Airbus SAS, the world's largest commercial plane maker, plans to set up a new logistics center in China to coordinate its growing businesses in the country, Airbus China Ltd President Laurence Barron said on Tuesday, the Wall Street Journal reported. The company plans to set up the logistics center in Tianjin, a...
TNT N.V., a world-leading provider of express delivery services, Friday announced that it has chosen Hong Kong to be its fourth hub in Asia, the official Xinhua News Agency reported. The company selected Hong Kong because the city is a free trade hub offering expertise and infrastructure, and because it is near the...
Genzyme Corp, a U.S.-based biotechnology company, over the weekend held a ground-breaking ceremony for a research and development center in Zhongguancun Life Science Park, Beijing, sources reported. The new 200,000-square foot R&D and manufacturing complex, which is expected to be...
Angang Steel Company Ltd<000898><0347>, one of China's top three steel producers, announced Friday that it has obtained approval from shareholders to issue up to 217.2 million H shares via a private placement. The proceeds from the H-share issuance will be used to supplement the firm's working...
HNA Group, the parent of Hainan Airlines Co Ltd<600221><900945>, the fourth-largest airline in China, on Saturday denied reports that the firm planned to set up headquarters on a piece of land in Pudong New Area, Shanghai that it acquired for RMB 1.82 billion on Sep. 17, sources reported.On the site, HNA will...
The first real estate investment trust in mainland China is expected to be launched by the end of this year, the Shanghai Securities News reported on Thursday. Four Chinese companies, namely Shanghai Zhangjiang Hi-Tech Park Development Co<600895>, Shanghai Jinqiao Export Processing Zone...
Hong Kong-listed Far East Consortium International Ltd<0035>, an investment holding company engaged in property development, hotel operations and loan financing, has acquired a piece of land at New Bridge Road, Singapore for S$67.7 million, sources reported.The land covers an area of 4,482 square meters...
After launching the Florid CVT, the Great Wall Motor Company Limited is planning to release the Coolbear CVT model in November. It will be the second vehicle featuring CVT transmission launched by Great Wall Motor. The new model will have a 1.5L GW4G15 VVT engine, with a maximum of 77kW power and...
AVIC Commercial Aircraft Engine Co Ltd, a unit of state-owned Aviation Industry Corp of China, will introduce the first home-made jet engine in 2016, a company official said on Wednesday, the official Xinhua News Agency reported.The company will apply for an airworthiness certificate for the engine in...
The world's largest steelmaker, ArcelorMittal, and Chinese steelmaker Hunan Valin Steel Co Ltd<000932> plan to cut their planned investment in their new Chinese joint venture to RMB 4.5 billion, sources reported. The two companies have decreased the estimated cost of the JV by RMB 500 million and reduced its...