China Power offer nets $320 million
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HONG KONG China Power International Development has raised 2.5 billion Hong Kong dollars, or $320.6 million, in an initial public offering, bankers said, after pricing its shares at a discount to rivals and selling a stake to Singapore&#39;s state-run
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GE Energy has been awarded a contract for approximately US$16M by SP PowerSystems, part of the ScottishPower group based in Glasgow, United Kingdom to rebuild its Capenhurst 132kV air insulated switchgear ...
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Company will bolster its 3G wireless business with $320 million purchase of Nortel equipment, technology.
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(InfoWorld) - A China Telecommunications Group (China Telecom) subsidiary in Jiangsu province and Hewlett-Packard are offering customers a desktop computer with broadband Internet access for 198 renminbi, or $26, per month. The promotion offer underscores how competitive China's PC and Internet markets have become, and the extent to which the market has become saturated after years of breakneck growth. For a monthly payment of 198 renminbi and a 27-month contract, China Telecom customers in Taizhou, Jiangsu province, get an HP Compaq DX2308 desktop PC with a 3.2GHz Intel Celeron D processor, 512MB of RAM, an 80GB hard drive, and a 17-inch CRT monitor, according to an online advertisement (in Chinese). The bundle includes 150 hours of broadband Internet access per month, most likely a 512Kbps DSL (digital subscriber line) connection, the most common in China. For an additional 700 renminbi, customers can upgrade to a 17-inch LCD (liquid crystal display) monitor. A similar deal is available in other Jiangsu cities, including Nantong (in Chinese). This isn't the first time China Telecom and HP have offered a PC bundled with broadband for 198 renminbi. Similar deals were offered in Jiangsu province earlier this year. Bundles like this are not yet common in China, although several vendors have experimented with them and seen mixed results, said Bryan Ma, director of personal system research at IDC Asia-Pacific. Besides the low-cost desktop, China Telecom and HP are offering a couple of other options to Taizhou customers, including an HP Compaq NX6515 notebook with a dual-core 1.6GHz Turion 64 X2 processor, 512MB of RAM, an 80GB hard disk, and a 14-inch screen. The notebook deal involves a one-time payment of 6,998 renminbi, or $923, and includes 1,660 hours of broadband Internet access during school vacation periods. HP may be the world's biggest PC maker, but the company still lags behind Lenovo Group in China. During 2006, the company was the fourth-largest PC maker in China, with a market share of 8.2 percent. HP's market share increased to 12.5 percent during the first quarter of 2007, thanks to aggressive notebook sales, Ma said
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MOSCOW - China&#39;s state oil company could be offered a 20 per cent stake in the recently auctioned main production unit of former Russian oil giant Yukos.
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BEIJING  - China signed a contract to buy 23 A319, A320 and A321 commercial jets from aircraft manufacturer Airbus in a deal worth close to 1.0 billion euros (1.34 billion dollars).
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Sinopec Corp, China&#39;s biggest oil refiner, yesterday offered to buy the 30 per cent of Beijing Yanhua that it does not already own in a deal worth HK$3.84bn (US$500m).
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British and Chinese companies have signed key business agreements, including a multi-millon-dollar engine deal between Rolls-Royce and Air China, witnessed by Chinese Premier Wen Jiabao and British Prime Minister Tony Blair.
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DALLAS -- Shareholders of TXU Corp. approved the sale of the largest power generator in Texas for $32 billion on Friday in one of the largest private buyouts ever.
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Investment in manufacturing plant in Lodz could reach $321 million and include 1,000 workers.
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BEIJING - A group of state-owned Chinese companies has agreed to help finance and build an iron ore and infrastructure project worth nearly $2 billion (Australian) in the Pilbara region of western Australia.
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IBM has said that it has agreed to pay $320 million to current and former employees to settle in part a class-action lawsuit over its pension plan in a case that may affect millions of workers at many companies and nonprofit organizations.
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China signed a contract to buy 23 A319, A320 and A321 commercial jets from aircraft manufacturer Airbus in a deal worth close to 1.0 billion euros (1.34 billion dollars).
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BEIJING - A consortium of Japanese firms led by Kawasaki Heavy Industries Ltd. won a $12 billion contract to provide high-speed trains to China, Xinhua news agency said on Monday.
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driven by China&#39;s insatiable demand for Australian coal - are expected to boost national export earnings by $12.5 billion this year.
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A move by China in a possible mining deal could sharply increase the price of what would be one of the biggest mergers in corporate history.
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China Power International Development Ltd., a unit of the nation&#39;s fifth-biggest utility, may buy assets from its parent as early as mid-2005 as part of plans to triple capacity in five years, Chief Executive Li Xiaolin said.