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Monthly Archives For August 2017
DFNN to list on Philippine bourse next year sans IPO
“We have engaged China Bank (Capital) to manage the issuance.” HatchAsia is an IT-incubator business turned support services catering to Philippine Offshore Gaming Operators. According to Garcia, DFNN had earlier slashed its stake in HatchAsia…
Saudi Aramco In Talks To Buy $2B Stake In PetroChina Refinery
Saudi Arabia is also trying to build more investment ties with China, and according to The Journal, the Saudis hope that Chinese firms and funds would buy major chunks of Aramco’s IPO next year, expected…
Saudi Aramco in Talks to Buy PetroChina Refinery Stake — Update
Recently, bridge-building between the two countries has accelerated as Saudi Arabia seeks to boost its supply of oil to China, as well as gather investors for a proposed listing of part of Aramco. That IPO,…
Goldman Sachs Buys into Aramco $10 Billion Loan as it Seeks IPO Role
Goldman Sachs (GS.N) has bought a slice of Saudi Aramco’s IPO-ARMO.SE $10 billion credit facility as it … JPMorgan, HSBC and Bank of China. Aramco plans to raise $100 billion through the listing of five…
Blog: Q2 2017 Quarterly VC Update: Hans Tung on the State of Venture Capital Investing
Investors are more cautious as to what IPO valuations will be, therefore fewer deals are currently getting done. There will definitely be an uptick, given the size of many private companies. On US-China dealflow: I’m…
Plano man admits illegally smuggling U.S. space technology to China, Russia
A Plano businessman pleaded guilty Thursday in federal court to smuggling radiation-protected microchips used in space exploration to China and Russia, the U.S. attorney’s office said. Peter A. Zuccarelli, 62, was charged in June by…
Unappetizing: Yum Brands’ earnings fall on lower revenue
In October, Yum Brands spun off its China business, Yum China, as a separate, publicly trade company. Yum China is now a licensee of Yum Brands in China. ( read original story …)
Electric-car startup Faraday Future shakes up its executive ranks amid scramble for cash
Newly hired chief financial officer Stefan Krause … marking the first time he will assume an official role at Faraday Future. Jia is the founder of the Beijing-based electronics company LeEco, which has been bleeding…
Coal-fired power plant in China issues green bonds
To promote new methods of financing to back China’s transition to cleaner growth, Beijing opened five “green finance” pilot zones. Under the program, the government is going to spend at least three trillion yuan ($450…
China Firms Call for More Tax Cuts in Government Survey
and challenging project,” Liu Shangxi, the head of the academy, which is under the Ministry of Finance, told a news conference in Beijing. Besides the tax costs, Chinese firms are having to pay increasingly higher…
China New Borun to Report Second Quarter 2017 Financial Results
Company to Hold Conference Call on August 23 at 8:00 a.m. E.T.– BEIJING, Aug. 4, 2017 /PRNewswire/ — China … today announced that it plans to release its unaudited financial results for the second quarter…
China strives to reduce financial risk
Risk control and serving the real economy will be the major tasks of China’s financial sector in H2. Guarding against systemic financial risk is vital to the health of the economy and so the government…
