Guangzhou Ind to repay US$8m
The News Review:
- Guangzhou Ind to repay US$8m
- Sinopec Guangzhou to raise June crude runs 63 pct
- Tenneco Forms Joint Venture With BHAP in China
- Foreign models stabbed by man of mental problems in Guangzhou
- Cities move to ensure safety after bus blaze
- Merrick takes plenty from China
- BYD: The Next Auto Giant?
Guangzhou Ind to repay US$8m
Straits Times
html’>Breaking News >. html’>Singapore > StoryJune 8 2009Guangzhou Ind to repay US$8m By Elizabeth Wilmot SINGAPRE Exchange-listed firm Guangzhao Industrial Forest Biotechnology Group has won another extension to repay more than US$8 million (S$11. 7 million) to bondholder Liberty Harbor. The forestry firm – involved in the production and sale of fast-growing poplar – announced yesterday that it had until July 9 this year to repay its debt. This replaces an earlier extension to June 9 granted by Liberty Harbor. It was first announced in May 2007 that Guangzhao Industrial had entered into an agreement for the issue of US$8 million convertible bonds due 2011 to Liberty Harbor part of Goldman Sachs Asset Management.
Sinopec Guangzhou to raise June crude runs 63 pct
Reuters
SS) Guangzhou refinery will process 63 percent more crude in June from May after completing major maintenance work an industry source said on Thursday. The plant plans to process.
Tenneco Forms Joint Venture With BHAP in China
American Chronicle
Tenneco will serve as the majority owner with a 51% equity stake and the Beijing Hainachuan Automotive Parts Company (BHAP) will own the remaining 49%. Initially the new joint venture will supply emission control systems for Beijing Hyundai starting in 2010. Tenneco also intends to establish an emission control manufacturing presence later in 2009 in Guangzhou to support new business with Nissan. Tenneco has said that its new joint venture with BHAP represents its sixth joint venture all majority-owned in China. Gregg Sherrill chairman and CE of Tenneco said: “The new joint venture partnership in Beijing and our expansion into Guangzhou will strengthen our position as the leading emission control supplier in China as well as further diversify our customer mix in China while building our global business with Japanese and Korean manufacturers. “A service of YellowBrix Inc.
Related from Zjhcfw: Joint Venture f NetSun China Telecom Established In Hangzhou
Foreign models stabbed by man of mental problems in Guangzhou
China Daily
The alleged stabber aged about 25 years is accused of jumping on to the runway and chasing the models knifing them in the arms and legs. He had been among audience members watching the models display perfume during the parade in front of Grandbuy shopping mall on Beijing Road pedestrian area on Thursday at 8 pm. “He waved the knife thrusting the models’ arms and legs” a witness surnamed Zhang said. “The models ran away at once but he chased after them and kept on stabbing them.
Cities move to ensure safety after bus blaze
China Daily
All buses in the city are required to be equipped with enough fire extinguishers. In addition the bureau is requiring bus companies to reinforce supervision of passengers on entry and exit. Guangzhou in Guangdong province is proposing a law to ban passengers taking anything with an unusual smell on buses in the city. New air-purifying equipment will also be installed to improve air quality in buses according to the Guangzhou Municipal Transportation Committee.
Merrick takes plenty from China
The Age
“I think we were unlucky not toget a draw or a win. It was a high intensity good hit-out forus. After experimenting in the previous match against Guangzhou inwhich Victory used 19 of its 20 touring players Merrick returnedto a full-strength line-up against Tianjin. “All in all at this stage of the season we seem to be furtherahead than the last four years regarding our fitness and the factwe’ve played together for so long and have virtually re-signed lastyear’s team with a couple of additions” Merrick said.
BYD: The Next Auto Giant?
Seeking Alpha
Instead of laying lots of expensive land lines first as had been done in the west they directly leapfrogged into cell phone use. China is now number one in cell phone ownership in the world. China has been number one in battery powered motorcycles (dian dong che) for some time and anyone who has visited the major cities (and secondary ones too) with the exception of Guangzhou will see what I mean. They are a clean energy alternative to gas powered motorcycles (and cars). So now they want to use this battery technology expertise to power cars. Every major auto company is now investing a large part of their R&D into battery technology. The goal is to have this up and running in 10 years time.
Written by admin on June 8th, 2009 with
no comments.
Read more articles on News.