A Guangxi-based subsidiary of Guizhou Changzheng Electric Co Ltd<600112> has signed a sales agreement with Avantis Energy, a company registered in Hong Kong, according to the statement of Changzheng Electric on Friday.Avantis Energy will pay the mainland firm EUR180 million for 80 2,500-kW...
City Telecom (H.K.) Ltd<1137><CTEL>, one of Hong Kong's largest fixed-line carriers, has reported that its net profit soared 70% year on year to HK$212.83 million in the fiscal year ended Aug. 31, 2009.Basic earnings per share were 32.4 Hong Kong cents, up 64.47% compared with the 19.7 Hong Kong cents...
The People's Bank of China issued RMB 55 billion in three-month bills in the regular open-market operations yesterday, according to a statement published on the PBOC's website.The bank also issued RMB 20 billion in 91-day repurchase agreements with a coupon rate of 1.33% in the regular open-market...
Hunan Genuine New Material Group Co Ltd<000156>, a firm engaged in the development of aluminum and plastic products, on Wednesday announced that it plans to sell an investment firm based in Hunan Province to repay bank loans and to become the sole owner of Tianrun Land Group by issuing new...
China Mobile Ltd<0941><CHL>, the country's largest mobile phone operator, has begun preparing for a possible listing on the planned international board of the Shanghai Stock Exchange, Chairman Wang Jianzhou said on Wednesday.Wang said at an industry forum in Hong Kong that the company is selecting...
On Oct. 30, after 10 years of preparation, China launched ChiNext, a new secondary board in Shenzhen, one of China's key economic cities and home to China's first economic zone. The Nasdaq-style board aims to nurture small and medium-sized growth companies in the country and provide them new financing...
Shenzhen-based Tianma Microelectronics Co Ltd<000050> recently bought a 5th-generation LCD production line from Shanghai SVA NEC Liquid Crystal Display Co Ltd through the former's controller, CATIC Shenzhen Co Ltd, sources reported....
NetEase.com Inc., one of China's leading Internet and online game services providers, announced Wednesday that its total revenue reached 879.4 million yuan, up 8 percent from 800 million yuan a year ago. According to the quarterly report released Wednesday, NetEase's third-quarter revenue from o...
Tontine Wines<0389>, which is based in Ji'an, Jilin Province, debuted on the Hong Kong Stock Exchange today and saw its shares surge 18.4% on its first day of trading. Shares of the company started trading at HK$1.59, a price higher than the IPO price of HK$1.25. They surged 25.6% after the opening and climbed...
Nasdaq-listed NetEase.com Inc<NTES>, which operates one of China's leading web portals, on Wednesday announced that its net profit in the third quarter of this year was RMB 393.8 million, compared with RMB 313.3 million in the third quarter of last year and RMB 468.1 million in the second quarter this...