Joint Venture

In Brief

Proceeds from Hong Kong initial public offerings top US$52.3b

Thursday, 9 December, 2010, 12:00am

CSR-GE joint venture targets high-speed rail

The mainland's CSR Corp, the world's largest manufacturer of electric locomotives, will form a joint venture with a unit of US conglomerate General Electric to pursue high-speed rail projects in the United States.

CSR and GE Transportation will invest about US$50 million in the venture, which will probably create 250 hi-tech jobs in the US by 2012.

8 Dec 2010 - 12:00am

Cathay spreads wings on flights and services

New flights and services, enhanced products and a strengthening of Cathay Pacific's relationship with shareholder Air China are among the priorities for the Hong Kong-listed airline, chief executive-designate John Slosar said.

7 Dec 2010 - 12:00am

Green Dragon taps market for US$102.8m

Green Dragon Gas, a developer of projects to extract natural gas from coal seams on the mainland, has raised US$102.8 million through an institutional share placing.

6 Dec 2010 - 12:00am

Shaping the City of Sadness

1977 Special Committee on Land Production recommends government study feasibility of developing Tin Shui Wai.

1979 Mightycity, a consortium owned mainly by China Resources and Cheung Kong, acquires fish ponds and farmlands in Tin Shui Wai

6 Dec 2010 - 12:00am

American seeks justice for savage police beating

Michael Wu lay in agony on the police station floor for three hours. The men who beat him accused him of faking his injury, just as they accused him of lying about his American citizenship, acquired 12 years earlier.

'After the beating, one of the guys said to me: 'So you're an American citizen. So what?'' he said.

6 Dec 2010 - 12:00am

Prospects flourish in buoyant market

There can be few places on earth that have offered greater opportunities to engineers since the end of the second world war than Hong Kong.

Huge building booms and increases in value that far outstripped the occasional bust created a world-famous skyline and one of most profitable property markets in the world.

4 Dec 2010 - 12:00am

Airbus engine launches challenge to China's home-grown aircraft

The battle for airline orders between the Airbus 320 aircraft and China's home-grown 158-seater, the C919, has started even though the first flight of the C919 is still four years off.

3 Dec 2010 - 12:00am

Morgan Stanley sale of CICC near

Morgan Stanley has moved a step closer to selling its stake in the mainland's first Sino-foreign joint-venture investment bank while forming a new venture in the country after the securities regulator approved the sale of its holding in China International Capital Corp.

1 Dec 2010 - 12:00am

EuroSibEnergo offering is delayed

EuroSibEnergo, Russia's largest private power producer, has delayed its planned US$1.5 billion Hong Kong initial public offering to next year.

It is holding on as it awaits Beijing's approval on the investment in its shares by a business partner and a proposed joint venture, a person familiar with the deal said.

30 Nov 2010 - 12:00am

Li flagships buy two mainland sites

Cheung Kong (Holdings) and its associate Hutchison Whampoa have linked up to acquire two mainland sites - one in Dalian and one in Chongqing - for a total amount of 2.58 billion yuan (HK$3.01 billion).

The companies, controlled by Asia's richest man, Li Ka-shing, yesterday bought a 320,000 square metre site in Dalian for 1.27 billion yuan.

30 Nov 2010 - 12:00am

HK bus companies find the mainland's roads hard going

Although it seems unlikely that there are any businesses on the mainland failing to profit from the booming economy, there is at least one: public transport.

29 Nov 2010 - 12:00am

Regal races towards its goal of 20 hotels by 2012

Regal Hotels International has signed two more hotel management contracts and may exceed its target of increasing its portfolio to 20 hotels by 2012.

'It's now three years since we set that goal and we have 17 hotels already ... we may achieve more than the target in the end,' said Belinda Yeung Bik-yiu, executive director of Regal.

25 Nov 2010 - 12:00am

Zhuhai air show doubles contracts to US$9.3b

The China International Aviation and Aerospace Exhibition, better known as the Zhuhai Air Show, ended last week with flying colours - more than doubling the amount of contracts from the previous show.

The exhibition signed US$9.3 billion worth of contracts, compared with US$4 billion two years ago. Deals were boosted by sales of Chinese regional jets.

24 Nov 2010 - 12:00am

Beyond profit

Can business become a catalyst in the drive to address urgent social needs? Former banker Yvonne Li Yee-yean thought so as she watched the myriad relief efforts organised across the mainland in response to 2008's devastating Sichuan earthquake.

22 Nov 2010 - 12:00am