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,...
Zhangjiagang Oriental Energy Co Ltd<002221>, a liquefied petroleum gas firm based in Zhangjiagang, Jiangsu Province, yesterday announced that it has agreed to purchase some core assets from a local LPG firm for RMB 117.47 million, sources reported.The Shenzhen-listed firm will first inject RMB 116 million into...
China Life Insurance Co Ltd<601628><2628><LFC>, the country's largest life insurance company, yesterday said that its unaudited premium income reached RMB 254.7 billion in the first ten months this year.The figure reflects a year-on-year decline of 3.81% compared with the RMB 264.8 billion it posted for...
Australian mining company Aquila Resources Ltd. announced Tuesday the cooperation agreement between Baoshan Iron & Steel Co., Ltd. (Baosteel), China's largest steelmaker, and Aquila has been approved by the Chinese government. The two companies signed a cooperative agreement for Baosteel to inves...
Tangshan Sanyou Chemical Industries Co<600409> on Tuesday announced that it will buy a 100% equity interest in Tangshan Sanyou Xingda Chemical Fiber Co Ltd, the Shanghai Securities News reported. Sanyou Chemical will issue 96.92 million shares to Sanyou Xingda's ultimate controller, Tangshan...
BYD Co Ltd<1211>, China's largest rechargeable battery maker, said that it will provide full support to Nokia's recall program of 14 million faulty phone chargers produced by BYD, sources reported.BYD may have to pay approximately RMB 100 million to absorb all related costs.Nokia previously said that it would...
Beijing Automotive Industry Holdings Co Ltd, one of the leading auto makers in China, recently launched a new energy auto subsidiary in Beijing, the official Xinhua News Agency reported.The new subsidiary, named Beijing New Energy Automotive Co, will be engaged in the research and development,...
Volkswagen AG, the world's third-largest auto maker, has sold more than 100,000 Skoda cars in China so far this year, exceeding the landmark for the first time and setting a new record in the world's largest auto market, sources reported.By the end of October, sales of Skoda cars jumped 93% year on year to hit...
Nasdaq-listed Perfect World Co Ltd<PWRD>, a Chinese online game developer and operator, on Monday announced its financial results for the quarter ended Sep. 30.The firm's net income attributable to shareholders grew 45% year on year to RMB 288.3 million in the third quarter, while its non-GAAP net profit...
Hefei Meiling Co Ltd<000521><200521>, a Chinese manufacturer of household appliances, plans to bid for air conditioner assets belonging to Sichuan Changhong Electric Co Ltd<600839> in order to consolidate the home appliance business, sources reported.Hefei Meiling said in a statement filed with...