• Wednesday
  • October 22, 2014
  • Last updated: 5:47pm
Hong Kong




Refine Your Search

Sort by

Search Results

Results 1 - 10 of 360 for yuan

Related topics matching your search

Search results

  1. Ad agency Qin Jia Yuan plans to raise $128m

    Posted Jul 30th 2005, 12:00am by Staff Reporter

    ... Fiona Lau Trading in shares of advertising agency Qin Jia Yuan Media Services was suspended yesterday pending an announcement relating to a share placement. The company planned to raise $128.1 million to set up a mainland advertising agency joint venture, sources said. The sources said Qin Jia Yuan would place a topped-up batch of 70 million shares at $1.83 each, an 8.5 per cent ...

  2. Prime pork supplier's IPO raises 322m yuan

    Posted Jun 03rd 2004, 12:00am by Staff Reporter

    ... Nichole Chan Hunan Xinwufeng, a prime pork supplier to Hong Kong and Macau and an associate company of unlisted Hong Kong firm Ng Fung Hong, has raised 322 million yuan through a listing ... been approved by the China Securities Regulatory Commission, will range between 200 million yuan and 500 million yuan. ...

  3. ICBC writes off bad loans of 60b yuan

    Posted Jan 13th 2004, 12:00am by Christine Chan

    ... Christine Chan Earnings at Industrial and Commercial Bank of China (ICBC) were 2.1 billion yuan last year after the mainland's biggest bank wrote down a hefty 60 billion yuan in bad loans. The huge write-off was made possible by a 40 per cent surge in operating income to 62.1 billion yuan, helped by higher fee-based income and returns from treasury trading. ICBC's bad ...

  4. Citigroup buys 2b yuan of NPLs

    Posted Apr 28th 2004, 12:00am by Staff Reporter

    ... (NPL) portfolio with a face value of two billion yuan from China Great Wall Asset Management, in one of the first outright sales of mainland bad bank loans. The announcement comes as the four state-owned mainland asset management companies are rushing against a new and tighter deadline to offload NPLs taken over from the Big Four state banks, originally valued at 1.39 trillion yuan ...

  5. Beijing site gets 16b yuan boost

    Posted Dec 11th 2003, 12:00am by Staff Reporter

    ... has received a 16 billion yuan commitment from a joint venture between China's Cosco Group and Indonesia's Salim Group, Beijing officials say. The project, in Dongba, has generated ... Dongba, Cosco will start primary development of the site in the first quarter of next year. The 16 billion yuan covers construction, the moving of existing buildings off site and preparation ...

  6. CCB given 65.4b yuan fund pledge

    Posted Jun 14th 2005, 12:00am by Staff Reporter

    ... Bei Hu Subsidy aims to cushion the effects of bank's strict loan-loss reserve standard The central government has pledged 65.49 billion yuan to boost China Construction Bank's ... injection in late 2003. On top of that, a 64.45 billion yuan People's Bank of China (PBOC) loan financed China Cinda Asset Management's acquisition of CCB's NPLs with a face value ...

  7. Mainland banks seen safe from yuan fallout

    Posted Jul 25th 2005, 12:00am by Staff Reporter

    ... Bei Hu Access to range of hedging instruments tipped to shield lenders from forex risks The yuan's slight appreciation against the US dollar on Thursday will not immediately dent ... currency risks. The switch from a US dollar peg to a managed float based on a basket of currencies drove the yuan up 2.1 per cent against the greenback- effectively marking the first revaluation ...

  8. SUV maker to lift sales in 1b yuan upgrading

    Posted Apr 15th 2005, 12:00am by Eric Ng

    ... years, despite falling car sales, rising petrol prices and central government plans to introduce fuel efficiency standards for cars from July. The company will spend 800 million yuan to one billion yuan to expand annual production capacity to 100,000 cars in two to three years. Hebei-based Shuanghuan produced 10,175 SUVs last year and is expected to make 25,000 this year after a new ...

  9. Shenhua Energy plans 30b yuan capacity boost

    Posted Apr 08th 2005, 12:00am by Eric Ng

    ... an average of 10 billion yuan annually over the next three years to expand power and coal production capacity, according to sources close to the company. The company, spun off from ... threefold last year to nine billion yuan on turnover of about 39 billion yuan. Coal output last year rose 15 per cent to 115 million tonnes and is projected to increase to 135 million tonnes ...

  10. Zhejiang three aim for 2.2b yuan

    Posted Jan 20th 2005, 12:00am by Eric Ng

    ... Eric Ng Three Zhejiang companies aim to raise a total of up to 2.2 billion yuan through Hong Kong main board listings within the next two years. Hangzhou-based Greentown Real Estate Group ... panel member Shen Ran, a director at Hangzhou Minsheng Pharmaceutical Group, said his company intended to appoint Citic Capital as the sponsor for a listing to raise between 600 million yuan ...




SCMP.com Account