Shanda Games to launch this year's biggest IPO, raising $1 billion at $12.50 per shareSeptember 25th, 2009 Shanda Games to launch this year's biggest IPONEW YORK — Shanda Games Ltd. is selling more shares than expected in its debut Friday, raising $1 billion in the largest IPO of the year.
Chinese government to finance rest of Revel's Atlantic City casinoSeptember 10th, 2009 Chinese gov't to finance rest of Revel's AC casinoATLANTIC CITY, N.J. — Revel Entertainment has turned to the Chinese government for financing to finish its lavish Atlantic City casino.
Chinese government to help finish building Revel's Atlantic City casinoSeptember 10th, 2009 Chinese govt to help finish Revel's AC casinoATLANTIC CITY, N.J. — Revel Entertainment has turned to the Chinese government for help finishing the lavish casino it is building on Atlantic City's Boardwalk.
Chinese oil giant takes over Swiss firmAugust 18th, 2009 BEIJING - China's largest oil refinery Sinopec has taken over the Geneva-based oil and gas producer Addax Petroleum Corp., company officials said Tuesday. Sinopec purchased the Swiss oil company for around $7.5 billion.
Chinese construction company, world's biggest IPO of 2009, soars as trading startsJuly 29th, 2009 Giant Chinese IPO soars as trading startsBEIJING — Shares in the company that built the "Water Cube" swimming center for the Beijing Olympics soared Wednesday as trading began after it raised $7.3 billion in the world's biggest initial public offering since March 2008. China State Construction Engineering Corp.
Chinese construction company raises $7.3 billion in world's biggest IPO this yearJuly 24th, 2009 Chinese builder raises $7.3 billion in IPOBEIJING — The company that built the "Water Cube" swimming center for the Beijing Olympics said Friday it raised $7.3 billion in the world's biggest initial public offering this year, highlighting a revival in China's financial markets. China State Construction Engineering Corp.
Swedish construction group Skanska's net profit rises 9 percent in Q2 as margins improveJuly 23rd, 2009 Sweden's Skanska says Q2 net profit up 9 pctSTOCKHOLM — Skanska AB, the Nordic region's biggest construction company, on Wednesday said net profit rose by 9 percent in the second quarter as an improvement in margins offset weaker revenues. The Stockholm-based group said net earnings for the quarter were 1.17 billion kronor ($154 million), up from 1.07 billion kronor in the same period a year ago.
L&T gets orders worth Rs.12 bn for electrical projectsJune 29th, 2009 MUMBAI - Leading engineering and construction company Larsen and Toubro Ltd (L&T) announced Monday that it has bagged six orders worth Rs.12.30 billion from electrical projects in the domestic market. L&T has been awarded four orders for transmission line and railway construction valued at Rs.10.31 billion, and two orders worth Rs.1.99 billion for the construction of sub-stations, the company said in a regulatory statement.
China makes inroads, signs multi-million dollar deal for Ethiopian roadJune 28th, 2009 ADDIS ABABA - China continues to make inroads into Africa, as it bagged yet another major order for building infrastructure in the East African state of Ethiopia. China's state infrastructure major, China Road and Bridge Corporation (CRBC) has signed an agreement to construct a new expressway connecting Ethiopia's capital to another city in the centre of the country, Nazreth.
China makes inroads into East Africa, gets road contract without bidsJune 28th, 2009 ADDIS ABABA - China continues to make inroads into Africa, as it bagged yet another major order for building an 80-km expressway in Ethiopia. The order was given without any bidding as the construction of the six-lane expressway would be financed through a Chinese soft loan worth over $700 million.
Bank of America sells $7.3 billion stake in China Construction BankMay 14th, 2009 BofA sells $7.3B stake in China Construction BankCHARLOTTE, N.C. — Bank of America Corp.
China Construction Bank shares slip in Hong Kong amid reports BofA considering share saleMay 6th, 2009 CCB shares slip amid report BofA may reduce stakeHONG KONG — Shares of China Construction Bank Ltd., the country's second-biggest commercial lender by assets, slid Wednesday on worries Bank of America may sell part of its stake in the company to cope with mounting losses. The Chinese lender fell 0.4 percent to close at HK$4.75 in Hong Kong trade.
Olympic champ Zhang reaches all-Chinese final at table tennis worldsMay 4th, 2009 Zhang into final at table tennis worldsYOKOHAMA, Japan — Olympic champion Zhang Yining of China advanced to the women's singles final with a six-set win over compatriot Liu Shiwen at the table tennis world championships.on Monday
The top-seeded Zhang beat Liu 11-8, 11-8, 11-6, 8-11, 10-12, 11-8 and will meet another Chinese player, second-seeded Guo Yue, in Tuesday's final at Yokohama Arena. Guo defeated third-seeded Li Xiaoxia of China 11-8, 11-5, 10-12, 11-5, 11-9 in the other semifinal.
China Construction Bank says 1Q profit down 18 percent on lower interest; fee income risesApril 25th, 2009 China Construction Bank 1Q profit down 18 percentBEIJING — China Construction Bank Ltd., the country's second-biggest commercial lender by assets, said Saturday its first quarter profit fell 18 percent as interest rate cuts by China's central bank hurt revenues. Profit for the three months ending March 31 was 26.3 billion yuan ($3.8 billion), or 0.11 yuan per share, the Beijing-based lender said.
China aluminum firm aims to raise $1.6 billion from Hong Kong initial public offeringApril 23rd, 2009 China aluminum firm seeks $1.6 billion from IPOHONG KONG — China Zhongwang Holdings, a manufacturer of aluminum products, said Thursday it is seeking to raise as much as $1.6 billion in one of the biggest initial public offerings so far this year. The company is selling 1.4 billion shares, or 25.9 percent of its enlarged share capital, for between HK$6.80 and HK$8.80 a share ($0.88 to $1.14), according to the prospectus for the offer.
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