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Chalco gets go-ahead in acquiring Jiaozuo Wanfang |
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Written by Administrator
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Wednesday, 16 August 2006 |
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BEIJING, August 16 (InfoChina) – Aluminum Corp of China (Chalco, NYSE: ACH, HK: 2600) has got go-aheads from the State-owned Asset Supervision and Administration Commission under the State Council and the China Securities Regulatory Commission (CSRC) to purchase Jiaozuo Wanfang Aluminum (SZ: 000612), according to China Securities Journal. |
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Analyst: Huaneng International to gain “limited” from buying Yuedian stake |
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Written by Administrator
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Tuesday, 15 August 2006 |
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BEIJING, August 15 (InfoChina) – Huaneng Power International (NYSE:HNP) won’t directly benefit a lot from its recently bought stakes in Guangdong’s Yuedian Group, except that the company’s equity capacity has increased, Chinese securities house Guotai Jun’an says in its latest report. |
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Ratio for insurance capital to directly invest in equity market likely to be raised to 10% -- Report |
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Written by Administrator
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Tuesday, 15 August 2006 |
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BEIJING, August 15 (InfoChina) -- More insurance capital will flow into equity market as the Chinese government is weighing lifting the ratio for insurance companies to invest in equities from 5% to 10%, Xinhua-run Shanghai Securities News cites well-informed sources as saying. |
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Sinopec reportedly seeks at least 10 billion HK dollar loan for buyout |
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Written by Administrator
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Friday, 11 August 2006 |
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BEIJING, August 11 (InfoChina) – Asia’s largest oil refiner, Sinopec (NYSE:SNP), is arranging at least 10 billion HK dollars of bank financing to fund the buyout of its Hong Kong-listed Shanghai Petrochemical Co. (NYSE:SHI) early next month, according to Hong Kong’s South China Morning Post. |
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Shanghai Industrial Fund woos insurance funds |
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Written by Administrator
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Friday, 11 August 2006 |
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BEIJING, August 11 (InfoChina) – The upcoming Shanghai Industrial Fund hopes to absorb insurance funds as its initiators, according to Shanghai Securities News. |
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