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  1. HSBC, charity in rural credit talks

    Posted Mar 07th 2008, 12:00am by Eric Ng

    ... contributing to the venture. New Hope has three partially government-funded rural credit firms in Shandong and Liaoning provinces, with plans to invest 100 million yuan (HK109.69 million) to set up seven more. Along with its partners, New Hope plans to invest more than five billion yuan in the agricultural and animal husbandry business over the next five years, to further tap ...

    http://www.scmp.com/article/628834/hsbc-charity-rural-credit-talks
  2. Zhongda posts 92pc fall in profit after results delay

    Posted Jul 07th 2003, 12:00am by Eric Ng

    ... for the year to December fell to just 2.59 million yuan (HK$2.43 million) from 33.51 million yuan the previous year, despite turnover dropping only 3.76 per cent to 173.43 million yuan. The results ... yuan from 16.81 million in 2001. The company received an unqualified audit opinion on its results. It said earlier the delays in announcing its audited results were because its auditor ...

    http://www.scmp.com/article/420860/zhongda-posts-92pc-fall-profit-after-results-delay
  3. CUCBM in talks with potential investors to raise up to 20b yuan

    Posted Nov 21st 2009, 12:00am by Eric Ng

    ... to 20 billion yuan (HK$22.70 billion) in the next two to three years. The Beijing-based firm is in talks with would-be strategic investors, chairman Sun Maoyuan told the South China Morning ... investors. Set up in 1996 as China's sole state-owned coalbed methane (CBM) developer with registered capital of 100 million yuan, the company enjoys exclusive rights to form CBM joint ventures ...

    http://www.scmp.com/article/698986/cucbm-talks-potential-investors-raise-20b-yuan
  4. Huadian to tap market for 7b yuan

    Posted Aug 13th 2009, 12:00am by Eric Ng

    ... Eric Ng Huadian Power International Corp said it planned to issue seven billion yuan (HK$7.94 billion) in new shares to partly finance an 80 billion yuan capital spending plan to raise ... yuan private placement by the end of the year, general manager Chen Jianhua (right) said yesterday. Huadian, Shandong province's largest power firm, has expanded into western and central ...

    http://www.scmp.com/article/689639/huadian-tap-market-7b-yuan
  5. China Shenhua budgets 148b yuan for expansion

    Posted Aug 17th 2009, 12:00am by Eric Ng

    ... Eric Ng China Shenhua Energy plans to spend more than 148 billion yuan (HK$168 billion) by 2015 to double its coal output, raise the handling capacity of its coal ports by 77 per cent, ... the mainland's rising energy demand, company secretary Huang Qing said. China Shenhua has budgeted 100 billion yuan to build two large-scale coal mines, each with annual capacity of 100 million tonnes. ...

    http://www.scmp.com/article/689981/china-shenhua-budgets-148b-yuan-expansion
  6. Shenhua allots 270b yuan for expansion plans

    Posted Sep 02nd 2009, 12:00am by Eric Ng

    ... Eric Ng China Shenhua Energy plans to spend 270 billion yuan (HK$307 billion) to expand production and coal storage capacity over the next four years as it enhances national energy ... and eastern China, expand coal transportation facilities and boost power generation capacity, said chairman Zhang Xiwu. Company secretary Huang Qiqing earlier said 148 billion yuan has been budgeted ...

    http://www.scmp.com/article/691281/shenhua-allots-270b-yuan-expansion-plans
  7. Sinopec to spend 120b yuan a year on growth

    Posted Aug 25th 2009, 12:00am by Eric Ng

    ... Eric Ng China Petroleum & Chemical Corp (Sinopec) plans to spend 120 billion yuan (HK$136.15 billion) annually between this year and 2011 to bolster output capacity and is mulling ... price. On Sunday, Sinopec unveiled a 4.33-fold jump in first-half net profit to 33.25 billion yuan. Separately, polyester-making subsidiary Sinopec Yizheng Chemical Fibre posted a net profit ...

    http://www.scmp.com/article/690628/sinopec-spend-120b-yuan-year-growth
  8. Green projects to get 2.07b yuan subsidies

    Posted Jun 26th 2009, 12:00am by Eric Ng

    ... Eric Ng The central government will dole out 2.07 billion yuan (HK$2.35 billion) to subsidise renewable energy projects in operation during last year's second half, a marked increase from the previous year, as it aims to push production of clean energy. The subsidies will cover 222 projects, compared with the 741.3 million yuan paid to 302 projects in 2007 and the first ...

    http://www.scmp.com/article/684977/green-projects-get-207b-yuan-subsidies
  9. Shanghai Electric net profit dips to 2.5b yuan

    Posted Apr 25th 2009, 12:00am by Eric Ng

    ... At 2.53 billion yuan (HK$2.87 billion), the profit for last year based on international accounting standards was lower than the 2.81 billion yuan recorded in 2007 and the 2.57 billion yuan estimated by 16 analysts polled by Thomson Reuters. The company said in January that net profit for last year would be 10 per cent to 13 per cent lower than the 2.9 billion yuan forecast it made ...

    http://www.scmp.com/article/678078/shanghai-electric-net-profit-dips-25b-yuan
  10. Tianneng Power plans 200m yuan investment

    Posted Jun 24th 2009, 12:00am by Eric Ng

    ... Eric Ng Tianneng Power International, the mainland's largest maker of lead-acid batteries for electric bicycles, plans to invest 200 million yuan (HK$227.13 million) in a lead ... prices through futures contracts. A sharp plunge in lead prices in the fourth quarter of last year induced by the global financial crisis saw Tianneng take a 30.5 million yuan write-down on its ...

    http://www.scmp.com/article/684697/tianneng-power-plans-200m-yuan-investment

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