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  • October 24, 2014
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  1. China Railway logs 550m yuan loss while CRCC's income misses target

    Posted Oct 31st 2008, 12:00am by Toh Han Shih

    ... Toh Han Shih China Railway Group posted a 550.47 million yuan (HK$625.06 million) loss for the third quarter, largely because of Australian-dollar-denominated structured deposits, while China Railway Construction Corp reported lower than expected earnings on foreign exchange losses. Despite the quarterly loss, China Railway reported 1.33 billion yuan profit for the first nine ...

  2. Parkson sees sales slowing after 25.9pc profit rise

    Posted Nov 15th 2008, 12:00am by Staff Reporter

    ... to materialise.' Beijing has announced a 4 trillion yuan (HK$4.54 trillion) plan to boost economic growth. Parkson managing director Alfred Cheng Yoong Choong said in a teleconference with investors ... from 20 per cent in September. Parkson said net profit for the three months to September rose to 190.3 million yuan from 151 million yuan a year earlier. Profit grew 40.3 per cent in the first ...

  3. Chinalco worst performer among state firms with 7.25b yuan loss

    Posted Aug 24th 2010, 12:00am by Eric Ng

    ... a profit for the first half of this year. Chinalco recorded a loss of 7.25 billion yuan (HK$8.29 billion) last year, ranking it below Sichuan province-based steel-maker Pangang Group's 1.64 billion yuan loss and flat-screen television maker Irico Group's 1.87 billion yuan loss. The figures were released yesterday by the State Council's State-owned Assets Supervision ...

  4. Citic Bank shares tumble after 26b yuan cash call upsets investors

    Posted Aug 13th 2010, 12:00am by Staff Reporter

    ... Jane Cai in Beijing China Citic Bank Corp shares fell in Hong Kong and Shanghai yesterday after the lender announced plans to raise up to 26 billion yuan (HK$29.76 billion) in a rights offer. The banking unit of the nation's largest investment firm fell 2.7 per cent to HK$5.09 in Hong Kong and 1.7 per cent to 5.64 yuan in Shanghai after the mid-sized lender disclosed ...

  5. Big Three airlines turn around to 1.2b yuan profit

    Posted Oct 28th 2009, 12:00am by Charlotte So

    ... The mainland's Big Three carriers - Air China, China Southern Airlines and China Eastern Airlines Corp - earned a total of 1.19 billion yuan (HK$1.35 billion) in the third quarter, as robust economic growth of 8.9 per cent helped spur passenger demand. China Southern reported net profit of 284 million yuan in the quarter, compared with 830 million in net losses in the previous ...

  6. National pension fund's assets up 38pc to 777b yuan

    Posted Jan 19th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland's national pension fund raked in 42.7 billion yuan (HK$48.54 billion) from its equity investments last year, piggybacking on an 80 per cent jump on the country's stock market. The National Social Security Fund (NSSF) said its assets grew 38 per cent to 776.5 billion yuan. The handsome gain could help allay concerns about China's under-funded ...

  7. Dalian Port eyes 2.8b yuan in Shanghai initial share sale

    Posted Oct 17th 2009, 12:00am by Kandy Wong

    ... Kandy Wong Dalian Port plans to raise 2.8 billion yuan (HK$3.18 billion) from the Shanghai stock exchange by next April, using the money for expansion, the company's top executive ... to three billion yuan annually in the coming three years, up from the previous two billion yuan a year. PDA, operator of the nation's third-largest port by assets, wants to take a leading role ...

  8. Merchants Bank targets 22b yuan in share issue

    Posted Oct 16th 2009, 12:00am by Staff Reporter

    ... Maria Chan The 22 billion yuan (HK$24.97 billion) China Merchants Bank is looking to raise in a rights issue should mean the lender will not have to tap the market again for the next three ... to comment if a similar growth rate could be achieved in the future. The bank's interim profit fell 37.62 per cent to 8.26 billion yuan from a year ago as interest margins narrowed ...

  9. Legend plans to invest 10b yuan over five years

    Posted Sep 09th 2009, 12:00am by Martin Zhou

    ... Martin Zhou in Shanghai Legend Holdings, the parent of the world's No4 computer maker, Lenovo Group, will spend 10 billion yuan (HK$11.35 billion) over the next five years making ... property-to-finance conglomerate, bought 29 per cent of the firm for 2.75 billion yuan from the asset management unit of the Chinese Academy of Sciences. The deal cut the academy's stake to 35 per cent, ...

  10. CNR awaits approval for up to 10b yuan share sale

    Posted Jul 14th 2009, 12:00am by Toh Han Shih

    ... 7 billion yuan (HK$7.94 billion) and 10 billion yuan. The firm's listing application is being vetted by the China Securities Regulatory Commission, according to a Shanghai Securities News ... analyst Barry Chan Tsang-shing estimated CNR could raise at least 10 billion yuan from a mainland listing, while another source said the company might raise about 7 billion yuan. The other leading ...




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