Lenovo to offload handset unit

2008-02-01 10:45:17

PC maker Lenovo Group said yesterday it will offload its handset business for $100 million to a group of private equity firms to boost profitability.

China Coal Energy up more than 40% on Shanghai debut

2008-02-01 14:22:20

The share price of China Coal Energy, the country's second largest coal producer, jumped more than 40 percent in a strong debut in Shanghai on Friday amid volatile trading.

Wanted: CIC bond managers

2008-02-01 09:14:16

The country's $200 billion sovereign wealth fund China Investment Corp is hiring external bond managers to handle capital in two fixed-income products.

PICC ready for share float

2008-01-31 10:08:31

PICC is preparing to list in Shanghai this year, but the group hasn't decided whether it will go public as an entity or if it will just be Hong Kong-listed PICC Property and Casualty Co Ltd returning to the mainland market.

Baosteel, BHP sign 10-year deal for iron ore supply

2008-01-31 09:53:35

Signing a new 10-year contract, Melbourne-based BHP will supply a total of 94 million metric tons of iron ore to Shanghai-based Baosteel at about 10 million metric tons a year.

CRH nods to Yatai stake sale

2008-01-31 10:32:40

CRH Plc, the world's second biggest maker of building material, will pay 2.1 billion yuan for a stake in the cement unit of Jilin Yatai (Group) Co, tapping into China's construction boom.

Rival offer for Indonesian project topped

2008-01-31 10:32:15

PT Aneka Tambang and Shenzhen Zhongjin Lingnan Nonfemet Co offered 505 million Australian dollars in cash for Herald Resources Ltd, topping a rival bid to gain control of a lead and zinc project in Indonesia.

China Oilfield Services boasts 95% net profit rise

2008-01-30 11:54:00

China Oilfield Services Limited (COSL) said Tuesday its unauditted net profit was forecast to grow about 95 percent year-on-year last year.

Ping An, CFT launch money brokerage venture

2008-01-30 10:46:55

The world's second largest inter-dealer broker Compagnie Financiere Tradition (CFT) and Ping An Trust launched China's third largest money brokerage yesterday.