U.S.-based financial holding company JPMorgan Chase & Co on Sep. 2 raised its shareholding in Hong Kong-listed property developer New World Development Co Ltd<0017> to 5.85%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.Information from HKEx shows that JPMorgan last...
New World China Land Ltd<0917>, an investment holding company engaged in the investment and development of property projects, said Thursday that its partner, Tianjin Anju Construction Development, has decided to relinquish its 30% in their joint venture, Tianjin New World Property Development Co, taking...
Media giant News Corp, the owner of the Fox television network and the Wall Street Journal, said yesterday that it will reorganize its Asian broadcast operations into three units and trim its operations in Hong Kong. The U.S.-based company will reorganize Star Group, whose content is distributed in 53 Asian nations, into...
Shanxi Guoyang New Energy Co Ltd<600348> on Aug. 14 announced that it realized RMB 875.64 million in net profit in the first half of this year, a year-on-year jump of 80.94%, sources reported.As of Jun. 30, the Shanghai-listed energy company鈥檚 total assets were RMB 11.3 billion, whereas it had RMB 9.51 billion a...
FAW-Volkswagen will produce its new generation Sagitar at its plant in Chengdu, Sichuan Province. The company hopes to produce 150,000 units of Sagitar every year at this first stage. Ultimately, the annual production is expected to reach 350,000 units. The new Sagitar model will be launched in N...
Dongfeng Motor Group Co Ltd<0489>, the largest listed automobile company in China, Tuesday said its joint venture with Nissan Motor, Dongfeng Nissan, would set up a new plant in Guangzhou, the capital of South China's Guangdong Province, Reuters reported. The new plant, which will cost RMB 5 billion and...
Metro Cash & Carry, the self-service wholesaling division of Germany's Metro AG, one of the world's leading retailing companies, plans to open four new wholesale stores in China this year, the China Daily reported. The new stores will be located in second- and third-tier cities in South China, namely Kunshan,...
Swiss investment bank UBS AG recently cut its shareholding in New World Development Co Ltd<0017> to 4.97% from the previous 5.11%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.HKEx said that UBS sold 5.77 million H-shares of the Chinese company on Jul. 2 for...
Sichuan Expressway Co Ltd<0107>, China鈥檚 leading road infrastructure operator, plans to float up to 500 million new shares in an initial public offering on the Shanghai Stock Exchange to raise as much as RMB 2 billion, according to the prospectus the toll road operator released on Monday.The company said China...
Anhui Expressway Company Ltd<600012><0995>, a China-based transportation infrastructure company, has hired The Bank of New York Mellon, a global leader in asset management and securities servicing, as the depositary bank for its American depositary receipt (ADR) program, sources reported....