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| 1、Ministry of Commerce approved capital increase of foreign invested companies on Nov 23 [2006-11-23] |
On Nov 23, the Ministry of Commerce approved capital increase of two foreign invested companies – China Resources (Xuzhou) Electric Power Co., Ltd. and Xinhua Aviation Holdings Co., Ltd.......More
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| 2、Citi Consortium to hold controlling stake in GDB [2006-11-23] |
The consortium headed by US Citigroup last week entered into agreement with Guangdong Development Bank to hold controlling shares in the latter. Under the agreement, the Citi consortium will pay USD3.1 billion in total to purchase 85.6% of GDB shares. France’s Soécité Général SA dropped out of the bid earlier ......More
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| 3、Fortune 500 company 3M builds largest production and R&D base in Shanghai [2006-11-23] |
It is reported Fortune 500 company 3M recently broke ground for its Caohejing production base expansion project. Upon completion this production base will become 3M’s biggest production and R&D base in China, also an important platform for 3M to implement its “Created in China” strategy. The project’s investment in construction and equipment is close to USD40 million. It is expected to complete and start operation in July next year ......More
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| 4、China to become Audi’s second largest sales market [2006-11-23] |
According to Germany’s Business Journal, with Audi’s drastic sales growth in China in recent years, China will become Audi’s second largest sales market. Audi’s president Winterkorn said that Audi would keep its growth momentum in China. Though Audi sold 83,066 cars in the U.S. while only 58,878 cars in China in 2005 ......More
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| 5、USD4 billion of investment by Anglo American will be made in China [2006-11-23] |
Recently Anglo American Corporation has put forward a feasibility study report and the amount of its mining and processing project of coal natural resources in Shaanxi Province, China will reach USD4 billion ......More
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| 6、USD1.2billion of investment by Foxconn will be made for the establishment of a new mobile plant in China [2006-11-23] |
Foxconn International under Taiwan Foxconn Group is planning an investment of USD1.2billion for the establishment of a new mobile plant in mainland China to expand her market share in mainland China ......More
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| 7、New foreign invested enterprises and enterprises with capital increase approved by Ministry of Commerce on Nov 22 [2006-11-22] |
New foreign invested enterprises and enterprises with capital increase approved by Ministry of Commerce on Nov 22 include Tianjin Port Pacific International Container Terminals Co., Ltd., Henkel (China) Investment Co., Ltd., Shanghai GM Dongyue Powertrain Components Co., and Shenzhen Forward Singapore International Transportation Co., Ltd. The companies reportedly specialize in cargo transportation port service, other unlisted commercial service, automotive parts and components manufacturing and forwarding service ......More
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| 8、Carlyle invests USD20 million in a Sichuan company [2006-11-22] |
| One of the world’s largest private equity investors Carlyle Group makes its first investment in a Sichuan company. Sichuan Time Share Advertising & Communication Co., Ltd. today entered into investment agreement with Carlyle Group in Beijing. Carlyle will invest USD20 million in Time Share. However details of the agreement are not disclosed by both sides ......More |
