China Economic ReviewInterbrew 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 […]
Haikou Meilan Airport is hoping to list in Hong Kong and to attract strategic foreign investors, according to South China Morning Post. Sources familiar with the listing plan told the newspaper in July that the airport management was meeting with several European and Asian airport management firms to discuss potential investment. The airport has revealed […]
Motorola has won four contracts worth US$108m to expand and upgrade wireless networks for China Mobile. Under the contract, the US group will expand GSM 900 and 1800 networks in the provinces of Hubei and Yunnan and the cities of Beijing and Tianjin. The expansions will increase subscriber capacity by 1.2m users when the work […]
Thames 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 […]
Cosco, China's leading container carrier, is consolidating its US operations as part of a major cost-saving exercise. The firm plans to shift customer service and documentation functions from its Cosco North America Inc headquarters in Secaucus, New Jersey to other centres, including Chicago and Houston. Up to a quarter of the company's 200 staff have […]