gst subsidiary acquires beijing headquarters
GST Holdings, a fire alarm systems provider, said its wholly owned subsidiary Gulf Security Technology Company will acquire a new Beijing office complex comprising 4,691 square metres from Gulf Jingcheng Property Development for 81.7 million yuan. The complex, valued at 86 million yuan by LCH (Asia Pacific) Surveyors, will become GST's headquarters.
china to increase use of ethanol-primed petrol
Ethanol-added petrol will account for more than 50 per cent of China's total petrol consumption by 2010 under government planning, up from 20 per cent now, China News Agency quoted National Development and Reform Commission industry department vice director Xiong Bilin as saying in a bio-energy conference in Beijing.
ids sells shareholding
Logistics company Integrated Distribution Services Group is selling its 40 per cent stake in Slumberland Asia Pacific to Hilding Anders International, a mattress and beds manufacturer in Europe, for HK$246.6 million.
