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UBS lift designer wedding dresses s H-share holding in China Shenhua Energy

dw234ycv — Thu, 29 Dec 2011 08:38:37 +0000

UBS lift designer wedding dresses s H-share holding in China Shenhua Energy
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UBS lifts H-share holding in China Shenhua EnergyPublished: 15 Dec 2008 23:49:22 PST

Dec. 16, 2008 (China Knowledge) – UBS AG, a premier global financial services company, bought around 2.93 million H-shares in China Shenhua Energy Co Ltd<601088><1088> for HK$42.6 million on Dec. 5, according to statistics posted on the Hong Kong Stock Exchange (HKEx).

The Swiss bank purchased the 2.93 million H-shares at an average price of HK$14.529 apiece. After the transaction, UBS lifted its H-share holdings in Shenhua Energy to 5.01% from the previous 4.93%, with approximately 170.36 million H-shares.

A-shares of Shenhua Energy lost 1.03% to RMB 19.25 on Monday, while its H-shares jumped 4.07% to HK$17.38.

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Chinese Paper cutting machine stocks open 0.16% lower on Tue

dw234ycv — Thu, 29 Dec 2011 08:38:35 +0000

Chinese Paper cutting machine stocks open 0.16% lower on Tue
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Chinese stocks open 0.16% lower on TuePublished: 12 Oct 2009 18:49:26 PST

Oct. 13, 2009 (China Knowledge) – Chinese stocks opened slightly lower on Tuesday morning, tracking losses from the previous closing.

The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 2,889 points, down 0.16% or 4 points from the previous closing.

The Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 0.29% or 33 points lower at 11,710 points.

Brand ap ipad charger praisal company deemed a fraud

dw234ycv — Thu, 29 Dec 2011 08:38:17 +0000

Brand ap ipad charger praisal company deemed a fraud
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Brand appraisal company deemed a fraudPublished: 29 Jul 2009 08:02:01 PST

By Huang Jingjing and Wen Ya

World Executive Group (WEG), a brand appraisal company, denied yesterday claims that it is a bogus company providing false information.

According to a convention of over 20 experts and scholars, WEG, which claims to have been started by Robert A. Mundel, a Nobel Prize Laureate in Economics, and Haisen Ding, is essentially fraudulent.

“We have voluntarily met together Tuesday in Beijing to uncover these frauds, and plan to submit a petition to the Ministry of Commerce,” Zhu Xiangqun, an initiator of the convention and Deputy Secretary General of Brand Asia Committee, told the Global Times yesterday.

WEG responded yesterday that those experts were “degrading” them through “malicious and false statements” and broke the Criminal Law.

“We have already reported the case to the police,” Ke Ke, an employee from the publicity department of WEG, told the Global Times yesterday.

But she said the company refused any interview and would hold a press conference after the case was solved.

According to WEG’s website, it was established in 1999 in New York, and has a think tank of talents from world famous universities including Harvard, Yale, Oxford and Cambridge. It claims to have set up a branch company in Beijing in 2003.

Since 2004, the firm has annually ranked China’s 500 most valuable brands under the logo of the World Brand Lab.

Among the top 500 announced in June this year, the Industrial and Commercial Bank of China topped the list with a brand value of 125.09 billion yuan ($18.31 billion) and Goldenapple in China, a sports goods manufacturer, ranked last with a brand value of 801 million yuan ($117 million).

However, the identity of the company and its qualifications to make such appraisals has been doubted.

“After comparing the brands ranked by the company for the past six years, we found that there are loopholes in the ranking,” Zhu Xiangqun said.

For example, brand value rank rises and falls suddenly, big companies with billions of brand value disappear from the list and some small unknown companies are listed instead of big ones, he said.

Changhong Group Corp, a leading company in household electrical appliances, ranked 6 in 2008 with a brand value of 65.59 billion yuan ($9.60 billion) and vanished from the 2009 list.

“We’ve never been in contact with the lab, let alone to know their list,” Liu Haizhong, planning department manager with Changhog Group Corp, told the Global Times.

“We’ve never paid attention to their ranking list, unless the ranking list companies hurt our company,” Liu said,“I believe consumers and users have the final say on our brand value.”

