China National Petroleum Corporation (CNPC) said that its subsidiary, China National Oil and Gas Exploration and Development Corp, has signed an agreement with KazMunaiGas (KMG), the Kazakh state-owned company, to set up a joint venture (JV) to purchase JSC MangistauMunaiGas (MMG) for US$3.3...
Apax Partners, the biggest private equity (PE) company in Europe, on Thursday opened its first mainland Chinese unit in Shanghai, the Shanghai Daily reported.The London-based company, which manages about US$40 billion, plans an investment of US$10 billion in the coming two to three years, a large part of...
China Peak, the country's leading basketball equipment manufacturer, has received investment funds of US$60 million from Sequoia Capital China, CCB International, and Legend Capital, sources reported.The investment testifies to the strength of the company's international strategy and sales concept, said Xu...
Australian regulators approved China Minmetals' revised $850 million bid for OZ Minerals, but want an "arms length" takeover.
Daimler AG, the world's second-largest maker of luxury cars, is in talks with China's sovereign wealth fund China Investment Corp (CIC) about the possible capital injection into the German automaker, said Daimler's Chief Executive Dieter Zetsche, the Frankfurter Allgemeine Zeitung newspaper reported on...
U.S. luxury hotel operator Wyndham Hotel Group recently announced it will add two Ramada hotels to its China portfolio, namely Ramada Hotel & Suites Boao in Hainan Province and Ramada Huangshan in Anhui Province, sources reported.The 1,000-room Ramada Hotel & Suites Boao, invested by Hainan...
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd<000060>, the third-largest zinc producer in China, consented to spend US$1.89 million to acquire an additional 17% stake in its China aluminum processing joint venture (JV) with Rio Tinto, the world鈥檚 third largest miner, according to a statement the...
Germany-based ERGO, one of the major insurance groups in Europe, intends to establish a life insurance joint venture (JV) in China as it regards the country as one of its main priorities in its plans for global expansion, the Shanghai Daily reported on Tuesday, citing Jochen Messemer, chairman of ERGO...