Don't have an account yet? Get FREE 7-Day Trial
August 7 – Hanlong Group, a privately-owned manufacturing conglomerate based in Sichuan province, lowered its bidding price for Australia's Sundance Resources Ltd by 30% to $1.27 billion as it foresaw a bleak outlook for commodity prices, a source with knowledge of the deal said. The bid has won regulatory approvals from both the Chinese and Australian governments.
http://cn.reuters.com/article/chinaNews/idCNCNE87603B20120807
August 3 – Jiangxi Copper Co (SHA: 600362, HKG: 0358), China's biggest copper producer, said it plans to pay ¥360 million for a 40% stake in Zhejiang province-based Heding Copper Co, becoming its largest shareholder. The target company is building a plant capable of producing 270,000 tons of cathode copper per year.
http://www.yicai.com/news/2012/08/1956749.html
August 3 – Shenzhen Luxshare Precision Industry Co (SHE: 002475), a computer connector maker, said it plans to spend between ¥110 million and ¥130 million buying out Zhuhai All-Winner FPC Co, a flexible printed circuit maker.
http://www.yicai.com/news/2012/08/1956658.html
August 3 – Walvax Biotechnology Co (SHE: 300142) a human vaccine maker, said it plans to purchase a 55% stake in Hebei Daan Pharmaceutical Co, a human blood processor, for between ¥220 million and ¥530 million. The target company is capable of processing 200 tons of human blood per year.
http://www.yicai.com/news/2012/08/1956718.html
$1 = ¥6.34
@2011 China Economy @ The China Perspective.
HOME