Chunlan Group Corp, also in the electrical appliances industry, was ranked in top 50 with a brand value of 16.01 billion yuan ($2.34 billion) in 2009. However, in 2008, Chunlan was missing from the list.

“Any assets appraisal company that is registered in China is required to have the word appraisal in its name, but the WEG doesn’t have this. It is clear that the company has no right to operate in assets appraisal in China,” Wang Jing, general manager of the Beijing Brand Appraisal Company, told the Global Times yesterday.

She also joined the meeting Tuesday. She said she isn’t at all worried that the group would file a lawsuit against her.

“I didn’t slander them because they’re business rivals. I just told the truth. I welcome any report to the judicial institutes,” she said.

An employee from the market department of a noted Beijing-based newspaper, which is among the top 500 this year, was also skeptical about th乳化机 FX 比較短信群发現金化 car sun shades 弹簧深圳搬家公司テレクラ

Renault surge protection to bring Koleos SUV model to China soon

dw234ycv — Thu, 29 Dec 2011 08:38:10 +0000

Renault surge protection to bring Koleos SUV model to China soon
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Renault to bring Koleos SUV model to China soonPublished: 24 Mar 2009 02:22:13 PST

Mar. 24, 2009 (China Knowledge) – French Renault S.A., the world’s 4th largest automaker, will introduce its first crossover SUV model, the new Koleos, to the Chinese market right before the Auto Shanghai 2009, which is set to open in April, the Xinhua News reported on Monday.

As Renault’s first SUV model, the Koleos is a new multipurpose vehicle developed by the Renault-Nissan alliance. It has the four-wheel-drive (FWD) system and is equipped with a dCi 150 engine or a dCi 157 engine. The Koleos SUV was launched in the European market last August.

The price for Koleos SUV may be set above RMB 242,000, said the report.

Send feedback or comments to: news@chinaknowledge.com

For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today:

To access our page on Bloomberg, type CKFI

Nine die stainless steel pipe manufacturer in bus accident in Anhui

dw234ycv — Thu, 29 Dec 2011 08:38:06 +0000

Nine die stainless steel pipe manufacturer in bus accident in Anhui
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Nine die in bus accident in AnhuiPublished: 30 Nov 2009 22:02:01 PST

A long-distance bus collided with a farm vehicle Monday, leaving nine dead and eight injured in Anhui Province, police authorities said.

The accident happened when the two vehicles crashed at 11:40 am in Mengcheng county of Anhui, killing eight at the scene and injuring nine others.

One of the injured died in hospital.

The 35-seat coach, carrying 31 passengers besides the driver and a ticket seller, was heading for Huainan of Anhui from Zaozhuang in Shandong Province.

Further investigation is underway.

In a separate accident, 10 people were confirmed dead and five injured after a mini-bus plunged over a steep slope in Guangdong Province on Sunday, according to local officials, who blamed overloading and brake failure as the main causes of the accident.

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Jinke Gr Blister packaging oup to spend RMB 4.77 bln for backdoor listing

dw234ycv — Thu, 29 Dec 2011 08:38:03 +0000

Jinke Gr Blister packaging oup to spend RMB 4.77 bln for backdoor listing
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Jinke Group to spend RMB 4.77 bln for backdoor listingPublished: 07 Jun 2009 18:44:17 PST

Jinke Group currently has 33.56 million shares in Chong Qing Dong Yuan, accounting for 13.42% of the total 250 million shares. After the purchase, Jinke Group will be the biggest shareholder and will hold 257.29 million shares in Chong Qing Dong Yuan, accounting for 22.18% of the total 1.17 billion shares.

At present, Jinke Group has properties under construction that cover land area of 3,004.56 Mu and have potential floor area of 5.31 million square meters (sq m), of which 1.6 million sq m have already been sold. The undeveloped property projects of the enterprise amount to 4.43 million sq m in potential floor area.

In 2008, Jinke Group’s operating revenue totaled RMB 3.24 billion, and its net profit stood at RMB 511 million. The group aims to record net profit of RMB 530 million this year, RMB 600 million in 2010 and RMB 670 million in 2011, sources reported.