NZ’s Synlait Milk to raise NZ$120m in IPO, share sell-down

Customers look over products sold by China Bright Dairy, which will see its 51 per cent stake in Synlait diluted to 40 per cent stake after a New Zealand listing. Photo: AP

New Zealand dairy company Synlait Milk plans to raise a total of NZ$120 million (HK$720.2 million) in an initial public offering and share sell-down, ending the majority stake held China’s Bright Dairy.

Monday, 24 June, 2013, 2:53pm

Group to sue for forced war work

A group of Shanghai residents plans to file a lawsuit against Japanese companies for forcing them to work as labourers in Japan during World War II, the group's lawyer and local media said.

14 Sep 2002 - 12:00am

Japan to amend law restricting ownership

In a move to facilitate globalisation of domestic shipping companies, Japan has adopted a bill to remove restrictions on the ownership of Japanese-flag ships to allow them to appoint non-Japanese board directors.

A newspaper reported that the bill for the amendment of the Shipping Law was sent to a government committee recently.

17 Mar 1999 - 12:00am

Inland trade to boost transport

The steady increase in container volume from inland China to coastal ports could lead to faster development of intermodal transport involving double-stack trains and trucking in the next 10 years, a shipping executive says.

27 May 1998 - 12:00am

Power contract won

Mitsui Babcock Energy has won a US$330 million contract in the mainland, said the president of Britain's Board of Trade, Margaret Beckett, announcing backing for the deal from the Export Credits Guarantee Department.

2 May 1998 - 12:00am

Mitsui orders three more VLCCs

Mitsui OSK Lines will order three double-hull 266,000 deadweight tonne VLCCs from Mitsui Engineering and Shipbuilding in Japan, Maritime Asia Today reports.

The first will be delivered in December next year, the second by September 2000 and the third by December 2000. The order brings the number of Mitsui's VLCC newbuildings to five.

20 Apr 1998 - 12:00am

Austal moves into Tokyo

Australian shipbuilder Austal Ships has opened a regional office in Tokyo to devote greater time and resources to understanding and working with Japanese regulatory authorities.

20 May 1996 - 12:00am

MOL's dock-receipt system goes on-line

THE newly-developed integrated documentation system of Mitsui OSK Lines (MOL) of Japan has become fully operational.

Dock receipt data received from forwarders is entered into an IBM AS400-based new documentation finalising system in real time through an optical character reader.

System trials started in June last year.

5 Jan 1996 - 12:00am

Mitsui in SSC joint venture

MITSUI Engineering and Shipbuilding of Japan has agreed with NQEA Australia, the Queensland-based builder of aluminium high-speed craft, on the production in Australia of a Mitsui-designed semi-submerged catamaran (SSC).

The vessel comprises two torpedo-shaped lower hulls to take up most of the displacement, plus an upper structure.

27 Feb 1995 - 12:00am

Nedlloyd to extend charter

NEDLLOYD Lines has extended its slot charter arrangement with Mitsui OSK Lines to load containers bound for the east coast of South America directly at Shanghai.

The company also said it would continue to use common feeders for transshipping Chinese cargo in Hong Kong.

Nedlloyd and Mitsui jointly operate a service from the Far East to South America.

20 Jan 1995 - 12:00am

Japanese plan deal with Sinotrans unit

NICHIMEN Corp, Mitsui OSK Lines (MOL) and Omori Kaisoten will set up an integrated logistics joint venture with Sinotrans Beijing Corp this month.

The new firm will handle not only export and import cargo, but also goods for domestic distribution to meet diversified logistic needs of Japanese businesses operating in Beijing and Tianjin.

4 May 1994 - 12:00am

UK builder's new office

ONE of Britain's biggest building groups, Trafalgar House Construction (THC), has opened an office in Tokyo in an attempt to win a slice of Japan's burgeoning public works programme.

16 Mar 1994 - 12:00am

Mitsui, Nedlloyd in pact

NEDLLOYD Lines and Mitsui O.S.K. Lines, two of the major container operators in the Far East-South America Trades have concluded an agreement to combine their direct services between Japan, the Far East, Southeast Asia and the east coast of South America via the Indian Ocean route.

From September 30, a joint full container service will be offered with a 10-days frequency.

27 Aug 1993 - 12:00am

MOL in Brazil

MITSUI OSK Lines has established a partnership with its former shipping agent Wilson, Sons S.A. in Brazil as part of a programme of upgrading overall services and effecting cost management practices throughout South America.


27 Jan 1993 - 12:00am