China’s top steel maker Baosteel Group Corp is mulling an initial public offering in Hong Kong, London or New York to raise approximately RMB 60 billion, to cater to the world’s largest consumer of this metal.
The Shanghai-based company is seeking to raise RMB 30 billion through loans and share sale for the Zhanjiang project in [...]
China COSCO Holdings Co. Ltd. (COSCO), the second largest integrated shipping company in the world, announced on Wednesday that the company plans to spend about US$ 2.30 billion on new vessels in a bid to further consolidate its globally leading position in integrated shipping and logistics.
According to the company’s statement, it plans to order 25 [...]
Hong Kong Census and Statistics Department announced on Thursday that the values of Hong Kong’s imports and exports of goods posted year-on-year increases of 7.6% and 6.6% respectively in March 2008.
The value of total exports of goods in March rose 7.6% to HK$ 222.5 billion, in which re-export value was HK$ 215 billion, up 7.9%, [...]
China’s top gold producer Zijin Mining Group Co saw its shares shoot up 96.21% on its trading debut in Shanghai on Friday.
Shares of the company opened 39.97% higher to start trading at RMB 9.98 and end the morning session 42.36% higher. After the break, the stock once soared more than 100% at a point in [...]
China Railway Group Ltd, China’s largest railway and construction contractor, on Thursday published its 2007 annual report, saying its profit nearly doubled from a year earlier thanks to the building boom in the world’s fastest-growing major economy.
Net profit for last year, based on Chinese accounting standards, surged 92.2% to RMB 3.16 billion (US$452 million) or [...]
China Shenhua Energy Co Ltd, the nation’s biggest coal producer, on Thursday reported its first-quarter net profit rose 40.2% from a year earlier on the back of increased output.
It realized RMB 6.5 billion in net income based on international accounting standards, up from RMB 4.63 billion of the same period last year, and revenue in [...]
