171 companies have IPO hopes dashed

171 companies have IPO hopes dashed

China Daily 17 May 2013 A total of 171 companies have seen their IPO hopes dashed by China’s securities watchdog, triggering doubts about the credibility of IPO agencies, including accounting firms, Securities Daily reported on Friday. Four Chinese accounting...
Essar Oil to sign fuel-for-cash deal with China Development Bank

Essar Oil to sign fuel-for-cash deal with China Development Bank

Financial Times 20 May 2013 India’s Essar Oil, a division of London-listed Essar Energy, is set to announce an unusual debt financing deal with state-run China Development Bank, in a further sign of deepening financial ties between Asia’s two largest emerging...
Consolidation as Dongfeng deals for Fujian Motor

Consolidation as Dongfeng deals for Fujian Motor

China Daily 20 May 2013 In the biggest consolidation in the nation’s fragmented auto industry since 2009, China’s second-largest automaker Dongfeng Motor Corp agreed last week to become a shareholder in Fujian Motor Industry Group Co Ltd. Dongfeng signed a...
China’s Internet giants in acquisition spree

China’s Internet giants in acquisition spree

China Daily 14 May 2013 BEIJING – China’s Internet giants have gone on a new acquisition spree in recent months as they ramp up efforts to diversify businesses amid the industry’s constantly changing dynamics. Alibaba, China’s leading...