Soho China profit jumps more than eight-fold
2010-03-12 10:03:20
Property developer Soho China Ltd said 2009 profit surged more than eight-fold, beating analysts' estimates.
Datang Telecom net profit up 26% in 2009
2010-03-12 09:59:20
Datang Telecom Technology Co, Ltd, a major developer of the Chinese TD-SCDMA 3G standard, Thursday said its net profit rose 25.91 percent to 57.47 million yuan ($8.41 million) in 2009 from the previous year.
Air China plans $950m share sale to cut debt
2010-03-12 09:49:38
Air China, the world's most valuable airline in terms of market capitalization, said it will raise about 6.5 billion yuan ($952.20 million) via an issue of new shares, becoming the second Chinese carrier to announce fundraising plans this week.
China Mobile buys 20% of Pudong Bank
2010-03-11 09:12:31
China's largest mobile phone service provider became a strategic investor in a mid-sized bank based in Shanghai after a multi-billion dollar stock purchasing deal on Wednesday.
COLI begins taking over Shell Electric
2010-03-10 16:22:13
China Overseas Land & Investment Ltd (COLI), a developer controlled by the country's construction ministry, will begin to take over appliance maker Shell Electric MFG (Holdings) Co on Wednesday, xinmin.com reported.
Xiangguang Copper may buy 15% stake in CuDeco
2010-03-10 09:34:51
Xiangguang Copper, a copper smelting unit of chicken supplier Shandong Fengxiang Group is planning to acquire a stake in Australian gold and copper miner CuDeco, to bolster its raw material supplies.
China Railway pays $60m for acquisition
2010-03-09 18:01:22
China Railway Group Ltd has wholly acquired China Railway Port Channel Engineering Co, Ltd for 409 million yuan ($60 million) from the latter's parent company, the China Railway Engineering Corporation.
Shuanghui's execs battle investors for benefits
2010-03-09 17:59:17
A dozen institutional investors defeated a proposal by the board of directors of Henan Shuanghui Investment & Development Co Ltd to waive the prior right of assignment, which enables the assignee to purchase shares of 10 companies at prices lower than the current market prices, National Business Daily reported Tuesday.
Moutai moves to double output
2010-03-09 17:44:01
China's leading liquor producer Kweichow Moutai reported an output of 23,000 tons of base liquor in 2009 thanks to its efforts to boost production, Lin Shusen, governor of Guizhou province, where the company is located, said Tuesday.
Little Swan's profits up 455% in 2009
2010-03-09 11:54:37
Wuxi Little Swan Co, Ltd, a major washing machine manufacturer in China, said its net profits surged 454.93 percent year-on-year to 222.18 million yuan ($32.54 million) in 2009, partly due to strong rural consumption.
China Eastern to open direct flight between Nanjing and Singapore
2010-03-09 11:47:57
China Eastern will start to operate a direct flight from east China's Nanjing, capital city of Jiangsu province, to Singapore on March 20.
China Southern plans $1.57b share placement
2010-03-09 10:26:45
China Southern Airlines Co, the country's largest carrier, said it planned to raise no more than 10.75 billion yuan ($1.57 billion) through private issue of Shanghai and Hong Kong-listed shares.