CMIA to invest in China agricultural businesses and industries through its US$150 million fund. Former bankers at Cargill Inc and HSBC Holdings are now running CMIA Capital Partners Pte.
Tags: China
China Controlled PICC to Prepare for IPO
PICC to offer IPO in both Shanghai and Hong Kong bourses. The state controlled insurance firm PICC Property and Casualty Co Ltd announced last Monday that is preparing for a planned right issue of shares in both Shanghai and Hong Kong bourses.
Danone Will Invest in China thru Mengniu
Danone to put up joint venture with Mengniu Dairy. Owner of renowned Evian water and Activia yogurt, Danone, will be spending approximately EUR325 million or US$417 million to put up a joint venture with Mengniu of China.
Two Chinese firms to be investigated by EU Trade Commission
Huawei and ZTE to be investigated by EU Trade Commission for anti-dumping and anti-subsidy violations.
SunTech Obtains Creditor Reprieve Again
Suntech was able to obtain another deferment as to the loan obligations that would fall due on May 15.
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Baidu acquires PPS online video operations to expand its market share. Baidu. com, the Beijing based Chinese language Internet web search portal announced that it was purchasing the online video operations of PPS for the price of US$370 million.
GM, in a letter obtained by the Wall Street Journal, said it would increase its capital funding in the US compared to China.
The European Commission receives subsidy complaint against China for illegal subsidies on solar glass sold in the EU market.
The neighbors at the Formosa Strait are now in agreement as to oil and gas explorations in Myanmar. Sinopec Group, the largest Asian oil refiner, had announced last Thursday that it had entered into an agreement to sell its 30% shareholdings in an oil and gas block located in Myanmar.
TPG Capital is undertaking the sale of UniTrust Finance and Leasing Corp. TPG Capital, the US private equity firm is selling off UniTrust Finance and Leasing Corp of China for US$800 million.
The iconic British car Aston Martin is growing in the car markets of China. The CEO of the iconic British sports car Aston Martin has announced a ten percent increase in global sales for 2012.
GM and its partners would be building new plants and increase production to five million cars a year.
Sinopec's bond sale is the largest debt sale in Asia outside of Japan. In a recent announcement, China Petroleum and Chemical Corporation has raised a total of US$3.
China interested in purchasing the ConocoPhillips share in the Kashagan oil field in Kazakhstan. China has indicated an interest in purchasing a stake in US oil company ConocoPhillips in a multinational consortium aiming to develop Kazakhstan's Kashagan oil field.
