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| Thursday, December 04, 2008 00:20:16 |
Huawei leaves Sunday, BP to launch 1000 stations, and Skyworth signs huge export orders
Huawei to turn over stake in Sunday
Huawei announced that it has agreed to vote in support of
PCCW's buyout of Sunday, China Business
Daily reports. Huawei currently owns 9.91% of Sunday, while PCCW is the
majority owner with 79% of the company. PCCW needs 75% of the remaining shares
to vote in support of its move in order to buy the company. While it is still
possible for Huawei to reverse its decision before the vote on 14 November,
industry analysts believe that since Sunday uses Huawei equipment for its 3G services in Hong
Kong, Huawei will not suffer by giving up its stake.
Link: http://dycj.ynet.com/article.jsp?oid=6568490
BP aims for 1000
The Beijing News
reports that BP announced that it is planning on accelerating its expansion in China.
It launched a BP-China website Friday, and has drawn up plans to work with
PetroChina and Sinopec to purchase or construct 1000 filling stations in Zhejiang and Guangdong,
respectively. To date, BP has invested over US$3 billion in China and has
over 30 wholly- or jointly-owned companies.
Link:
http://www.thebeijingnews.com/news/2005/1015/10@031038.html
Skyworth ramps up exports
Electronics manufacturer Skyworth announced yesterday that
it had signed an agreement to export US$130 million worth of its high-tech
products, Beijing Times reports. In
the end of August, the company had received US$20 million worth of orders, and
was preparing to enter the US
mobile market. The orders signed yesterday included color TVs, mobile phones,
LCDs, security cameras, and car electronics, to be exported to the US,
Australia, Malaysia, and two other locations.
Link: http://www.bjt.net.cn/news.asp?newsid=122908
PCCW: 0008.HK
Sunday: 0866.HK
Skyworth: 0751.HK
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