Chongqing Yukaifa Co Ltd<000514>, a property developer, today announced that it will use RMB 120 million to subscribe about 30 million new shares of Chongqing International Trust Co Ltd in exchange for a stake of between 1.5% and 1.73%, sources reported.The trust company, which was set up in 1984 and...
Time Warner Inc, the world's largest entertainment conglomerate, aims to expand its presence in China, a senior company executive said on Friday, China Daily reported.The remarks were made after the government announced a new plan to lower the market access threshold for the entry of private and...
China Southern Airlines Ltd<600029><1055><ZNH>, the country's largest airline by fleet size, plans to launch more flights on the newly-opened Dhaka-Guangzhou route, according to a company source, the official Xinhua News Agency reported.From Oct. 11, the carrier plans to run three weekly flights between...
U.K.-based pharmaceutical company GlaxoSmithKline has signed an agreement to set up a joint venture with Chinese vaccine maker Jiangsu Walvax Biotech Co, sources reported on Tuesday. The joint venture will produce vaccines for children at a new facility to be built by GSK. GSK will initially invest US$32 million...
Fabulous Group, a privately owned real estate developer in Taiwan, is planning to raise its capital by 30% to NT$1.5 billion in 2010, sources reported, citing company executives as saying. The company is optimistic about the new urban renewal projects in Taipei City and will aggressively participate in the...
Las Vegas-based casino operator Wynn Resorts Ltd has spent seven months planning a new project in Macau's Cotai area, and expects to take the next step as early as next spring, the Wall Street Journal reported, citing Steve Wynn, chairman and president of the Nasdaq-listed company, as saying.Media...
Li Zihao, general manager of Mudan Automobile Shares Co Ltd<8188>, on Sep. 21 raised his shareholding in the company to 11.38% from the previous 8.18%, according to the bourse operator Hong Kong Exchanges and Clearing<0388>.HKEx said that Li, who is also chairman of Chengdu New Land...
Airbus SAS, the world's largest commercial plane maker, is strengthening cooperation with the Chinese aviation industry, said Laurence Barron, president of Airbus China, the official Xinhua News Agency reported.The company will expand cooperation with Chinese aircraft enterprises in many aspects,...
The National Energy Administration on Wednesday approved Northwest China Grid Company Limited to conduct preliminary work for eight power transmission projects, the official Xinhua News Agency reported. The eight 750 kV power transmission projects, to be located in Northeast China's Shaanxi Province,...
Air China Cargo Co Ltd, an all-cargo subsidiary of Air China Ltd<601111><0753>, officially launched its first air cargo service between China and Europe on Wednesday, the official Xinhua News Agency reported. The company currently uses a Boeing 747 freighter on the route from Shanghai to Milan, Italy, via Beijing...