Archive for August, 2007

Local manufacturing for petrochemical equipment

China’s National Development and Reform Commission (NDRC) may be issuing a policy for more petrochemical equipment to be made locally, China Daily revealed.
Quoting Zhao Zhiming, the executive vice-president of the China Petroleum and Petrochemical Equipment Industry Association, China Daily reported the top economic regulator has drafted a policy that requests for 75% of all major [...]

ITAT to raise HK$7.8bln from IPO

Retailer ITAT Group Ltd, mainland retailer of apparel, shoes and accessories, unveiled yesterday plans to raise US$1 billion from a Hong Kong IPO next April to fund its expansion.
At present, ITAT has 343 stores and eight hyperstores in 25 provinces and municipalities in China, including 12 stores in Beijing. It plans to increase its [...]

Danone mum about mainland profit dispute

Danone chairmen and Wahaha Group, China’s biggest drink company, are entangled in a legal dispute over the joint venture and the use of the Wahaha brand. The French food producer, according to its chairman Franck Ribound, might have to absorb the negative impact arising from the dispute as a result of higher raw materials.
Though net [...]

Beauty China to start in-house cosmetics production

Singapore-listed Beauty China Holdings Limited, which owns and manages the Color Zone and CharmingLady brands of color cosmetics and skincare products in China, targets to start commercial production of cosmetics by September 2007, the company said in a statement on Tuesday.
The Group’s strategic decision to commence in-house cosmetics production is to ensure a reliable [...]