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CVC Capital Partners (CVC), a leading global private equity (PE) firm, announced on Monday the opening of its Beijing office as it looked to China for more investment opportunities. It was the European giant's first Chinese mainland office and sixth in Asia. China is no doubt one of our most important investment destinations, said Zhu Wei, CVC Chi...
China National Offshore Oil Co. Ltd. (CNOOC Ltd.) announced on Monday that its wildcat well, drilled independently in the Bohai Bay, discovered oil and natural gas. The wildcat, Ken Li 10-1-1, was drilled to a total depth of 3,148 meters, with a water depth of about 17 meters. Test flows were about 980 barrels of oil and 100,000 cubic feet of natural ...
Taobao.com, China's top consumer-to-consumer (C2C) site, will receive a further two billion yuan (292 million U.S. dollars) in investment from its parent Alibaba Group over the next five years. The decision was announced at the five-year anniversary ceremony of the group by Ma Yun, founder and CEO of the Hong Kong-listed corporation. The two billi...
China's centrally-administered state-owned enterprises (SOEs) are seeking 16 senior executives from either home or abroad, according to the State-owned Assets Supervision and Administration Commission (SASAC). The SASAC, the industry watchdog, said in a notice on Monday the posts included three general managers, 10 deputy general managers and three ch...
China Oilfield Services Ltd. (COSL),a listed subsidiary of China National Offshore Oil Corporation, announced Monday that it would offer to acquire all the issued and outstanding shares of Norway's Awilco Offshore ASA for 130.4 Hong Kong dollars per share. The deal would be worth of 19.5 billion Hong Kong dollars if the offer price was fully accepted ...
The total assets of overseas-funded banks in the Chinese mainland stood at some 193 billion U.S. dollars by the end of March, up 55 percent year on year, the China Banking Association (CBA) said Sunday. The assets of overseas-funded banks accounted for 2.44 percent of the total assets of the banks in China, it said. Yang Zaiping, CBA's vice chairm...
Private equity market in China kept expanding in the second quarter, with the total value of 33 disclosed projects reaching 2.56 billion U.S. dollars, up 10.7 percent against the first quarter. The 33 private equity investments were made in 14 industries, among which manufacturing, energy and mining industries appeared more attractive, said a report o...
The U.S. Agency for International Development (USAID) will deepen and broaden assistance programs in Vietnam in such fields as finance, education and healthcare in the coming years, a visiting U.S. official said Friday in Hanoi. The USAID would provide Vietnam with stronger assistance in various spheres, including having bigger U.S. involvement in ove...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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