The management team of Chinese automaker Geely Holding Group will meet with Ford and Volvo executives, Volvo unions and Swedish government officials in Sweden this week in its bid for Volvo, a Europe-based spokesman for Geely said. Geely Chairman Li Shufu will attend the meeting to discuss the co...
Yurun Group, parent firm of China Yurun Food Group Ltd<1068>, earlier this week signed a strategic cooperative agreement with the Jiangsu branch of Agricultural Bank of China Ltd, a move which will help two firms develop all-round cooperation, sources reported.Under the terms of the agreement, ABC will...
Baoding Tianwei Baobian Electric Co<600550>, which is principally engaged in the manufacture and sale of transformers, yesterday announced that a subsidiary, Baoding Tianwei Wind Power Technology Co Ltd, has inked a contract to supply 26 wind turbines with a capacity of 1.5 megawatts each to CBD Energy in...
Weifang Yaxing Chemical Co Ltd<600319> recently announced that it will acquire chemical assets from a local chemical maker in Weifang, a key city in Shandong Province, sources reported. Yaxing Chemical will spend RMB 160.53 million to acquire equipment that can produce 12,000 tons of the blowing agent ADC per year....
The Capital Group Companies Inc, one of the world's largest investment management organizations, has raised its shareholding in China Railway Construction Corp Ltd <601186><1186>, the second largest state-owned construction company in the country, sources reported....
By Xu Shenglan Some Internet shopkeepers on taobao.com said they felt vulnerable to professional blackmailers who threaten sellers with bad ratings if they do not refund money for purchases and pay "compensation." Consumers on taobao can give feedback ratings and comments on merchandise they rec...
Hong Leong Group has received approaches about its 90 percent stake in Xinfei, China's No.3 refrigerator maker by market share, the company said on Wednesday. "The company wishes to inform shareholders that it has from time to time received enquiries from third parties who have expressed interest...
China Construction Bank is interested in tapping the Taiwan market, through either acquisitions or the establishment of its own branches, its chairman Guo Shuqing said, disclosing no specific plans. He added that he wanted to know more details about the memorandum of understanding (MOU) signed Mo...
Central Huijin Investment Co, a wholly-owned subsidiary of China's sovereign wealth fund, will soon take over a 38.8% stake in New China Life Insurance Co from China's insurance protection fund, according to sources familiar with the matter.The sources said that Central Huijin will pay RMB 4 billion to buy 460...
China National Chemicals Import and Export Corp, also known as Sinochem, the country's leading chemicals trader, plans to issue US$500 million worth of U.S. dollar-denominated bonds with a maturity of five years on the interbank market by the end of November, the Wall Street Journal reported yesterday,...