Gome sues ex-chairman Huang Guangyu
2010-08-06 09:07:24
HK-listed Chinese electronics retailer Gome Electrical Appliances said it filed a writ of summons against former chairman Huang Guangyu at HK's High Court on Thursday for Huang's alleged breach of fiduciary duties in early 2008 as a former board director.
Chinese company bids for Aussie football club
2010-08-05 15:41:47
A Chinese overseas investment company has been funding a bid to buy Australia's Liverpool Football Club, Australia's media reported on Thursday.
Dagong Global rebuts S&P's accusation of populism
2010-08-05 10:33:24
The head of China's largest domestic rating agency denied criticism by its western counterparts of practicing populism, while reaffirming the agency's principals of independence, objectivity and fairness.
Violinmaker fine tuning future
2010-08-05 10:01:22
Taixing Fengling Musical Instruments Co Ltd, one of the world's largest violin producers, is fine-tuning its expansion and succession plans. Company Chairman Li Shu is currently mulling three different possibilities including an IPO, a stake sale, or entering into some kind of merger and acquisition, said Li Shu.
Chinalco steps up drive for rare earths
2010-08-05 09:39:31
Aluminum Corp of China (Chinalco), China's largest aluminum producer, is eyeing rare earth mines in Guangxi Zhuang autonomous region to bolster reserves, sources familiar with the matter said on Wednesday.
Li Ka-Shing's Cheung Kong may report profit fall
2010-08-04 16:42:44
Cheung Kong (Holdings) Ltd, Hong Kong billionaire Li Ka-shing’s flagship builder, will probably post a decline in first-half profit before revaluations as it earned less from apartment sales and unit Hutchison Whampoa Ltd.
Huayi to build chain of 50 movie theaters
2010-08-04 14:20:24
Huayi Brothers Media Corp, the first movie studio publicly traded in China, plans to invest 1 billion yuan ($148 million) building a nationwide chain of movie theaters, President James Wang said.
Baotou Steel keen on cornering rare earth market
2010-08-04 14:18:54
Inner Mongolia's Baotou Steel Rare-Earth (Group) Hi-Tech Co, the major producer of the minerals in the north, has planned to expand its presence in the south by investing 232.4 million yuan ($34.3 million) in three local rare earths firms in Jiangxi province's Ganzhou.
Zhujiang Brewery listing to aid firm's expansion
2010-08-04 14:06:46
Guangzhou Zhujiang Brewery, which is 24 percent-owned by Anheuser-Bush InBev, launches its initial public offering (IPO) on Wednesday, in which it is expected to raise up to 406 million yuan ($59.93 million) to support the company's nationwide expansion.
Huawei said to lose out on US assets despite higher offers
2010-08-03 09:51:38
Huawei Technologies Co failed to reach agreements to buy two US assets last month, even though the Chinese phone-equipment maker offered at least $100 million more in each case, according to two people with knowledge of the matter.
New joint venture for Beijing Vantone and TCL
2010-08-02 15:03:32
Beijing Vantone Industrial has signed a framework agreement with the country’s leading appliance and television maker TCL Corp to explore the industrial property sector in a joint venture.
TCL raises $664m in private placement
2010-08-02 10:49:58
Chinese appliance and television maker TCL Corp raised 4.5 billion yuan ($664 million) in a private placement of shares last month, the firm said in a stock exchange filing on Monday.