China News Direct

 
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Omnicorp explores timer business in South America
(Nov 10, 2007) Hong Kong's Omnicorp Limited, specialized in electronic components and products manufacturing, has started to explore timer businesses worldwide. After acquiring a 60% equity stake of South America's timber enterprise, Greenheart, Omnicorp plans to build a timber mill plant in South America with HK$150 million. According to Samuel Hui, the Director ...
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Founder Tech sells Microsoft products at 500 stores
(Nov 08, 2007) To combat pirated computer software, China's second largest computer manufacturer Founder Technology Group (Founder Tech) joins hand with Microsoft to sign a cooperation agreement. Founder Tech will install Windows operating system in all its computer products. Apart from installing Windows operating systems, Founder Tech also sells Microsoft keyboards, webcams and ...
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Tomorrow Int'l may sell business, shifts focus to coal mining
(Nov 08, 2007) Tomorrow International Holdings (Tomorrow Int'l) plans to spend not less than RMB420 million to acquire an 80% equity stake of a coal mine in Shanxi. With its shift of business focus to coal mining, Tomorrow Int'l may consider selling its existing electronics business. US based private fund GEM, holding shares ...
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Marks and Spencer plans full expansion in China and India
(Nov 07, 2007) Marks and Spencer (M&S), the largest garments retailer in England, will buy back GBP 1 billion (around US$ 2.08 billion) of equity stake for large scale expansion in China and India. Stuart Rose, Chief Executive of Marks and Spencer, reveals the Britain-based retailer will invest in major developing markets like ...
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TDC stands by manufacturers in dilemma
(Nov 07, 2007) Since the Pearl River Delta is adjusting its processing trade industry, many Hong Kong companies in the delta face mounting pressure to change. With increasing difficulties of operating in the Pearl River Delta, Hong Kong Trade Development Centre (TDC) has decided to help Hong Kong manufacturers, especially SMEs, seek new ...
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Weichai Power raises RMB5.58 billion for production expansion
(Nov 07, 2007) In order to raise fund of maximum RMB5.58 billion for business expansion, Weichai Power announced plans to issue 60 million A-shares. According to the announcement, the company will use RMB2 billion of the proceeds to set up a production line of Landking Engine and ancillary facilities. It will use RMB1.5 ...
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Optical products export records growth worldwide
(Nov 07, 2007) Hong Kong Optical Fair is held from 6th November to 8th November 2007 at Hong Kong Convention and Exhibition Centre. As the optical industry has considerable growth, it is expected that the export prospects of optical products will be optimistic. Raymond Yip, Assistant Executive Director of Hong Kong Trade Development ...
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Duanzhou rolls out RMB6bn property and industry projects
(Nov 06, 2007) Duanzhou in Zhaoqing City, Guangdong has held an investment environment promotion conference that witnesses the signing of 58 projects valued at RMB6.331 billion. The conference breaks the highest record of receiving 500 visitors this year. There are 8 property and hotel projects with investment value of RMB4.633 billion. At the ...
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STMicroelectronics targets China's fast growing semiconductor market
(Nov 06, 2007) STMicroelectronics (ST), one of the world's leading semiconductor manufacturer, has laid stone on its future semiconductor chip packaging and testing plant in Longgang of Shenzhen on 5th November 2007. The construction of phase one of the production plant is planned to be finished before the end of September 2008. Before ...
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Guangdong textile export drops on high costs
(Nov 06, 2007) Guangdong province recorded 147,000 batches of exported textile valued at over US$2.9 billion in third quarter of 2007. The value of export remained more or less the same as the third quarter of last year. Besides tatting, printing and dyeing clothing which showed a slight increase in price, the volume ...
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