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  • Sep 17, 2014
  • Updated: 7:45pm

Credit Rating

Standard & Poor's says BOC, CCB are solvent

Bank of China and China Construction Bank were declared technically solvent yesterday for the first time by Standard & Poor's.

Friday, 30 July, 2004, 12:00am

Standard & Poor's says BOC, CCB are solvent

Bank of China and China Construction Bank were declared technically solvent yesterday for the first time by Standard & Poor's.

The decision comes after a capital injection into the two state-owned commercial banks by the government and recent sales of non-performing loans.

30 Jul 2004 - 12:00am

Citigroup settles US$2.6b fraud suit

WorldCom stake holders provided for as investment bank raises legal reserves

Citigroup will pay US$2.65 billion to settle a class-action suit brought by holders of WorldCom stocks and bonds who claimed it had participated in the massive fraud with the telephone company, now known as MCI.

11 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Johnson Electric Holdings

Closing price: $7.25

Target price: $10.26

Share price performance (%)

1wk: 5.07

3mths:27.63

1mth:17.71

1yr:19.55

8 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Harbin Brewery Group

Closing price: $3.225

Target price: $4.20

Share price performance (%)

1wk: 3

3mths:0.78

1mth:10.41

1yr:40.21

5 May 2004 - 12:00am

UPGRADES AND DOWNGRADES

BUY Denway Motors

Closing price: $8.85

Target price: $11.10

Share price performance (%)

1wk: 3.27

3mths:7.36

1mth:0.56

1yr:173.4

24 Mar 2004 - 12:00am

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