Huawei Technologies Co Ltd, a major telecom equipment vendor in China, has set up two major training centers and a research and development center in Indonesia, the official Xinhua News Agency reported, citing a senior company official as saying.1,500 Indonesian telecom technicians are expected to graduate...
NYSE Euronext, the parent of the New York Stock Exchange, is seeking to become one of the first foreign companies list on the international board of the Shanghai Stock Exchange, said Ronald Kent, executive vice president and head of international listings, sources reported Wednesday.Kent said that NYSE...
Dongfang Electric Corp Ltd<600875><1072>, the country's top power equipment maker, Monday obtained approval from the China Securities Regulatory Commission to issue up to 145 million new A shares to not more than ten specific investors. The company said in a statement filed with the Shanghai Stock Exchange...
China Investment Corp, the country's US$300-billion sovereign wealth fund, has agreed to acquire a 15% stake in U.S.-based AES Corp, one of the world's largest power companies, said AES on Friday.New York-listed AES said that CIC will spend US$1.58 billion to buy 125.5 million shares of the U.S. company at...
Chinese coal mining equipment maker Sany Heavy Equipment International Holdings Co plans to raise US$300 million via an initial public offering on the Hong Kong Stock Exchange, sources reported. The company, which kicked off IPO premarketing on Monday, plans to sell 500 million new shares, or 25% of...
Beijing Polybona Film Distribution Co, the third-largest movie studio in China, plans to list on the New York Stock Exchange in the second half of next year or the first half of 2011, a company executive said on Tuesday, the China Daily reported.Polybona's CEO Yu Dong said the entertainment stocks are common in...
Chinese economy hotel chain 7 Days Group Holdings aims to raise up to US$100 million via an initial public offering in the New York Stock Exchange, sources reported.The company filed to the U.S. Securities and Exchange Commission on Monday for listing on the NYSE under the symbol SVN.Proceeds from the...
New York-headquartered financial services provider Morgan Stanley has re-launched its stake sale in China International Capital Corp, the largest investment bank in China, sources reported.The U.S. company expects to gain more than US$1 billion from the sale of a 34.3% stake in CICC. The deal will...
Twenty-eight companies debuted on ChiNext, China's new growth enterprise board, in Shenzhen today after they raised a combined RMB 15 billion from their respective IPOs since the last week of September 2009.All the 28 stocks opened higher than their IPO prices. The top five companies, which surged by more...
LL Bean, Inc, a U.S.-based retailer of outdoor gear and apparel, aims to have 40 stores in China by the end of this year, after entering the Chinese market last year, the Shanghai Daily reported.The company plans to open 20 new stores in the country within this year and will increase the number to 80 next year. In...