Executives get 717m yuan in shares
2010-02-05 14:49:07
Shenzhen-listed Gold Mantis Construction Decoration will offer its 43 senior executives millions in free shares, with the rate of return on the investment up to 31 times, as part of their year-end bonuses, the Beijing News reported.
Lawsuit may affect E-reader float
2010-02-05 13:45:53
Hanwang Technology, a Chinese manufacturer of e-readers and portable devices, has been criticized by US-based software company ExperExchange for covering the intellectual property dispute between the two companies one day after Hanwang issued its prospectus and sponsorship work report.
China Minmetals 2009 profit down 56%
2010-02-05 11:43:17
China Minmetals Corporation's 2009 profit fell 55.6 percent year-on-year to 3.15 billion yuan ($462 million) on weaker foreign demands and lower metal prices, the state-owned company said Thursday.
Second-hand e-tailer gets new lease on life from e-partners
2010-02-05 10:30:59
Ma Jian has never regretted his decision two years ago to start a website focused on shopping for second-hand goods, despite objections from friends and relatives.
Minmetals on the prowl for more overseas, domestic buys
2010-02-05 10:25:46
Metals trader China Minmetals Corp yesterday said it expects better fortunes this year on the back of double-digit growth fueled by more overseas and domestic mergers and acquisitions (M&As).
Lenovo expects better PC demand in second-half
2010-02-05 10:21:41
Personal computer maker Lenovo Group Ltd said Thursday that it expects a significant rebound in demand from business users in the second half of the year.
Lenovo profit beats analysts' estimates on China
2010-02-04 14:23:22
Lenovo Group Ltd, China's biggest maker of personal computers, reported fiscal third-quarter profit that beat analysts' estimates as the reviving Chinese economy boosted demand for technology products.
Everbright Bank reports slight increase in 2009 profit
2010-02-04 14:05:05
Net profits of China Everbright Bank (CEB) rose 280 million yuan ($41.1 million) last year to hit 7.6 billion yuan, announced the Beijing-based bank Wednesday.
Ctrip offers $88m for 90% stake in travel unit of Wing On
2010-02-04 11:20:48
Ctrip.com International Ltd, an online travel service provider, plans to invest $88 million to acquire a 90 percent stake in a travel service unit of Wing On Travel (Holdings) Limited of Hong Kong, the company said in a statement yesterday.
First Heavy IPO fails to raise maximum amount
2010-02-04 11:19:03
China First Heavy Industries Co became the first company in at least a year to fail to raise the maximum amount sought in a Shanghai IPO after the benchmark index fell 15 percent from its 2009 high.
MCC plans stake buy in Oz firm
2010-02-04 11:07:34
Building and engineering firm Metallurgical Corp of China (MCC) said yesterday that it plans to pay $200 million in cash for up to a 5 percent stake in Resourcehouse ahead of the Australian commodities group's planned Hong Kong listing.
Hanwang float to fund hi-tech upgrades
2010-02-04 10:30:47
Hanwang Technology, a Chinese maker of e-readers and portable devices with handwriting recognition, hopes to raise 249 million yuan through an initial public offering to fund technology upgrades and product research.