After deducting amounts owed to its original shareholders and debt holders, and other accounting adjustments, the amount Shanghai Pharmaceuticals Holding will pay to fully buyout Cardinal’s China business is US$557 million. The acquisition will help…
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Shanghai Pharmaceuticals buys out Cardinal Health in China to become top distributor of imported drugs
Shanghai Pharma buys US Cardinal Health’s China business for $557 million
Deal gives the China business $1.2 billion enterprise value Shanghai Pharma keen to expand network nationwide Cardinal Health put business up for sale due to rule changes U.S. private-equity firm Warburg Pincus among bidders-sources Shanghai…
Manulife launches wholly-owned investment business in Shanghai
Canadian asset manager Manulife Asset Management on Wednesday launched a wholly-owned investment business in Shanghai and welcomed Beijing’s steps to raise limits on foreign ownership in the finance sector. Last Friday, China said it planned…
Military Drills Help China’s Best Bank Toughen Up Its Staff
At Bank of Taizhou Co., trainees are pushed to count money with lightning speed, toughened up by ex-instructors from the People’s Liberation Army and mobilized to go after delinquent borrowers with the subtlety of an…
China Unicom [Hong Kong] Ltd (CHU) Position Up in Latest Report from Thornburg Investment Management Inc
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable Press Coverage Somewhat Unlikely to Impact China Unicom (Hong Kong) (CHU) Stock Price” was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. Clark Capital Management Group Inc…
Somewhat Favorable Press Coverage Somewhat Unlikely to Impact China Unicom (Hong Kong) (CHU) Stock Price
News headlines about China Unicom (Hong Kong) (NYSE:CHU) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and…
China sending envoy to North Korea after Trump visit
Song Tao, the head of China’s ruling Communist Party’s International Department, will travel to Pyongyang on Friday to report on outcomes of the party’s national congress held last month, the official Xinhua News Agency said.…
China downplays visit from Zimbabwe army chief as ‘normal’
Constantino Chiwenga, who appears to have taken control of the country, was a “normal military exchange,” China’s Foreign Ministry said Wednesday … countries,” Geng said at a regularly scheduled news conference. In a Nov. 10…
China property investment growth cools, sales decline accelerates
Real estate investment cooled in October and a sales decline steepened, reinforcing expectations of a gradual slowdown in China’s economy as the property sector loses momentum amid an official crackdown on riskier lending. Real estate,…
Analysis: Progress by China envoy in N. Korea won’t be easy
Song Tao, the head of China’s ruling Communist Party’s international department, will travel to Pyongyang on Friday to report on the party’s national congress held last month, the official Xinhua News Agency said. Song, as…
China should push market-based financial reforms: central bank adviser
BEIJING (Reuters) – China’s central bank policy adviser Huang Yiping said on Wednesday that bank lending rates in China should be market-based and that policymakers should not rely on administrative measures to lower funding costs.…
Morgan Stanley is upbeat about China’s ‘new economy with scale’
Morgan Stanley is bullish on China as IPO activity picked up The investment bank is talking to more than a hundred companies, including “new economy” businesses Aside from the changing mix of firms with which…
Tencent-backed Yixin’s IPO is Hong Kong’s 10th hottest ever as investors eye China’s online car sales growth
Yixin Group, China’s largest online car retailer, has priced its highly-anticipated initial public offering at the upper end of the price range to raise a total HK$6.77 billion (US$870 million), as investors eye the rapid…
