Blackstone to buy into State-owned firm
2007-07-04 08:42:07
US private equity firm Blackstone will spend at least $200 million to buy a stake in Bluestar Group, a major State-owned supplier of chemicals and related services, according to a source close to the Chinese company.
Shenhua Energy to offer shares in Shanghai
2007-07-03 13:01:52
China Shenhua Energy Co said today that it plans to issue shares on the Shanghai Stock Exchange and to increase its holdings of parent company assets, according to The Associated Press.
Guangshen completes rail purchase
2007-07-03 13:10:43
Guangshen Railway Co has finalized the purchase of domestic rail assets for US$1.3 billion, underscoring strong interest in the fast-growing sector.
Eastern Air expects to return to profit
2007-07-03 13:05:29
China Eastern Airlines expects to return to the black in the first half of this year, helped by strong business growth and recently introduced accounting rules, its chairman said yesterday.
Western mining seeks US$814m in IPO
2007-07-02 12:48:49
China's Western Mining Co, a producer of zinc, nickel and copper, is seeking as much as 6.2 billion yuan in a Shanghai initial public offering to expand production and buy stakes in other mines, Bloomberg said today.
Sinopec, SK sign initial accord on $1.9b ethylene plant
2007-07-02 12:28:24
China Petroleum & Chemical Corp has signed an initial accord with South Korea's SK Corp to jointly build an ethylene plant in Wuhan.
PetroChina to import more for refining
2007-07-02 08:36:22
China's top oil producer PetroChina will import some 40 percent of the crude oil it processes in 2007, up from last year’s 30 percent, a company official said Saturday.
China Eastern to sell stake to Singapore Air
2007-06-29 13:42:14
China Eastern Airlines Co won preliminary government approval to sell a stake to Singapore Airlines Ltd.
Jinan Steel may double first-half profit
2007-06-29 13:36:27
Jinan Iron & Steel Co said in a statement that first-half profit may double because of higher prices and lower costs.
CIMC bought stakes of a foreign company
2007-06-29 13:34:29
CIMC, the world's largest maker of freight containers, said it bought a majority stake in Netherlands-based Burg Industries BV, to further expansion and extend product range.
Chinese aircraft producer prepares for overseas public offering
2007-06-29 09:04:17
China's AVIC I Commercial Aircraft Co Ltd is raising funds from overseas investment banks and business partners to prepare for a future public offering abroad.
Fujian Expressway planning highway expansion
2007-06-29 08:31:29
Fujian Expressway Development Co said yesterday it is planning to spend 14.1 billion yuan to expand two highways because of surging traffic in Fujian.