Stake in China HP for sale to the highest bidder
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A 30 percent stake in Hewlett-Packard&#39;s Chinese operations is up for sale to the highest bidder as the company&#39;s Chinese partner looks to sell its shares.In a filing (in Chinese) with the China Beijing Equity Exchange, state-owned China Electronics Import &amp; Export Co. (CEIEC) invited bids for its stake in China HP and set a minimum price of 967 million yuan ($133 million).CEIEC will accept bids until Feb. 2 from qualified Chinese companies. Offers from financial institutions or hedge funds will not be considered, it said.HP had little to say in response to CEIEC&#39;s offer, but reaffirmed the importance of China HP to its overall business.&quot;China is a critically important market to HP and continues to hold tremendous opportunities for our business. ... Whilst we do not comment on our financial or operational plans in the future, HP will ensure its business operations remain unaffected,&quot; wrote Joanne Tan, a company spokeswoman, in an e-mail.China HP was founded in 1985 as a joint venture between HP and CEIEC. Over the years, the joint venture has been successful and China HP is a major player in key local markets, such as PCs and servers.Joint ventures are a common way of doing business in China, with foreign companies tapping the experience and connections of a local partner.In the best situations, these partnerships can help the foreign company build and grow their business in China faster than would otherwise be possible.
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CHINA&#39;S largest manufacturer of personal computers Lenovo Group has confirmed it is in acquisition negotiations with a major information technology company, widely believed to be IBM.
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IBM has reached an agreement in principle to sell its personal computer business to Lenovo Group, China&#39;s largest PC maker, in a deal valued at $1 billion to $2 billion, people close to the negotiations said.
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China&#39;s biggest computer maker says it has acquired a majority stake in IBM&#39;s personal computer business. The 1.75- billion-dollar deal is one of the biggest Chinese overseas acquisitions ever.
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China&#39;s largest personal computer maker, Lenovo Group Ltd. (0992.HK: Quote, Profile, Research) , said on Wednesday it is buying control of IBM&#39;s PC-making business for $1.25
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HONG KONG China Power International Development, a unit of China&#39;s fifth-biggest electricity generator, is seeking as much as 2.57 billion Hong Kong dollars, or $330 million, in an initial public offering of stock, bankers involved in the sale said Monday
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Hewlett-Packard Co. HPQ.N will be  under pressure to sell its personal computer business after  IBM's decision to sell its PC operations to China's top PC  manufacturer, but analysts said the No. 2 computer maker would  hold on to its $25 billion PC division for now.
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Chinese-American businessman John Hui has bought computer maker Packard Bell, the third-biggest manufacturer of PCs in Europe, Packard Bell announced.
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BEIJING/SAN FRANCISCO  - IBM is selling its  PC-making business to China's largest personal computer  company, Lenovo Group Ltd., for $1.25 billion, marking the U.S.  company's retreat from an industry it helped pioneer in 1981.
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For China, the country&#39;s biggest computer supplier buying out a unit of IBM is more than just a business deal. Lenovo Group&#39;s decision to purchase IBM&#39;s PC group for $1.75 billion could be
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Ping An Insurance (Group) Co. Ltd.  (2318.HK), China's second-largest life insurer, plans to sell  up to 1.15 billion A-shares worth an estimated US$4 billion  (2.17 billion pounds) to replenish its capital.
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Hong Kong property firm Chinese Estates Holdings Ltd.  is in talks with investors on a possible buyout of the firm, valued at more than US$4 billion, sending its shares up as much as 30 percent to a record high.
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China Petroleum &amp; Chemical Corp., Asia&#39;s largest oil refiner, offered HK$3.8 billion ($492 million) to buy shares of Sinopec Beijing Yanhua Petrochemical Co.
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Hewlett-Packard Co. , the world's number-two PC maker, said on Friday it has launched a 3,999 yuan (&#36;483) computer in China, turning up the heat in the intensely competitive market.
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Part of Hewlett-Packard's Chinese operations is up for sale as the company's Chinese partner looks to sell its stake.
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China's largest personal computer maker, Lenovo Group Ltd. (0992.HK), said on Wednesday it is buying control of IBM's PC-making business for &#36;1.25 billion, capping the U.S. tech giant's gradual withdrawal from the business it helped pioneer in 1981.
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BOE Technology Group of China said it has signed a letter of intent to sell its 45.21 percent stake in its joint-venture subsidiary, Beijing Orient Top Victory Electronics, to TPV Technology in trade for an as-yet undetermined stake in the Hong Kong