China News Direct

 
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Anhui Expressway to raise RMB1.5bn for project construction
(Aug 28, 2007) Anhui Expressway Company Limited is going to have a short-term financing of RMB1.5 billion. The sum of money will be issued in the latter 2007 or next year. It anticipates a capital expenditure of RMB3 billion in 2007-2009 for the Hening Expressway, the Gaojie Expressway and the construction project in ...
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Southern Airlines builds Shenzhen aircraft maintenance dock
(Aug 28, 2007) China Southern Airlines Company Limited plans to invest RMB93.76 million to build a large-scale aircraft maintenance dock, which will be the largest in Shenzhen Region, in Shenzhen Bao'an International Airport. The dock will be located between the headquarters of China Southern Airlines and the Shenzhen International Cargo Terminal. It occupies ...
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China to set up clubs to attract Hong Kongers flying private jets
(Aug 28, 2007) Xian Yanliang National Aviation Hi-tech Industrial Base, China's only aircraft research, development and manufacturing center, plans to set up an aviation club in Shenzhen or Zhuhai in Guangdong to target Hong Kong's affluent who want to fly private jets. Jin Qiansheng, head of the Base, noted that the Base will ...
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Shenzhen Expressway to put RMB6.5bn in highway expansion
(Aug 28, 2007) Shenzhen Expressway Company Limited (SECL) anticipates that its capital expenditure will accumulate to more than RMB6.5 billion by 2010. The company will continue to invest in toll road expansion. SECL's capital expenditure will reach RMB3.36 billion and the debt ratio will exceed 60% in 2008. The capital expenditure of RMB2.63 ...
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China Wireless profit doubled to HK$125m in first half of 2007
(Aug 28, 2007) China Wireless Technologies Limited increased profit by a double to HK$125 million in the first half of 2007. Earnings per share was HK$0.124 and it issued one bonus share for every one ordinary share. An interim turnover increased by 73.56% to HK$754 million and the sales of smartphone increased by ...
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Dalian Port to build a new crude oil terminal with PetroChina
(Aug 28, 2007) Dalian Port (PDA) Co. Ltd. announced that its new crude oil terminal, a joint development with PetroChina Co. Ltd., will commence operation in 2009. The new crude oil terminal will have a throughput of 20 million tonnes. Together with the adjacent crude oil terminal, gross throughput can reach 40 million ...
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China approves Singapore Airlines' investment in Eastern Airlines
(Aug 28, 2007) Market news says the Chinese aviation authority has basically approved Singapore Airlines' equity investment in China Eastern Airlines. With the approval to sell part of its equity, China Eastern Airlines will enlarge its share base by issuing additional shares. It is said that China Eastern Airlines plan to issue additional ...
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Datang Power is ready for hydraulic & wind power projects
(Aug 28, 2007) Datang International Power Generation Co., Ltd. expects to start constructing a hydraulic power project in Luoze River in Yunnan Province and wind power projects in Shanxi Province and Inner Mongolia in 2007. The company's interim net profit in 2007 amounted to RMB1.8 billion, representing a growth of 41.86%. Electricity generation ...
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Samsung expands R&D team in emerging markets
(Aug 27, 2007) South Korea's Samsung Electronics will greatly expand the size of its overseas research and development (R&D) teams. Samsung is planning a new R&D center in Warsaw to strengthen cell phone and communications equipment R7D for the Eastern European market. The company also plans to expand its R&D teams in China ...
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Huadian Power anticipates increase in debt ratio to 75%
(Aug 27, 2007) Huadian Power International Company Limited (HDPI) anticipates an increase in debt ratio from 72.99% to 75% due to the launching of production from new projects. HDPI emphasizes that the company will maintain the ratio at 75%. It may seek equity financing for investments but has no plan in fund-raising through ...
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