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Solar gets a lift but HSI searches for direction

... wer Co, a unit of bankrupt Suntech Power Holdings (STP.US), for 3 billion yuan (US$492 million). Its shares rose close to 40 percent during the day but ended the session up 19.3 percent. The deal heat ...More

EJ Insight2013-11-04

Blackstone buys 40% stake in Shenzhen’s SCP, paper says

The Blackstone Group L.P.’s property unit has bought a 40 percent stake in SZITIC Commercial Property (GROUP) Co. Ltd. (SCP) for more than US$4 million yuan, Financial Times reported Monday, citing pe ...More

EJ Insight2013-11-04

Alibaba unit to give 40% stake to staff, statement says

Alibaba Small and Micro Financial Services Group, the micro lending unit of e-commerce giant Alibaba Group Holding Ltd., will distribute a 40 percent stake to 23,810 employees of both companies throug ...More

EJ Insight2013-11-01

ASM Micro workers protest over redundancy packages, SCMP says

... e firm, a unit of Hong Kong-listed ASM Pacific Technology, is involved in making machines and tools used in the semiconductor industry.  -- Contact HKEJ [email protected] SK/RC   ...More

EJ Insight2013-11-01

Haier's Japan unit to sell super-sized refrigerators, Kyodo says

Osaka-based Haier AQUA Sales Co. Ltd., the Japanese unit of appliance maker Haier Group (01169.HK, 600690.CN), said on Thursday it will start selling super-sized refrigerators under the AQUA brand fro ...More

EJ Insight2013-11-01

Qunxing Paper warns of earnings plunge, paper says

...  Shandong unit were visited by strangers who asked them about the orders they had placed. As a result, many of the clients had given notice that they would not place orders after the third quarter, th ...More

EJ Insight2013-11-01

Police arrest suspect in airline bomb threats, Bloomberg says

... 00029.CN) unit Xiamen Airlines Co. Ltd. and Sichuan Airlines Co. Ltd. each delayed a flight, officials from the companies were quoted as saying. China Southern also diverted a flight, a media official ...More

EJ Insight2013-11-01

Taiwan's Chinatrust to acquire Tokyo Star Bank, Kyodo says

Tokyo Star Bank said Thursday that its shareholders in the United States have agreed to sell all of the shares they own, amounting to 98.16 percent of the bank's total equity, to Taiwan's Chinatrust C ...More

EJ Insight2013-11-01

Hon Hai telecom unit seeks strategic partners, report says

Terry Guo, chairman of Taiwan's Hon Hai Precision Industry Co. Ltd., said Thursday that the group's telecom subsidiary Ambit Microsystems Corp. is seeking strategic partners after winning a 4G telecom ...More

EJ Insight2013-11-01

Alibaba unit extends 20.8 bln yuan of loans in 3Q

Alibaba's micro lending unit extended 20.8 billion yuan (US$3.4 billion) of loans to about 303,000 small and microcompanies in the third quarter, news portal China.com.cn reported Thursday. Shanghai, ...More

EJ Insight2013-10-31

BOE Tech may invest in Bank of Chongqing IPO, filing says

... Hong Kong unit of BOE, according to the filing. Bank of Chongqing is expected to set its IPO price on Thursday, according to a Yicai.com report. -- Contact HKEJ [email protected] TL/AC/RC   ...More

EJ Insight2013-10-30

May take 2-3 years to get Korea unit into shape, StanChart says

Standard Chartered Plc. (02888.HK) believes it will take two to three years to get its South Korea business "into shape," group finance director Richard Meddings told a media teleconference on Tuesday ...More

EJ Insight2013-10-29

Europe sees 163% rise in RMB customer payments, SWIFT says

... dely used unit for global payment. Yuan-denominated payments expanded 4.6 percent in terms of value last month, well above the 1.2 percent growth for all payments currencies, according to Belgium-base ...More

EJ Insight2013-10-29

Taiwan Cement China unit profit seen surging in 4Q, paper says

The mainland operations Taiwan Cement Corp. (TCC), the parent of TCC International Holdings Ltd. (01136.HK), are expected to report a net profit of 330 million yuan (US$54.23 million) for the third qu ...More

EJ Insight2013-10-29

Property firms see new market in nursing homes, WSJ says

... s Cascade unit had also joined forces with Shanghai Shengyuan Development Co. for a facility in Shanghai's Xuhui district and it is planning another one with the same local partner in the city's Pudon ...More

EJ Insight2013-10-29

Taiwan clears Xiaomi proposal with conditions, paper says

Chinese mobile phone maker Beijing Xiaomi Technology Co. has been given the nod Monday by Taiwan's Ministry of Economic affairs to set up a unit on the island for sales and maintenance business of its ...More

EJ Insight2013-10-29

Sinopec taps into shale gas from test wells, paper says

...  Jianghan unit has more than doubled its 2015 output target for the key shale area of Fuling in the southwestern region after successful pilot drilling, hoping to cut costs through measures such as dr ...More

EJ Insight2013-10-29

Realty sector rolling in dough as Shanghai FTZ craze catches on

The unit price of a nondescript office building in Waigaoqiao {外高橋}, Shanghai’s faraway suburban district that is close to virtually nothing but some container berths, can skyrocket almost threefold w ...More

EJ Insight2013-10-29

Tianjin shuts, halts 440 heavy polluters, Xinhua says

... sions per unit of output in key industries, including thermal power and cement, to fall 30 percent by 2017 from levels seen in 2012, the report said. The energy used per unit of output is also expecte ...More

EJ Insight2013-10-28

Xiaomi seeks to set up sales unit in Taiwan, paper says

Chinese mobile phone maker Beijing Xiaomi Technology Co. has submitted an application to Taiwan's Ministry of Economic affairs for permission to set up a phone wholesale and retail unit on the island, ...More

EJ Insight2013-10-28

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