Deutsche Bank has agreed to sell its 20-percent stake in China's Hua Xia Bank to PICC Property and Casualty Co. for over 3.3 billion US dollars. Germany's biggest lender says the completion of the transaction will be subject to customary ...
Tags: Deutsche Bank, Hua Xia Stake
The China-proposed Asian Infrastructure Investment Bank (AIIB) was formally established Friday. Expectations are high for the new global multilateral financial institution, which will operate in an open, fair and efficient manner, AIIB's ...
The China-initiated Asian Infrastructure Investment Bank (AIIB), a complement to existing international financial system, was formally established Friday in Beijing and expected to start operation early next year. "The AIIB is legally ...
Tags: AIIB
Alibaba has agreed to buy some 30 percent stake into China's food delivery service Ele.me, valued at 1.3 billion U.S. dollars. The deal is expected to be completed after the Spring Festival in Feburary of next year. After completion, it ...
Zoomlion, China's leading construction machinery producer, on Wednesday said it had signed an official agreement to buy a 57 percent stake in Italy's waste-disposal company Ladurner. Zoomlion said it had teamed-up with Mandarin Capital to ...
China Vanke has issued a statement on Wednesday night, welcoming Anbang Insurance to become one of its big share-holders. Earlier this week, Anbang raised its stake in Vanke to 7 percent by acquiring shares worth over 2.8 billion yuan. ...
UK-based drinks company Diageo has completed the sale of Jamaican lager Red Stripe to Heineken for $780.5m. The deal, which was announced in October, entails Diageo offloading its brewing companies in Jamaica, Malaysia and Singapore, to ...
Tags: Diageo, Jamaican lager Red Stripe, Food
Ball Corporation is planning to invest in the expansion of its manufacturing plant in Velim, Czech Republic, in a bid to cater to increasing demand for its impact extruded aerosol cans in Europe. As part of the proposed expansion, Ball ...
Tags: Ball Corporation, expansion, Packaging
China's Silk Road Fund, a medium- to long-term investment fund, will buy 9.9 percent of a Russian liquefied natural gas (LNG) project. The Silk Road Fund said Friday that it entered into a set of binding agreements with Russia-based ...
China Vanke Co. Ltd unexpectedly suspended trading on Friday afternoon, saying that it's planning to issue new shares for capital restructuring and assets acquisition, according to a statement on the Shenzhen Stock Exchange. The statement ...
Microsoft and the China Electronics Technology Group, or CETG, have announced a new joint venture. The new company is provisionally named C&M Information Technologies, and will provide Windows 10 related services to Chinese government ...
Tags: Microsoft, CETG Form, Joint Venture
After a decade of negotiations, China and Australia will begin to implement a Free Trade Agreement on Sunday. Significant benefits to both economies are expected. Under the Free Trade Agreement, or FTA, nearly 86 percent of the two ...
Tags: FTA, China-Australia
The spat between China's largest property developer Vanke and its current biggest shareholder Baoneng Group has continued to heat up. Vanke's President Yu Liang says the company is facing a "hostile takeover". Last week, Chairman Wang ...
Tsinghua Unigroup of mainland China announced on Dec. 11 to acquire a 24.9 percent holding in Siliconware Precision Industries Co., Ltd. (SPIL) and a 25 percent stake in ChipMOS Technologies (Bermuda) Ltd. for total cost of NT$68.8 billion ...
Tags: Tsinghua Unigroup, semiconductor, Processing Machinery
Archer Daniels Midland Company (ADM) will purchase 50% stake in Egypt-based Medsofts Group. Together, the companies will own and manage supply chain and merchandising operations of grains, oilseeds, and soft commodities. The new joint ...