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  • August 22, 2014
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  1. Dongfeng to invest 30b yuan in growth

    Posted Mar 31st 2011, 12:00am by Staff Reporter

    ... Neil Gough Dongfeng Motor Group, the largest Hong Kong-listed carmaker by market value, plans to invest 30 billion yuan (HK$35.58 billion) in the next two years to boost production ... year to a record 10.98 billion yuan on rapid growth of sales of passenger cars and commercial trucks, the company said. The profit figure was about 3 per cent short of the 11.27 billion yuan ...

    http://www.scmp.com/article/742627/dongfeng-invest-30b-yuan-growth
  2. GAC to pay parent 444.7m yuan for stake

    Posted Jan 01st 2011, 12:00am by Staff Reporter

    ... Neil Gough Guangzhou Automobile Group (GAC) said yesterday it will pay 444.76 million yuan (HK$523.84 million) for its parent company's stake in a mainland motorcycle joint venture ... ventures with Honda, Toyota, Mitsubishi and Fiat. GAC will pay the parent firm another 30.96 million yuan for Wuyang's related trademarks. Following completion, GAC and Honda will each ...

    http://www.scmp.com/article/734533/gac-pay-parent-4447m-yuan-stake
  3. KWG Property poised to top 10b yuan target

    Posted Oct 22nd 2010, 12:00am by Yvonne Liu

    ... Yvonne Liu Guangzhou-based KWG Property Holding's contract sales this year are expected to exceed its target of 10 billion yuan (HK$11.67 billion). The developer generated 9.3 billion yuan from contract sales in the first nine months, meeting 93 per cent of the sales target. The average price of the projects sold was 11,500 yuan per square metre. Roger Law, a vice-president ...

    http://www.scmp.com/article/728223/kwg-property-poised-top-10b-yuan-target
  4. FAW Car invests 1.79b yuan to revive struggling Red Flag brand

    Posted Aug 27th 2010, 12:00am by Staff Reporter

    ... Neil Gough State-owned FAW Car is betting 1.79 billion yuan (HK$2.04 billion) that it can raise high the Red Flag once again. The Changchun-based carmaker said yesterday it is investing ... completion of the plant, which will build a yet-to-be unveiled 'public servant car' identified only as the C131, is set for 2012. The new Red Flag factory is part of a 3.05 billion yuan ...

    http://www.scmp.com/article/723195/faw-car-invests-179b-yuan-revive-struggling-red-flag-brand
  5. Equity group Carlyle raises 2.4b yuan for mainland fund

    Posted Jul 31st 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai US private equity group Carlyle has raised 2.4 billion yuan (HK$2.75 billion) for a ground-breaking fund, putting it one step ahead of other global buyout giants ... yuan. It was the first major global private equity group to complete the initial closing of a local currency fund on the mainland. Carlyle, alongside Blackstone and several other big-name ...

    http://www.scmp.com/article/720999/equity-group-carlyle-raises-24b-yuan-mainland-fund
  6. Ningbo Port targets 13b yuan from Shanghai listing, eyes H-share float

    Posted Jun 02nd 2010, 12:00am by Toh Han Shih

    ... Toh Han Shih Ningbo Port, one of the mainland's largest port operators, plans to raise at least 13.25 billion yuan (HK$15.09 billion) from an A-share listing in Shanghai ... (CSRC). The 13.25 billion yuan minimum target is close to the biggest mainland share offering so far this year- the US$2.3 billion deal by Huatai Securities in Shanghai in February. On Friday, ...

    http://www.scmp.com/article/715993/ningbo-port-targets-13b-yuan-shanghai-listing-eyes-h-share-float
  7. Volkswagen, FAW plan 8b yuan Foshan plant

    Posted May 28th 2010, 12:00am by Staff Reporter

    ... Works-Volkswagen (FAW-VW), plans to spend 8 billion yuan (HK$9.1 billion) on a plant that will open in 2013 with an annual capacity of 300,000 cars. But Wang Lin, a spokesman for FAW-VW, said yesterday ... China for FAW-VW, one to rival the Japanese firms. Guangqi Honda said this week it will spend 930 million yuan to raise its annual capacity of 360,000 vehicles to 480,000 by 2012. GAC Toyota ...

    http://www.scmp.com/article/715542/volkswagen-faw-plan-8b-yuan-foshan-plant
  8. Guangqi Honda to invest 930m yuan to lift capacity

    Posted May 26th 2010, 12:00am by Staff Reporter

    ... Neil Gough Guangqi Honda Automobile said yesterday it planned to spend 930 million yuan (HK$1.06 billion) to boost production capacity by a third by the end of next year in order to ease supply-side constraints and meet soaring demand for its mid- to high-end passenger cars. Based in Guangzhou, the 50-50 partnership between Hong Kong-listed Denway Motors and Japan's No2 carmaker ...

    http://www.scmp.com/article/715376/guangqi-honda-invest-930m-yuan-lift-capacity
  9. 50b yuan Sino-French nuclear power joint venture in Taishan launched

    Posted Dec 22nd 2009, 12:00am by Eric Ng

    ... Eric Ng The country's largest nuclear power joint venture has started with the 50 billion yuan (HK$56.78 billion) plant in Taishan in the Pearl River delta. The inauguration ceremony ... agreement to form the joint venture to build and operate the two reactors in Taishan. They were estimated to cost 49.85 billion yuan of total investment, Xinhua reported yesterday. Two years ago, ...

    http://www.scmp.com/article/701921/50b-yuan-sino-french-nuclear-power-joint-venture-taishan-launched
  10. 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

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