Chinese thin film solar company Trony Solar Holdings Co Ltd plans to raise as much as US$241.5 million from an initial public offering on the New York Stock Exchange, sources reported.The company, which will debut on the bourse under the token "TRO," plans to sell 15 million American depositary shares at prices...
Sinopec Group plans to spend US$220 million on the construction of a refining base in Primorsky Region, an eastern area in Russia, sources reported.OAO Rosneft, a Russian oil giant, is considering investing the refining project.The refining base, which will comprise a refinery, a power station, a wharf and some...
51job Inc<JOBS>, a leading provider of integrated human resource services in China, said yesterday that its unaudited net profit reached RMB 35.9 million in the third quarter of this year.The figure reflects 27% growth compared with the RMB 28.3 million recorded in the same period of last year.The company's...
Cheng Shin Rubber Industry Co, a Taiwan-based tire maker, announced on Monday that it will spend NT$12 billion to set up a new tire manufacturing plant in Taiwan, sources reported.The new plant, scheduled to commence construction in June 2010, will initially produce 14,000 passenger car tires per...
China Longyuan Power Group Corp, the largest wind power project developer in Asia, plans to raise as much as HK$17.5 billion from an initial public offering on the Hong Kong Stock Exchange, sources reported.The company, which kicked off pre-marketing yesterday, plans to sell 2.14 billion new shares at...
China Mobile<0941><CHL> has become the first mobile operator to sell Dell's Mini 3i smartphones based on the Chinese carrier's new OPhone and Mobile Market platforms, sources reported.The 3.5-inch touch screen smartphone will be sold at prices below RMB 4,000 by the end of this month. With quadband...
Hong Kong business tycoon Li Ka-shing, chairman of Cheung Kong (Holdings) Ltd<0001>, has raised his stake in Cheung Kong to 40.66% from the previous 40.61%, according to a statement the property developer filed with the Hong Kong Stock Exchange.Data from the bourse operator showed that Li bought...
Baosteel Group, the parent of China's largest steelmaker, Baoshan Iron and Steel Co<600019>, yesterday announced that it has completed the acquisition of a 15% stake in Australian miner Aquila Resources Ltd, sources reported.Baosteel said in a statement posted on its website that it bought 43.95 million shares of...
China Forestry Equity Exchange, a trading platform of forestry rights and resources in the country, was set up in Beijing on Monday, the Shanghai Securities News reported. The state-owned exchange, with a registered capital of RMB 100 million, is part of the Chinese government's effort to facilitate the sustainable...
Hong Kong-listed investment holding company China Resources Enterprise Ltd<0291> last week announced that its net profit in the third quarter of this year rose 55.4% from a year earlier to HK$1.04 billion, fuelled by revaluation gains on investment properties and major disposals. The company said in a...