China Economic ReviewThames Water of the UK is to spend US$72m to acquire a 48.8 per cent stake in the Hong Kong-based China Water Co. As the largest shareholder in the company, Thames said it would provide operational and technical expertise to help the firm expand in China. It added that it would use its investment to […]
Interbrew of Belgium, brewer of Stella Artois and Labatt beers, announced that it has agreed to buy a 24 per cent stake in Zhujiang Brewery and plans to raise its stake as it expands its presence in China. No financial details were revealed, but Interbrew said that the purchase preceded an IPO by the Chinese […]
Lots are being sold to Japanese firms wanting to invest in an industrial park in Kunshan, Jiangsu province. Mitsui & Co has teamed up with the city government and a Taiwanese company to assist Japanese companies with plant construction and goods distribution in the area. They expect 80 firms to move into the 200-hectare park.
Shanghai may attract up to US$2bn in semiconductor investment this year, Reuters reported a senior official of the Shanghai Integrated Circuit Association as telling a local industry forum. The figure was based on investment proposals submitted to the city government and was 30 per cent higher than in the previous year. For example, two Taiwanese […]
Microsoft Corp said that it would invest US$750m in China over the next three years as part of a software development deal with the Chinese government. Under a memorandum of understanding signed in Beijing by Microsoft chairman Bill Gates and State Development Planning Commission minister Zeng Peiyuan, Microsoft will invest the money in education, research […]