Southern and Henan Aviation Investment, a company set up for the restructuring of Henan Air, yesterday agreed to form ... Separately, Cathay Pacific Airways announced plans yesterday to upgrade regional business class seats after its passenger yields came under pressure amid fierce competition and falling demand ...

  4. Business - Companies - TAKEOVERS

    Sinopec and ENN drop bid for China Gas

    Posted Oct 16th 2012, 12:00am by Sophie Yu, Denise Tsang

    ... hostile takeover bid for China Gas Holdings by a consortium that included the mainland's second-largest oil firm, China Petroleum & Chemical Corp (Sinopec), fell through yesterday. Ending 10 months of uncertainty over the takeover bid for the gas supplier, Sinopec and its ally ENN Energy Holdings said pre-conditions of the bid could not be met by yesterday's deadline ...

  5. Business - China Business - TECHNOLOGY

    Lenovo completes strategic acquisition in Brazil

    Posted Jan 04th 2013, 12:00am by BIEN PEREZ

    ... "smart" television markets. In a filing with the Hong Kong stock exchange yesterday, Lenovo chairman and chief executive Yang Yuanqing said a cash payment of HK$779.139 million was made ...

  6. 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, ...

  7. Business - Companies - RETAILING

    Milan Station shares surge on news of HK retailer's joint venture in Chengdu

    Posted Aug 24th 2012, 12:00am by Celine Sun

    ... Shares of Milan Station surged more than 70 per cent in trading yesterday after the retailer of second-hand luxury handbags said it planned to form a joint venture in Chengdu, Sichuan. Analysts ... before closing at 75 HK cents, up 55 per cent from the day before, making the company the top performer in the Hong Kong stock market yesterday. "I am a bit surprised to see the dramatic ...

  8. Business - Companies - TAKEOVERS

    Embattled China Gas in pact with Sinopec

    Posted Oct 17th 2012, 12:00am by Eric Ng

    ... to us but it means a lot to [Sinopec] in terms of gas distribution around the country," Sinopec chairman Fu Chengyu said yesterday. China Gas' share price yesterday fell as much as 5.3 ...

  9. Business - Money - MARKETS

    HKEx links up with Shanghai and Shenzhen exchanges

    Posted Oct 31st 2012, 12:00am by Enoch Yiu

    ... Services, the HK$300 million venture equally owned by the Hong Kong Exchanges and Clearing, Shanghai Stock Exchange and Shenzhen Stock Exchange, was officially set up yesterday. Its chief executive, ...

  10. Business - China Business - PROPERTY

    Chinese Estates builds reserves with sale of stake in Jiangsu joint venture

    Posted Sep 07th 2012, 12:00am by Yvonne Liu

    ... in Jiangsu province for US$500 million to increase its cash reserves. The company paid the same price to buy into the venture in June last year. In a statement to the stock exchange yesterday ...




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