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PARKnSHOStretch wrapperP restructures operations in Shanghai

Posted by dayi4 at 21:13 | Tuesday, December 20. 2011 | Comments (0) | Trackbacks (0)

PARKnSHOStretch wrapperP restructures operations in Shanghai
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PARKnSHOP restructures operations in ShanghaiPublished: 15 Dec 2008 02:13:01 PST

Dec. 15, 2008 (China Knowledge) - PARKnSHOP, one of the two largest supermarket chains in Hong Kong under Hutchison Whampoa Ltd<13>, has decided to close its outlet in Guohe Plaza, Yangpu District in Shanghai by the end of this month, while its Meilongdian outlet will remain normal operations, sources reported.

Industry insiders disclosed that the poor financial performance is the main reason for the closing of the two-year-old store.

The Guohe store is PARKnSHOP's first outlet as well as the first flagship store in Shanghai after it returned to the city in 2006.

An executive with Shanghai PARKnSHOP Supermarket Co Ltd, a wholly-owned subsidiary of the Hong Kong-headquartered retailer, said the closing would not affect the company's business operations in the city and it plans to open a new outlet in Shanghai's Gubei area next year.

Currently, PARKnSHOP runs more than 260 outlets in Hong Kong, Macau, and Chinese mainland.

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BOC, CDBleggings cuir to finance Minmetals' OZ Minerals deal

Posted by dayi4 at 21:13 | Tuesday, December 20. 2011 | Comments (0) | Trackbacks (0)

BOC, CDBleggings cuir to finance Minmetals' OZ Minerals deal
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BOC, CDB to finance Minmetals' OZ Minerals dealPublished: 23 Jun 2009 01:29:40 PST

Zhengzhoswing setu Top signs US$410-mln deal with Romanian firm

Posted by dayi4 at 21:12 | Tuesday, December 20. 2011 | Comments (0) | Trackbacks (0)

Zhengzhoswing setu Top signs US$410-mln deal with Romanian firm
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Zhengzhou Top signs US$410-mln deal with Romanian firmPublished: 30 Jul 2009 17:19:16 PST

Jul. 31, 2009 (China Knowledge) - Zhengzhou Top Rolling Technology Co Ltd, a technology company that researches and produces equipment for metal-rolling mills, has signed a US$410-million deal with INTFOR, Romania's largest integrated iron and steel company, the Chinese company said on Wednesday.

According to the agreement, Zhengzhou Top Rolling Technology will provide US$400 million worth of equipment for a new steel-rolling production line and do US$10 million worth of retrofitting work on an old steel-rolling production line.

Zhengzhou Top's cooperation with INTFOR began in 2007, when the Romanian company purchased a steel-rolling production line worth US$8 million from the Chinese company. The production line arrived in Romania last December and was put into operation in May.

A previous project, a XGK 1400 high-precision cold-rolling mill project involving a total investment of US$45 million, is expected to have an annual output of US$120 million, said Zhao Linzhen, manager of the company, adding that the transaction will further enhance the company's cooperation with other European countries.

Zhengzhou Top, which was established in 1995, is located in China's Henan Province. The company holds more than 21 patents in 62 countries.

Hang Senahappydeal scamg Index finishes 1.07% higher at midday

Posted by dayi4 at 21:12 | Tuesday, December 20. 2011 | Comments (0) | Trackbacks (0)

Hang Senahappydeal scamg Index finishes 1.07% higher at midday
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Hang Seng Index finishes 1.07% higher at middayPublished: 09 Nov 2009 01:06:14 PST

Nov. 9, 2009 (China Knowledge) - Hong Kong stocks swelled 233.44 points or 1.07% to end the morning session at 22,063.16 points, with mainboard turnover standing at HK$33.96 billion.

The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, swelled 173.91 points to 13,191.11 points.

Market heavyweight HSBC Holdings Plc<0005><HBC>, which accounts for the largest weighting for the Hang Seng Index, rose 1.55% to HK$88.2.

Hsin Chong Construction Group Ltd<0404> surged 36.14% to HK$1.13. Sino-Life Group Ltd<8296> soared 22.37% to HK$1.86.

Insurance firms performed well in the morning. Top insurer China Life Insurance<601628><2628><LFC> rose 1.74% to HK$38.1. Smaller rival Ping An Insurance<601318><2318> swelled 1.26% to HK$72.05. PICC Property & Casualty Co Ltd<2328> climbed 0.34% to HK$5.92. However, China Taiping Insurance Co<0966> dipped 0.54% to HK$27.55.

Yanlord Temperature Humidity ChamberLand breaks ground for Waigaoqiao project in Shanghai

Posted by dayi4 at 21:11 | Tuesday, December 20. 2011 | Comments (0) | Trackbacks (0)

Yanlord Temperature Humidity ChamberLand breaks ground for Waigaoqiao project in Shanghai
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Yanlord Land breaks ground for Waigaoqiao project in ShanghaiPublished: 29 Nov 2009 18:35:44 PST

Nov. 30, 2009 (China Knowledge) - Singapore-listed real estate developer Yanlord Land Group Ltd announced that it has started construction on its latest residential property project in Pudong New Area, Shanghai.

Located in Pudong's new prime residential district, the 320,000-sq m Waigaoqiao Land project is going to be built on the sites of two pieces of land acquired by Yanlord in July 2008 and September 2009 respectively.

Since its foray into the Chinese market in 1993, Yanlord has already developed a number of large scale residential properties in Shanghai and Nanjing. Yanlord Waigaoqian Land is Yanlord's sixth-largest project in the Pudong New Area. It also has developments in six other Chinese cities, Suzhou, Chengdu, Guiyang, Tianjin, Zhuhai and Shenzhen.

Listed on the mainboard of the Singapore Stock Exchange, Yanlord is one of China's top 10 foreign real estate developers.

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