• Thu
  • Dec 18, 2014
  • Updated: 1:40pm

Charoen Pokphand

More vocal Chinese workers give foreign investors pause

Chip Starnes tells of his ordeal after he was held hostage by workers at his factory. Photo: AFP

Social instability in mainland China is increasingly a major concern for foreign investors, with the deal-making process often involving more than just the buyer and the seller - as local governments and even workers are capable of tearing up carefully negotiated agreemen

Monday, 10 March, 2014, 12:27pm 1 comment

A.S. Watson sale tipped to hit price snag again

Businesses under the AS Watson umbrella extend from pharmacy stores to health and beauty centres in Asia and Europe. Photo: Bloomberg

Li Ka-shing's determination to cash out of the AS Watson retail businesses after his recent setback in offloading his ParknShop supermarket assets is likely to meet the same problem: buyer resistance on price.

30 Oct 2013 - 2:07pm 2 comments

Accounting for flora and fauna gives Southeast Asia growing pains

A woman processes poultry at a Charoen Pokphand Foods (CPF) processing plant in Thailand. The company says new accounting standards are proving “a headache”. Photo: Reuters

Auditors and investors in Southeast Asia are pushing back against an accounting standard used to value farm animals, crops and other agricultural produce that they fear will make profits more volatile and raise the risk of corporate skulduggery.

11 Jul 2013 - 2:28pm

Ping An, HSBC shares set to take off

Dhanin Chearavanont

Shares of HSBC and Ping An Insurance are expected to rise today on the back of bullish equity market sentiment, and news that mainland regulators have approved HSBC's US$7.4 billion sale of its Ping An stake to Thailand's Charoen Pokphand.

4 Feb 2013 - 4:00am

Ping An rises on HSBC stake sale to Charoen Pokphand

HSBC Holdings’ decision to sell its stake in China’s Ping An Insurance (Group) Co is the biggest sale of an insurance stake in Asia in two years, and leaves HSBC with more than US$10 billion of stakes in Chinese banks. Photo: Bloomberg

Ping An Insurance (Group) Co. shares rose the most in eight months, leading Chinese insurers higher, after HSBC Holdings said it will sell its entire stake for US$9.4 billion to a Thai company, removing investor uncertainty. Ping An, China’s second-largest insurer, advanced 4 per cent to HK$59.95 in mid morning trade, the most since April 13.

5 Dec 2012 - 11:39am

HSBC to sell Ping An stake for US$9.4b to Thai firm

HSBC Holdings is raising more than US$9 billion through selling its Ping An stake. Photo: SCMP

HSBC Holdings, Europe’s biggest bank by market value, agreed to sell its stake in China’s Ping An Insurance (Group) Co. to Charoen Pokphand Group Co. for US$9.4 billion in its biggest divestment in at least 17 years.

5 Dec 2012 - 12:39pm

Kingdom recovers from chaos

Amid celebrations for highly revered King Bhumibol Adulyadej's birthday today, Thais will be taking stock of the relative calm after scenes of chaos in Bangkok earlier this year, when red-shirted anti-government protesters besieged the streets.

5 Dec 2010 - 12:00am

Chia Tai looks beyond key cities for growth

Chia Tai Enterprises International, a loss-making mainland hypermarket operator controlled by Thailand's Chearavanont family, aims to expand in second-tier cities after buying HK$2.81 billion of Lotus outlets from a partnership led by the family's flagship company.

22 May 2007 - 12:00am

Chia Tai shares surge on plan to buy stores

Shares of retailer Chia Tai Enterprises International surged as much as 66 per cent yesterday after it announced that a partnership led by controlling shareholder, Thailand's Chearavanont family, plans to inject into it 19 mainland hypermarkets in exchange for HK$2.81 billion in its shares.

19 May 2007 - 12:00am

Patience pays off for Thai family business

If nothing else, Dhanin Chearavanont should be credited for his perseverance in potentially the world's biggest market. Not many conglomerates have weathered the magnitude of setbacks that his agribusiness-focused Charoen Pokphand Group (CP Group) has - from flopped motorcycle and shopping mall ventures - and millions of dollars in lost opportunities.

20 Sep 2005 - 12:00am

Closer China ties sought

It is clear Sihasak Phuangketkeow has a lot on his mind, but you would never know it from the way he gracefully settles into an armchair in his Hong Kong office and starts reminiscing about his previous posting with the Royal Thai Embassy in Tokyo.

12 Aug 2001 - 12:00am

CP Pokphand, top directors censured over rules breach

Regulators have publicly censured Thai-based CP Pokphand and six executive directors - including chairman Dhanin Chearavanont - for breaching disclosure rules.

President Sumet Jiaravanon and executive director Thirayut Phitya-Isarakul were singled out for criticism for trying to cover up the breach after it was discovered by auditors.

4 May 1999 - 12:00am

CP Pokphand eyes extension

CP Pokphand has applied to the stock exchange for an extension over the despatch of a circular about certain connected transactions. The issue relates to certain loans advanced by the company's three mainland subsidiaries to Beijing Dafa Chia Tai and Chia Tai Livestock company last year.

24 Jun 1998 - 12:00am

Exchange keeps options open on action against CP Pokphand

The stock exchange has reserved its right to take action against CP Pokphand for failing to disclose connected transactions worth $129.3 million last year. The company yesterday said certain subsidiaries advanced loans to a firm ultimately controlled by two directors and to a joint venture in which the firm was a partner.

4 Jun 1998 - 12:00am

Pokphand wins delay

Holders of floating-rate notes issued by troubled conglomerate CP Pokphand agreed at meetings yesterday to adjourn until the end of next month discussions aimed at convincing them to revoke redemption notices amounting to US$92.8 million.

30 May 1998 - 12:00am

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