Guilin Sanjin First to Win A-share IPO Approval in Nine Months
Guilin Sanjin will launch a road show in Beijng, Shanghai and Shenzhen between June 22 and June 24, and bids for the new shares will begin on June 29.
Rio Tinto's Chief Disappointed, Defensive
Targeted by Chinese critics, Rio Tinto CEO Tom Albanese spoke with Caijing about the failed Chinalco deal and the BHP tie-up.
China Cosco to Book Profit in H2- Chairman
Cosco chairman Wei Jiafu said that the Baltic Dry Index will continue its upswing in the second half this year.
Industrial Policy Jolts Neo-Liberal Dreamers
As neo-liberalism crumbles in the financial crisis, governments are waking up to the value of old-fashioned industrial policy.
Chinalco Undecided on Rio Tinto Rights Issue
Chinalco has registered with Rio Tinto for possible participation in the issue, though it hasn't yet decided to buy.
Lumena Closes up 19% on Hong Kong Debut
Lumena produces around 1.6 million tons of mirabilite annually, 11.3 percent of the world's supply and 23.2 percent of China's.
Gome Hatches Plan to Raise HK$ 3 Billion
New shares and a private equity bond deal could revive appliance retailer Gome, although its jailed founder still wields clout.
China Early June Power Output Drop Narrows from May
With steel and alumina production increasing, falls in the country's power output are likely to narrow and may even rise in the second half, analyst said.
Vale Hopes to Conclude Iron Ore Price Talks with China
Vale said it will not abandon negotiations with Chinese steel mills, but it will not be the first to complete talks with China.
Hisense Kelon to Compensate Shareholders 14.5 Mln Yuan for Accounting Fraud
In 2006, Kelon was fined 600,000 yuan by the securities regulator for fraudulent accounting.
Shenzhen Plans Subsidy for Hybrid Car
The municipal government is also planning to build charging infrastructure to support users of the vehicle.
Mandatory Filtering Software Faces Legal Challenge
Two professors of law sent a letter to the State Council to challenge the government's directive to ship all PCs in China with a website-filtering software.
OZ Minerals Shareholders Clear Minmetals Deal
OZ chairman Barry Cusack had warned shareholders before the vote that the company would be in grave danger of liquidation take over if they rejected Minmetals' offer.
Auto Industry Wants Government Support Measures Extended
Auto sales in China have surged for three consecutive months, as government policies designed to give the sector a boost took effect.
CISA Opposes Rizhao Iron Ore Trading Center
The industry association said such trading centers will introduce speculation on imported iron ore prices and damage the market.
Iron Price Wrestling Peaks for Chinese Steel
China's steel mills are rejecting rubber stamp price reductions hammered out by iron ore suppliers and other Asian buyers.
Fuyao Chairman Says Charity Still Pending Approval
The charity will be financed by nearly 30 percent of the listed company's total equity.
OZ Minerals Sticks with Minmetals Bid
In judging the alternative proposals, OZ considered the additional corporate costs that would need to be incurred.
Warburg Pincus Sells Huiyuan Juice Convertible Bonds
Huiyuan's net profit in 2008 fell 86.1 percent to 88.9 million yuan, partly due to a fair value loss of 109.7 million yuan on its convertible bonds.
Beijing Auto May Make Bid for Opel – Sources
Beijing Auto has submitted a bid for the German carmaker just before the May 20 deadline.
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