Satellite phone business launched
2012-12-19 16:14:19
A new business focusing on mobile satellite phones has been jointly launched by China Mobile Satellite Communication Group Ltd, China Telecom Satellite Communications Co Ltd and Thuraya Telecommunications Co.
CIC injects $3.21b into CECIC
2012-12-19 16:11:55
China Export & Credit Insurance Corporation had received a 20 billion yuan capital injection through Central Huijin Investment Ltd.
LG may withdraw mobile business
2012-12-19 15:34:15
LG Electronics plans to withdraw its mobile communication business from China next year, a source near to the issue told China Securities Journal on Wednesday.
Marine fuel company receives delisting warnings
2012-12-19 14:46:14
Andatee China Marine Fuel Services Corp said that it had received delisting warnings from Nasdaq after it failed to meet requirements in terms of share price and market value.
Yili to produce milk powder in New Zealand
2012-12-19 11:49:45
Inner Mongolia Yili Industrial Group Co Ltd announced plans on Tuesday to produce 47,000 tons of baby milk powder annually in New Zealand.
Daimler uses JV to merge sales activities
2012-12-19 11:47:04
Daimler AG has created a 50-50 joint venture with BAIC Group, to integrate all its sales activities for imported and locally produced cars.
Sinopec takes big dip into oil industry in North Sea
2012-12-19 10:47:23
China Petrochemical Corp, or Sinopec Group, said on Tuesday it had acquired a 49 percent stake in the UK subsidiary of the Canada-based Talisman Energy Inc for $1.5 billion, marking the first direct investment by a Chinese company in the North Sea.
CNPC's overseas oil, gas output remains high
2012-12-19 09:49:10
CNPC said Tuesday that its overseas projects produced 86.21 million tons of crude oil and 17.5 billion cubic meters of natural gas as of Dec 17.
Midea Group restructures assets for possible listing
2012-12-18 16:59:31
Midea Group, a major home appliance maker, is restructuring assets worth over 90 billion yuan ($14.4 billion), according to a statement by Guangdong Midea Electric Appliances Co Ltd, a listed company largely owned by the Midea Group.
China-built power plant operational in Saudi Arabia
2012-12-18 16:55:57
An oil-fired power plant in Saudi Arabia built by Power Construction Corporation of China, or Sinohydro, went into operation on Friday.
Bright Dairy raises prices
2012-12-18 16:51:37
Chinese dairy producer, Bright Dairy & Food Co Ltd, will increase prices of their dairy products because of rising raw material costs.
Lifan eyes new assembly plant in Ethiopia
2012-12-18 14:20:49
Lifan Industry Group Co, a Chinese automaker, plans to spend $3.5 million moving into a new vehicle-assembly plant in Ethiopia next year.