Shipping giant Cosco Pacific received shareholder approval to buy an RMB 1.05 billion, 16.23% stake in Shenzhen-listed container maker China International Marine Containers from parent company Cosco Group. If approved by authorities, Cosco Pacific will assume control of 163.7 million non-publicly tradable state-owned legal person shares. The company also disclosed it was it might make […]
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Seeking to capitalize on the current round of state asset restructurings and Shenzhen's plan to sell off municipally-held assets, China Merchants Holdings (International) hinted it would seek a bigger stake in Shenzhen port's. Shenzhen Nanyou (Group). The Shenzhen-held company holds a 34% stake in Shenzhen Haixing Port Development in which China Merchants also holds an […]
Saudi-based polyolefin maker Saudi Basic Industries Corp, which did a US$1 billion in China sales last year, said it would invest in mainland petrochemical production facilities. in China, despite cheaper production costs in its Middle East home market. Yousef Al-Benyan, general manager of the company's Asia Pacific unit, said China, which accounts for half the […]
Hong Kong's Securities and Futures Commission was reported ready to accept a record HK$30 million settlement from investment bank ICEA rather than put it under a two-year suspension for its role in sponsoring collapsed Shenyang-based industrial orchid rancher Euro-Asia Agricultural (Holdings). According to the South China Morning Post, which reported the story, the penalty figure […]
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How to do China
China is hot, the newbies need guidance, and the books are there in the airport bookshops to help them through the entry process.