Datang International Power Generation Co Ltd<601991><0991>, China's second-largest publicly traded electricity producer, on Tuesday announced that it has raised its on-grid power rates by 1.3% or RMB 4.34 per megawatt hour.The power producer said in a statement filed with the Shanghai Stock Exchange that...
Beijing Automotive Industry Holdings Co Ltd, one of the leading auto makers in China, said that it will prudently re-evaluate its deal with General Motors Co for the Saab AB brand, Dow Jones Newswires reported.The statement came after BAIC's co-bidder, Swedish car manufacturer Koennigsegg Group,...
Sinosteel Corp, China's largest iron ore trade, has no specific target in the planned industry restructuring, said Zhu Kejie, the company spokesman, in an interview. The remarks were made in response to market rumor that Sinosteel is in talks with Anyang Iron & Steel Group Co<600569> on a possible takeover....
Hunan Huatian Great Hotel Co Ltd<000428> said on Wednesday that it has canceled a bond issue plan due to the current market conditions. Instead, Huatian's wholly-owned subsidiary, Hunan International Financial Mansion Co Ltd, will apply to China Everbright Bank for a loan totaling RMB 400 million, as the...
China's Beijing Automotive Industry Holding (BAIC) has confirmed it is to "reassess" the options to buy the General Motors (GM)'s Swedish unit Saab after its partner Koenigsegg backed out of the bid Wednesday, hinting at the looming "death knell," Swedish media said. "It has always been an import...
Shanghai Electric Power Co Ltd<600021>, the biggest power producer in the city, announced today that it plans to buy a stake of about 2.45% in Fuzhou City Commercial Bank from China Power Investment Corp. The company said in a statement filed with the Shanghai Stock Exchange that it will spend RMB 120...
Beijing-based China Guodian Corp, the parent of GD Power Development Co<600795>, on Wednesday announced that it will float RMB 3.9 billion in 365-day short-term bills on the interbank market on Nov. 30. The company said in a statement that this batch of bills will be issued at face value and that the coupon...
Shandong Chenming Paper Holdings Ltd<000488><200488><1812>, which is a leading paper producer and has more than ten subsidiaries in China, on Monday announced that it plans to issue RMB 1.2 billion in three-year notes on the interbank market, sources reported.The medium-term notes will be issued at...
TPV Technology Ltd<0903>, a leading manufacturer of computer monitors and flat panel TVs in China, said yesterday that its net profit in the third quarter of this year was US$39.50 million.The figure reflects 26% growth compared with the US$31.35 million recorded in the same period of last year, due to a...
Guangzhou Automobile Group Co Ltd, the Chinese partner of Honda Motor and Toyota Motor, will accelerate its group listing plan and kick off a new round of strategic development, Zeng Qinghong, general manger of the company, said on Monday, sources reported.Zeng told media at the Guangzhou...