Posts Tagged ‘stock market’

Xunlei Partners With China Construction Bank For Pre-IPO Financing

Chinese Internet company Xunlei has formed a strategic partnership with China Construction Bank’s Shenzhen branch to gain a CNY10 billion loan and a customized capital management program for Xunlei over the next three years. Luo Lan, vice president of Xunlei, said that the cooperation aims to provide financial security for Xunlei’s rapid expansion, enhance the […]

IBM Becomes Second Largest Shareholder In Sichuan Changhong

Chinese electronics maker Sichuan Changhong Electric has published a report stating that IBM (IBM) China has acquired a 1.56% stake in Sichuan Changhong for CNY108 million.

Suning Suspends Equity Incentive Plan

Chinese electronics retailer Suning has published a notice that the company will suspend its equity incentive plan made in July 2008. Repurchases One Million Shares For HKD4.3 Million

Chinese B2B e-commerce group has notified the Hong Kong Stock Exchange that the company has spent HKD4,296,950 buying back one million shares at prices ranging from HKD4.23 to HKD4.35 per share.

TCL Cuts Fund Target To CNY1.39 Billion

TCL Group, one of the largest Chinese television and mobile phone makers, has announced that is will cut the size of its planned share placement from CNY1.69 million to CNY1.39 billion.

Best Buy Gains Approval To Open Four New Stores In China

According to the second quarter financial report in 2009 fiscal year of the international electronics retailer Best Buy (BBY), the company has gained the approval of Chinese local government to open four new stores in China.

Gome Acquires Remaining 10% Shares Of Yongle For CNY811 Million

Chinese electronics retailer Gome has released a report at Hong Kong Exchanges and Clearing Limited, which says that Gome has inked an agreement with five shareholders, including Chen Xiao, founder of Yongle and current president of Gome, to acquire the remaining 10% shares of Yongle (China) Electronics Retail Company, making Yongle a wholly-owned subsidiary of […]

China Netcom Delisting From Two Markets On October 15

China Netcom has released a report that after the completion of the merger with China Unicom, the company will be delisted from Hong Kong Exchanges and Clearing Limited and New York Stock Exchange on October 15, 2008.

Giant Interactive To Repurchase USD150 Million Shares

Chinese online game company Giant Interactive (GA) has announced that its board of directors has approved a share repurchase program.

Suning Launches Share Bonus Plan

Suning Appliance has launched its share bonus plan for 2008 in which the electronics retail company will give 43.76 million stock options, accounting for 2.93% of its total shares, to its senior executives as incentives.