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Venture capital hits record high in China |
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Written by Administrator
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Thursday, 01 February 2007 |
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BEIJING, Jan. 26 (InfoChina) – Venture capital in China accumulated to a record high of more than 58.385 billion yuan by the end of 2006, representing an increase of 32.31 percent as compared to the 44.129 billion yuan by 2005 yearend, according to a report released by China Venture Capital Research Institute. |
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Legend Holdings unit makes strategic investment in fiberglass giant |
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Written by Administrator
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Tuesday, 02 January 2007 |
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BEIJING, Jan. 8 (InfoChina) – Hony Capital, under the flag of Legend Holdings, parent company of Lenovo Group (HK:0992, LNVGY.PK), will make strategic investment in Zhejiang-based fiberglass producer Jushi Group Co., Ltd. in the latter’s capital expansion scheme. |
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Citibank adjusts up target price for Hurray! |
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Written by Administrator
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Monday, 20 November 2006 |
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BEIJING, Nov. 20 (InfoChina) – Citibank has kept a “buy” rating for Hurray! Holding Co. (Nasdaq: HRAY) with the target price adjusted upward to 9.5 US dollars, following the announcement of the company’s 3Q financial report on Nov. 16. |
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China Life earns 2.7 billion yuan with ICBC |
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Written by Administrator
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Friday, 17 November 2006 |
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BEIJING, Nov. 17 (InfoChina) – Driven by sharp price rises of the Industrial and Commercial Bank of China (ICBC, 601398.SH, 1398.HK) on both the Shanghai Stock Exchange and HK Stock Exchange on November 16, China Life is expected to earn a book yield of 2.7 billion yuan with a total of 1.93 billion shares, said China Life’s announcement on November 17. |
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Sinopec Group units sell stakes in financial firms for integration |
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Written by Administrator
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Thursday, 16 November 2006 |
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BEIJING, Nov.16 (InfoChina) – Five units of Sinopec Group, parent of listed Sinopec (NYSE:SNP), are selling minority stakes in 23 domestic financial institutions through the China Beijing Equity Exchange. |
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