Suning aims to turn LAOX profitable
2009-06-26 15:19:08
The Chinese appliance giant Suning Appliance Co said Thursday it will be able to turn the troubled Japanese electronics chain LAOX profitable after it became the biggest shareholder.
Wanglaoji in top list for first time
2009-06-26 08:15:52
Herbal drink brand Wanglaoji, which ranked nowhere in Hurun's brand value list last year, leaped to the 49th ranking this year thanks to its donation to the Sichuan earthquake victims last May.
SDIC Huajing 'super power' move okayed
2009-06-26 08:15:52
Shanghai-listed SDIC Huajing Power Holdings Co Ltd has got the nod to restructure its power generating assets to create a super power company.
Suning counters Gome with Laox deal
2009-06-25 07:51:30
Two days after Gome announced its fundraising plan, Suning Appliances yesterday signed an agreement with Laox to purchase a 27.36 percent stake in the struggling Japanese retailer.
Hebei Iron arms merger to challenge Baosteel
2009-06-25 07:51:30
The Hebei provincial government has grabbed the initiative to reform its steel industry to compete with the big boys, particularly Shanghai-based Baoshan Iron and Steel, or Baosteel.
7b-yuan injection into China Eastern given greenlight
2009-06-24 15:19:52
China Eastern Airlines Corp confirmed in a statement on Tuesday that regulators have approved its parent company China Eastern Air Holding's request to inject 7 billion yuan ($1.02 billion) into the airline.
East Star Airlines may have found a white knight
2009-06-24 08:08:32
With the bankruptcy deadline of July 3 fast approaching, cash strapped East Star Airlines filed a restructuring application in a local court at Wuhan on Monday, to stave off its forced liquidation. Sources said a little-known aviation material wholesaler Shanghai Yujie Industry Co may become its new strategic investor.
Lenovo set to launch gaming computers
2009-06-24 08:08:32
Computer maker Lenovo Group said yesterday that it plans to expand its presence in the gaming computer market by targeting serious gamers in an effort to push up sales.
Gome to raise HK$3.24b via bonds, shares
2009-06-23 08:01:22
Gome Electrical Appliances yesterday said it would raise no less than HK$3.24 billion by issuing convertible bonds to private equity firm Bain Capital LLC and also offer new shares that qualified shareholders including Bain Capital could subscribe to.
Jiangsu Rongsheng bags Oman order
2009-06-23 08:01:22
Jiangsu Rongsheng Heavy Industries Co, the country's biggest private shipbuilder, said it had won an order to build four vessels worth $484 million for a client in Oman, the biggest foreign order by a Chinese shipyard this year.
Suning likely to snap up 30% of Laox
2009-06-23 08:01:22
Japanese media said late last week that Japanese consumer electronics retailer Laox was in talks to sell a stake of around 30 percent to its Chinese counterpart Suning.
China Mobile moves to save energy
2009-06-22 10:10:17
China Mobile plans to cut electricity consumption per unit revenue by 40 percent before 2010 compared to the figure in 2005, which means the company will save up to 8 billion kWh and reduce CO2 emissions by 6.8 million tons in 2010.