Dongfang Electric Corp Ltd<600875><1072>, the country's top power equipment maker, plans to issue up to 145 million shares to not more than 10 institutional investors, including its largest shareholder Dongfang Electric Corp (DEC), to raise up to RMB 5 billion, sources reported....
China Sci-Tech Holding Ltd<0985>, an investment company engaged in financial instruments and property investment, bought the Martabe gold and silver project, located in Indonesia, from OZ Minerals for US$211 million.China Sci-Tech has agreed to pay a deposit of US$10 million and to pay the remaining...
ZTE Corp<000063><763>, a leading global provider of telecom equipment and network solutions in China, reported a 29.17% year-on-year increase in its net profit in the first quarter of this year, which was RMB 78.66 million, due to the 3G boom in China and the government's stimulus package for the...
China Mobile Ltd<941><CHL>, the country's largest telecom operator, has begun selling 3G netbooks in its outlets and offered subscribers a discount of up to half the cost to lure more consumers, the Shanghai Daily reported.The promotion program offers 29 netbook models made by 17 personal computer makers,...
TCL Group<000100>, a major Chinese television and mobile phone manufacturer, forecasted that it may suffer a year-on-year decline of 96% in net profit in the first quarter of this year, according to its statement filed with the Shenzhen Stock Exchange on Apr. 22.The company estimated its net profit may stand at...
Google Inc, the world's leading online search engine, aims at further integrating its resources in China's major community site, Tianya Club, and may set up a joint venture to run the BBS and Q&A businesses, according to an unnamed insider, sources reported.The speculation came after Google's recent...
Taiwan-based Acer Inc, the world's third-largest PC brand, plans to sell over 1 million smartphones in 2010 and secure a 6-7% market share within three years, said Aymar de Lencquesaing, Acer's senior vice president for smart handheld business, sources reported.The company expects its smartphone business...
Huawei Technologies Co Ltd, the leading Chinese vendor for communications equipment and network solutions, said on Wednesday its net profit grew 20% to US$1.15 billion in 2008 from US$956.9 million in the previous year.The Shenzhen-based company said its revenue rose 43% in 2008 to US$18.33 billion...
Huawei Technologies Co Ltd, a major equipment vendor in China's telecom market, plans to invest in Papua New Guinea (PNG), a leading PNG daily reported on Wednesday, citing the Pacific island nation's Prime Minister Michael Somare.The minister, who recently visited China, said that the telecom giant had...
PCCW Ltd<8>, the biggest telecom carrier in Hong Kong, reported that its net profit attributable to shareholders plunged 15% year on year to HK$1.27 billion in 2008. The company attributed the net profit decline to the increased cost of finding new customers, loss arising from revalued property investments...