The Coca-Cola Company (NYSE: KO) is interested in floating on the international board of the Shanghai Stock Exchange, which is expected to be launched this year, said Coca-Cola's Asia Pacific public relations manager Geoff Walsh.
Tencent Holdings Ltd (HKG: 0700), China's largest Internet company by market value, will invest ¥500 million developing online video business, said Liu Chunyu, head of the company's online video division. Separately, Tencent is in talks with Shanda Games Ltd (NASDAQ: GAME) over launching games on microblogging sites, said Shanda Games CEO Alan Tan in an interview.
China National Chemical Engineering Co (SHA: 601117) said it had recently signed three contracts worth a combined ¥2.73 billion that represented 8.37% of its revenues in 2010.
Henan Shuanghui Investment & Development Co (SHE: 000895), a leading pork processor, said its Jiyuan Shuanghui Food Co will resume production June 2. The company's activities were suspended in mid March after a banned chemical was found in its pork products.
Yunnan Tin Co (SHE: 000960), China's biggest tin producer, said it will establish a company for a 100,000-ton copper smelting plant in a move to diversify its business.
$1 = ¥6.48